Featured
2021 budget: President Buhari to spend N2.42bn on travels
In the 2021 budget recently passed into law, the office of the President will spend a total of N2.42 billion on travels and transport (local and international) in 2021, while the state house in Abuja will spend N135.6 million on refreshments.
Recall that President Muhammadu Buhari had on December 31, 2020, signed the N13.58 trillion 2021 budget into law.
In the budget, total expenditure budgeted for the office of the president stands at N3.82 billion, while recurrent and overhead cost is N2.76 billion.
Other key highlights of the 2021 budgetary provision for the office of the president show that supply of catering materials and foodstuffs will gulp N98.3 million; a total of N164.17 million will be spent on honorarium and sitting allowance, while N41.21 million is budgeted for publicity and advertisement.
For the office of the vice-president, N801.03 million will be spent on travels (both local and international), refreshment and meals will cost N18.26 million, and honorarium and sitting allowance will cost N20.26 million. N50.88 million is budgeted for the supply of catering materials and foodstuffs, and N23 million for welfare packages.
The office will spend N111.7 million on acquisition of computer software in the year.
The state house in Abuja is to spend N336.26 million on motor vehicles, N478.31 million on honorarium and sitting allowance and N240.7m on welfare packages
The budget figure for wildlife conservation stands at N51.46 million; N60.94 million on sporting and gaming equipment, and N45.67 million for generator fuel.
The office of the Chief Security Officer to the President will spend N229.41 million on the purchase of motor vehicles, while drugs and other supplies for the State House Medical Centre will cost a total of N208.35 million.
-
Business1 week agoNigeria’s foreign debt climbs 22% to $51.86bn under Tinubu administration
-
Business6 days agoAnalysts hail equities rally as over 30 NGX stocks beat inflation in April
-
Comments and Issues7 days agoWhy the killing of Abu-Bilal al-Manuki by U.S. and Nigerian forces matters
-
Comments and Issues7 days agoTinubu or Wike: Where does Governor Monday Okpebholo’s alliance lie?
-
Comments and Issues7 days agoIf you’re enjoying Tinubu’s policies raise your hand
-
Business6 days agoSterling Holdings FY2025 profit soars by 89% despite rising credit losses
-
Business6 days agoDespite huge investment, Nigeria’s telecom sector struggles to meet soaring data demand
-
Business6 days agoFirstBank unveils Naira Visa Debit Card to deepen cashless payments, financial inclusion

