16 November 2017

Nigeria: Buhari, Osinbajo to Spend Over N2.5 Billion On Cars, Travels in 2018

Photo: Premium Times
President Muhammadu Buhari with Vice President, Yemi Osinbajo

President Muhammadu Buhari plans to spend N1.001 billion on travels in 2018, details of the proposed 2018 budget released by the Budget Office of the Federation show.

The amount breaks down to N751.3 million for international travels, and N250.02 million for local travels.

The budget shows that another N907 million would be spent on a phased acquisition of new vehicles and spare parts in the presidential fleet during the year.

Additional N83. 77 million will be spent on tyres for bullet proof vehicles, plain Toyota cars, close circuit vehicles, platform trucks, Land Cruiser and Prado jeeps, Hilux, Peugeot 607, ambulances and other utility and operational vehicles for the Presidency.

On his part, Vice President Yemi Osinbajo will spend about N301.04 million on general travel -- detailed as N217.06 million for international travel and N83.97 million for local travel.

The budget sets aside N986.91 million for "miscellaneous" expenses in the State House, while general utility services will gulp N476.87 million. Electricity charge is N274.79 million and N67.11 million is for internet.

President Buhari last Tuesday in Abuja presented a budget proposal of N8.612 trillion for 2018, saying the projected expenditure will drive rapid economic recovery.

He said with a benchmark of 45 dollars per barrel at an exchange rate of N305 to a dollar in 2018, the budget would consolidate on the achievements of previous budgets to aggressively steer the economy to the path of steady growth.

"With the economic recovery made so far, it is clear that we made the right decisions," he said.

Mr. Buhari said the government would continue to develop infrastructure and increase investments in agriculture to attain food security and reduce importation.

Other major spending for the president's office are N4.86 billion for "annual routine maintenance of mechanical/electrical installations" and N1.03 billion for the State House Medical Centre.

Outstanding liabilities on routine maintenance and other services will receive N565.65 million.

Overall, the State House which comprises the president and vice president's offices, and state house administration, will spend N11.545 billion by the State House.

All the proposed spending are subject to National Assembly approval.

Nigeria

Travellers Warned of Flight Disruptions Due to Harmattan Haze

The Nigerian Civil Aviation Authority (NCAA) has warned air travellers in Nigeria that flights would be disrupted due to… Read more »

Copyright © 2017 Premium Times. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.