After months of debates over technical and fiscal difficulties, the
House of Representatives on Thursday passed the sum of N4.493 trillion
budget for the year 2015 fiscal year.
The budget is an increase of N135.4 billion over what was proposed by the Executive in November 2014.
The report of the budget, which was adopted, was laid on Wednesday by
the chairman, Committee on Appropriations, John Owan Enoh (PDP, Cross
River).
Education got the highest allocation
of N392,242,784,654 followed by Defence/MOD/Army/Air Force/Navy with
N326,697,219,431 and Police formation and Commands with N303,822,224,611
while the sum of N236,975,742,847 is for Health sector.
The
breakdown shows that out of the sum of N152,999,047,466; N69,423,427,479
is for Youth Development; N62,226,771,999 is for office of the National
Security Adviser; N58,293,428,177 is for Petroleum Resources;
N48,299,630,506 is for Secretary to the Government of the Federation ;
N41,688,372,171 is for Foreign Affairs while N31,871,341,597 is for
Agriculture and Rural Development.
The sums of N26,593,880,816
is for Science and Technology; N25,177,777,661 is for Works;
N23,695,474,427 is for Information; N20,085,865,120 is for Presidency;
N18,118,392,153 is for Tourism, Culture and National Orientation;
N15,602,574,341 is for Environment; N10,978,094,393 is for Trade and
Investment while N10,597,851,549 is for Communication Technology.
From the N13,965,664,092 approved for the eight Federal Executive
bodies, the sums of N5,299,416,374 is for National Population
Commission; N1,935,767,344 is for Code of Conduct Bureau; N473,656,088
is for Code of Conduct Tribunal; N2,214,028,373 is for Revenue
Mobilisation Allocation and Fiscal Commission; N1,129,445,636 is for
Federal Civil Service Commission; N740,477,185 is for Police Service
Commission while N2,172,873,092 is for Federal Character Commission.
From the sum of N368,335,011,023 approved for Service Wide Votes, the
sum of N20.270 billion is for Zaman Lafiya; N22 billion is for
operations – Internal for the Armed Forces; N9.6 billion is for payment
to Nigerian Army Quick Response Group including arrears; N5 billion is
for payment of outsourced services; N2.3 billion is for entitlements of
former Presidents/Heads of State and Vice Presidents/Chiefs of General
Staff; N5.5 billion is for Employees Compensation Act – Employees
Compensation Fund; N17.5 billion is for General Election logistic
support; N17,397,993,277 is for Contingency; N6 billion is for country’s
contribution to West African Examination Council (WAEC); N4.5 billion
is for assessed contribution to African Union and others; N5 billion is
for margin for increases in costs; N11 billion is for external financial
obligations; N3,099,600,000 is for recurrent adjustment;
N38,987,017,746 is for public service wage adjustment for MDAs
(including arrears of promotion and salary increases) while N11.755
billion is for improved remuneration package for Nigerian police.
The sum of 60,251,158,887 is for payment into the redemption fund (15%
of total personnel cost); N18 billion is for arrears of 33% increase in
pension rates; N3.750 billion for arrears of police death benefits
(2004-2010); N14,690,036,516 for Group Life Insurance for all MDAs
including DSS; N1 billion for Armed Forces enhanced retirement benefits
of Commodores and above; N2.995 billion for severance benefits of Delta
Steel Company/Pension pay-off; N3,544,110,811 is for NHIS (Military
retirees) while the sum of N36 million is for administration and
monitoring of (OHCSF) Group Life.
From the total sum of
N63,281,093,786 earmarked for presidential amnesty programme, the
stipends and allowances of 30,000 Niger Delta ex-militants is to gulp
N23.625 billion; N5,502,447,783 is for Presidential amnesty operational
cost; N34,153,646,003 is for reintegration of transformed ex-militants
while zero allocation is for reinsertion/transition safety allowances
for 3,642 ex-militants (phase 3).
From the total sum of N953.62
billion approved for debt servicing, the sum of N894.610 billion is for
domestic debt while N59.010 is for foreign debts.
Credit: Muhammad Bello/ThisDay
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