Works, Finance & Defence Ministries Get Lion Shares As Senate Releases Sectoral Details Of N27.5 Trillion Budget

The Ministries of Works, Finance, Defence and others got lion shares of the N8.7trilliom capital component of the N27.5trillion 2024 budget as contained in sectoral allocation details released by the Senate Committee on Appropriation on Friday. 

 

The Senate, after passing the 2024 Appropriation Bill for second reading, referred it to the Senate Committee on Appropriations led by Senator Solomon Adeola, who released the sectoral allocations contained in the budget.

 

In the proposed allocations, the Ministry of Works gets N521.3billion, followed by Federal Ministry of Finance with N519.9billion, while N308 2billion is earmarked for Ministry of Defence.

Similarly, Federal Ministry of Health and Social Welfare gets N304.4billion while Ministry of Education gets N265.4billion .

Others are Ministry of Power N264.2billion, Government owned Entetprises N820.9billion, TETFund N665billion, Housing and Urban Development N96.9billion, Water Resources N87.7billion and Police Atfairs N69billion.

The National Assembly under statutory transfers gets N198billion, Niger Delta Development Commission N324.8billion, Universal Basic Education N251.4billion, National Judicial Council N165billion, North East Development Commission N126billion and Basic Health Care Provision Fund N125.7billion.

Under Capital Supplementation, Zonal Intervention otherwise called constituency projects for Federal lawmakers gets N100billion, Special Projects N108billion, Contingency (capital) N200billion, Aid and Grants funded projects, N685.6billion, National Social Investment Programme Agency N100billion etc.