Home Finance Presidency to spend N37.8bn to purchase vehicles in 2022

Presidency to spend N37.8bn to purchase vehicles in 2022

by Jibson
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According to report reaching oyogist.com, the Presidency and Ministries, Agencies and Departments are expected to spend N37.8bn to purchase vehicles in 2022.

No fewer than 35 government-owned enterprises are expected to spend N19.8bn on vehicle purchase, while the Presidency, ministries and other statutory agencies earmarked N18bn in 2022.

Our correspondent, however, estimates that the budget for vehicles may be higher than the N37.8bn as revenue generating agencies did not provide a breakdown of their budgets while some had yet to submit their budget proposals to the National Assembly.

Some agencies that did not provide a budget breakdown include the Nigeria Customs Service, the Central Bank of Nigeria, Industrial Training Fund, Joint Admissions and Matriculation Board, National Pension Commission, Tertiary Education Trust Fund and the National Information Technology Development Agency.

The Presidency is expected to spend N1.8bn on the vehicles next year as the State House earmarked N1.6bn for purchase, while the Office of the Chief Security Officer will splash N184m on vehicles.

Besides the N37.8bn estimate, N180m will be spent on buying tyres, while N165m will be spent on maintenance and N67m on fuel.

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