Headline

2022 Budget: Presidency Appropriates N150bn to Self for Trips, Food, Others

Published

4 years ago

October 11, 2021

Eric

The Federal Government has earmarked N150 billion to the presidency in the 2022 budget, including N135 million for meals and N2 billion for international trips.

President Muhammadu Buhari on Thursday presented an appropriation bill of N16.39 trillion – the total expenditure of the federal government in 2022.

According to the budget details, the presidency will receive N91.63bn, N16.25bn, N42,71bn for personnel, overhead costs and capital projects, respectively, totalling N150,590,609,934.

The budget details for the presidency listed 17 items, including budget earmarked for state house headquarters, state house operations — offices of president and vice-president, office of the chief staff to the president, office of the chief security officer to the president and state house medical centre.

Others are state house Lagos liaison office, National Institute for Policy and Strategic Studies (NIPSS), Kuru, Bureau of Public Enterprises (BPE), Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), and Bureau of Public Procurement (BPP), Nigeria Extractive Industries Transparency Initiative (NEITI), Nigeria Atomic Energy Commission & its centres, office of the chief economic adviser to the president, National Agricultural Land Development Authority (NALDA) and National Agency for Science and Engineering Infrastructure were listed in the presidency budget details.

A breakdown of the budget proposal shows that N12.31 billion was allocated for the state house headquarters, while N24.83 billion and N1.18 billion were budgeted for the offices of the president and vice-president, respectively.

N2BN FOR BUHARI, OSINBAJO’S OFFICES’ INT’T TRIPS

In the budget proposal, the state house headquarters was earmarked N73 million for international travel and transport while local travel and transport (training) will get N31.4 million. The budget also made provision of N57.7 million for local travel and transport (others).

For the office of the president, N1.53 billion was budgeted for international travel and transport (others), while N775.6 million was earmarked for local travel and transport (others).

For the office of the vice-president, N476.2 million was budgeted for international travel and transport (others) while N301.9 million was earmarked for local travel and transport (others).

The development means that the offices of the president and vice-president gulped N2,009,750,909 in the 2022 budget for international travel.

N135M FOR STATE HOUSE HQ’S REFRESHMENTS AND MEALS

The budget details also show that N135,688,651 was earmarked for the refreshment and meals in the state house headquarters, while N120,699,558 was allocated for fuel and lubricants (general) in the state house.

For the office of the president, N30.6 million was earmarked for refreshment and N301.1 million allocated for foodstuff and catering materials supplies.

For the office of the vice-president, N20.2 million was earmarked for refreshment and meals, while N156.6 million was allocated for foodstuff and catering materials supplies

N1.6BN FOR PURCHASE OF NEW MOTOR VEHICLES

In the state house budget, N1.9 billion was earmarked for the purchase of fixed assets, out of which N1.6 billion was budgeted for the purchase of motor vehicles.

No allocation was given to purchase motor vehicles for the office of the president but N30.8 million was earmarked for the item in the office of the vice-president.

The construction of the presidential wing at the state house medical centre tagged ongoing was earmarked N21.9 billion.

N687.4M EARMARKED FOR STATE HOUSE MEDICAL CENTRE

In the 2022 budget, the state house medical centre gulped N687,425,876 as total expenditure.

The breakdown of the budget details shows that N355,695,664 was earmarked for capital expenditure.

The details of the capital expenditure show that construction of the dental wing extension in the state house medical clinic and outstanding liabilities on reclamation and earth filling tagged ongoing gulp N30,000,000.

Procurement of medical equipment tagged ongoing to gulp N270,695,664, while N55,000,000 was budgeted for the construction of 2 blocks of 24 units three-bedroom flats at the state house tagged new.

The state house Lagos liaison office would receive N301,391,917 as total expenditure, out of which capital expenditure gulped N206,111,515.

TheCable

Headline

Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

Published

1 hour ago

December 19, 2025

Eric

President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.

Headline

Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

1 day ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

1 day ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.