Home Headline News FG allocates N5.9tn to education, health, defence, infrastructure

FG allocates N5.9tn to education, health, defence, infrastructure

By Folashade OgunrindeOct 09, 2021, 17:54 pm0

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The Federal Government has allocated the sum of N5.93tn to critical sectors of the economy including defence, health, education and infrastructure.

According to the Minister of Finance, Budget and National Planning, Zainab Ahmed, the Federal Government prioritised defence and infrastructure sectors in the 2022 budget by allocating N2.41tn and N1.45tn to these sectors respectively, which represent N15 per cent and N8.9 per cent of the total budget.

Ahmed disclosed this at the “Public Presentation and Breakdown of the Highlights of the 2022 Appropriation Bill’’ held in Abuja on Friday.

She noted that the N2.14tn allocated to the defence and security sectors includes recurrent and capital expenditure for the Military, Police, Intelligence and Para-Miltary.

Some of the projects that will be funded with the allocation include balance payment for the procurement of 3 X JF – 17 Thunder Aircraft, support equipment and spares including targeting Pod for JF – 17, complete with aircraft arms and ammunition (N22.08bn), procurement of 30/32/35 metre hydro survey ship and landing ship tank (N9.69bn) and procurement of 3 X AW109 helicopters and part payment for procurement of 1 X AW139 Helicopter (N1bn).

Others are the Completion of Naval War College complex (N4.4bn) and the upgrade of the Nigerian Navy Reference Hospital Ojo (N1.4bn).

Meanwhile, the N1.45tn allocated for infrastructure includes provisions for Works and Housing, Power (inclusive of Power Sector Recovery Programme provisions), Transport, Water Resources and Aviation.