Details of expenditure outlined in the N2.176 trillion 2023 supplementary budget for ministries, departments and agencies (MDAs) has revealed that the federal
government proposed allocation of N5.095 billion for the acquisition of a presidential yacht and N28billion for other needs in the State House.
Moreover, N3 billion is designated for the renovation of the vice president’s official quarters in Lagos, while N2.5 billion is allocated for the renovation of Aguda House. A similar complex in Guzape is also designated for N1.5 billion in funding, even as N200 million is set aside for the computerisation and digitisation of the State House.
Breaking down the allocation for key ministries and sectors, the miinistry of Defence is to receive a total of N476,543,847,421, with N215,937,945,659 allocated for recurrent expenditure and N260,605,901,762 designated for capital expenditure. Also, the Federal Capital Territory Administration is set to receive N100 billion; the Department of State Services , N49,046,831,697; State House N28 billion; federal ministry of Works, N300 billion; federal ministry of Housing, N100 billion; Service Wide Vote, N615 billion, capital supplementation, N210.500, and Independent Electoral Commission , N18 billion in funding.
“Furthermore, N4 billion is allocated for the construction of an office complex in Aso Rock, and N3 billion is earmarked for the renovation of the Vice President’s official residence in Lagos. He explained that the 2023 budget was a big deficit budget, and adding N2.1trillion to the already overblown budget means that the deficit in the budget will escalate very severely.Adonri further said, “The deficit of the supplementary budget will have to be financed by additional borrowing as this will increase the debt profile of the Country.”
Meanwhile, chairman of the Independent National Electoral Commission , Prof Mahmood Yakubu, has said the N18 billion allocated to the commission in the supplementary budget was not all for the conduct of election.
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