Monday, 22 December 2014

Jonathan votes N400m for plane in Budget 2015

Jonathan votes N400m for plane in Budget 2015

Jonathan

A new aircraft is to join the presidential fleet next year.
But it won’t be an outright purchase; it will be a trade-in of an old aircraft. Government has proposed N400 million as deposit to be paid to the manufacturer.
This is contained in the details of the 2015 budget presented last week to the National Assembly in Abuja.
The Presidency has budgeted N215,635,713 for food stuff and catering materials. It plans to spend N26,663,050,469; N12,917,727,634 on personnel, N11,165,322,836 on overhead, N24,083,050,470 on recurrent and N2,579,999,999 on capital projects.
For the National Assembly, N150 billion is voted; N73 billion is budgeted for the judiciary.
The ministry of Defence, comprising the main ministry, the Army, the Navy and the Air Force voted N358,466,078,698. The Office of the National Security Adviser (NSA), comprising National Intelligence Agency (NIA), Department of State Security (DSS/SSS), Presidential Air Fleet (which manages all the presidential aircraft) has a budgetary envelope of N84,128,320,723.
Specifically to combat insurgency, N1,308,400,600 is proposed to be spent on NICEP II security elements phase II by the NSA, N2,093,861,553 for maritime border security solutions (Falcon Eye), N2,093,861,553 for North-East border security solutions  and N850 million for the DSS to buy more firearms and ammunition for all service formations.
The Ministry of Finance is voted N1,727,288,461,558 with a large portion of it dedicated to the Service Wide Vote.
The Service Wide Vote is a vote created to serve all Ministries Departments and Agencies (MDAs) for emergency purposes not captured in MDAs yearly budgets, but for which funding has been provided for.
No money is disbursed from the Service Wide Vote without due process from two authorities – the National Assembly through appropriation, but to benefit from it, the Minister of Finance must approve the request from demanding MDAs to access such fund belonging to the MDAs from the Service Wide Vote.
Education has a budgetary proposal of N492,034,986,591 and health N257,543,773,757.

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