Tuesday, April 16, 2024

2024 Budget: Femi Gbajabiamila gets N10 billion to renovate official residence; N10.1 billion for computer software

“N290 million is the allocation for purchase of vehicles.’’

• December 6, 2023
Femi Gbajabiamila
Femi Gbajabiamila

President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila, is expected to get a total allocation of N21 billion in next year’s budget estimates presented to the National Assembly by the President last month. 

A breakdown of the proposed estimates as uploaded on the website of the Budget Office of the Federation, however, shows that Mr Gbajabiamila proposed N104 million for the purchase of computers and printers for ‘local travel and transport for international training,’ the CoS office plans to spend N579 million, while ‘miscellaneous’ is expected to gulp N103 million. 

A further breakdown of the proposed budgetary allocations shows that the project for reconstruction and repair of the CoS’s official residence is to get N10 billion. 

Computer software purchase is expected to gulp about N10.1 billion and N290 million is the allocation for purchase of vehicles.  

Last week, Peoples Gazette reported that Mr Tinubu presented a budget of N27.50 trillion for 2024 to both chambers of the National Assembly. 

The budget had been approved by both the Senate and the House of Representatives, with minor changes to some sectoral allocations. 

The budget presentation, made in a live session of the House chamber, requested budgetary approval of a total spending plan that included 1.78 million barrels per day of crude oil, a borrowing plan of N7.8 trillion, and an exchange rate of N700 to the U.S. dollar.

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