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2023 Budget: Defence, Education, Health Gulp N8.1 Trillion, 5% To Infrastructure - Politics - Nairaland 213e2l

2023 Budget: Defence, Education, Health Gulp N8.1 Trillion, 5% To Infrastructure (5745 Views)

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iwaeda: 9:34am On Oct 20, 2022
Subject to approval of the National Assembly, the federal government would be spending N8.074 trillion on five priority sectors for the government. The sectors are defence & security, education, health, infrastructure and social development & poverty reduction programmes. President Muhammadu Buhari recently presented the N20.5 trillion national budget to the lawmakers.

Defence & security sector has the highest vote of N2.74 trillion (13 per cent of the total budget). That amount includes recurrent and capital expenditure vote for the military, police, intelligence and paramilitary. Nigeria is facing much of insecurity challenges that has gravely disrupted production and pushed up prices of farm produce across the country.

From the N2.05 trillion (10 per cent of the budget) for education sector, paltry N470 billion is earmarked for tertiary education revitalisation and salary enhancement, indicating that government maybe heading for another showdown with university lecturers. N1.23 trillion is the amount provisioned for Federal Ministry of Education and its agencies (recurrent & capital expenditure) with the other amount voted for UBEC and TETFUND.

Health Sector N1.58 trillion or eight per cent of the proposed budget, while the government plans to spend N756 billion (four per cent) on social development and poverty reduction programmes of the present istration.

Curiously, only five per cent or less than N1 trillion of the entire budget is voted for building of infrastructure. In simple , the federal government is planning to spend a little fragment of the budget (N998.93 billion) through ministries of Works & Housing, Power, Transport, Water Resources, Aviation for provision of infrastructure that is largely in deficit across Nigeria.

https://leadership.ng/2023-budget-defence-education-health-gulp-n8-1trn-as-fg-allocates-5-to-infrastructure/

1 Like 1 Share

Jasiazh: 9:37am On Oct 20, 2022
I bet my ball that more than 20 percent of this money will never get to their destination

19 Likes 2 Shares

YourHerbalOrgan(f): 9:38am On Oct 20, 2022
okay ooo
WibusJaga: 9:39am On Oct 20, 2022
.

Ultimately all this money will flow down into pockets of individuals; legitimately & illegitimately.
Make I go equip & position myself to chop my own legitimate share. cool

3 Likes

Re: 2023 Budget: Defence, Education, Health Gulp N8.1 Trillion, 5% To Infrastructure by Nobody: 9:46am On Oct 20, 2022
wink
iwaeda: 10:24am On Oct 20, 2022
Nlfpmod angry angry grin angry
inoki247: 10:25am On Oct 20, 2022
Electricity no dey tak any undecided undecided undecided

Or we don finally agree say we are allergic to 247 electricity..

5 Likes

Ngwamankillyou(m): 11:21am On Oct 20, 2022
Foolish Budget without Sense.

2 Likes

Houseofglam7(f): 11:21am On Oct 20, 2022
undecided
FuckDModz: 11:21am On Oct 20, 2022
grin

Even if they budget 10 trillion dollars for education in Nigeria, it will end up in the pockets of a few bastards. The same applies to defence.

State-sponsored education is a sham.

Nigerian universities no longer carry out any meaningful research.

Students are obsessed with making quick money instead of knowledge.

5 Likes 1 Share

ihustler(m): 11:22am On Oct 20, 2022
ok
Re: 2023 Budget: Defence, Education, Health Gulp N8.1 Trillion, 5% To Infrastructure by Nobody: 11:22am On Oct 20, 2022
Peter Obi is coming to redesign the budget

4 Likes 1 Share

iwaeda: 11:22am On Oct 20, 2022
5% to infrastructure, it means our roads will remain death trap, Ekiti /Ondo/ Edo/ Delta especially grin grin grin grin angry grin angry

1 Like

LTCtech: 11:23am On Oct 20, 2022
What of science and tech cheesy

We can build you that website and app you desire, let's talk via my signature or profile
piboka: 11:23am On Oct 20, 2022
Sad
Re: 2023 Budget: Defence, Education, Health Gulp N8.1 Trillion, 5% To Infrastructure by Nobody: 11:25am On Oct 20, 2022
How about National Assembly?
Aareakinwunmi: 11:25am On Oct 20, 2022
Most of this money will be squandered.
Yankee101: 11:26am On Oct 20, 2022
Buhari is failing forward
agadez007(m): 11:27am On Oct 20, 2022
APC is a scam
I just can’t wrap my head around why Some people don’t want to have sense and vote them again

1 Like

Fiscus105(m): 11:27am On Oct 20, 2022
How much is North contributing and how much money going to north as waste? The crises that deliberately caused by selfish individual and use religion as a tool.
INDOMIE9090(f): 11:29am On Oct 20, 2022
RenegadeX:
Peter Obi is coming to redesign the budget
maybe in anambra

4 Likes 1 Share

babajero(m): 11:29am On Oct 20, 2022
How are they going to fund the budget that is the main question, they will just create more debt for the country and embezzle the loan.
KingKO22: 11:31am On Oct 20, 2022
K
PunisherX: 11:34am On Oct 20, 2022
What kind of miscalculated budget is this? They didn’t even include sport, employment, electricity and so on And we already know where the final destination of the funds would be which is their pocket as usual without having to get probed by it cos this is Nigeria�

Xbobtage: 11:35am On Oct 20, 2022
The country is gone
CyberHustle: 11:40am On Oct 20, 2022
Tongue In Cheek budget.
Will it be given to them or just a budget stunt used to calm nerves?
When there was less debt, the govt couldn't do this as there was no money, I wonder how it will happen now.
fasho01(m): 11:41am On Oct 20, 2022
Social development and poverty reduction programmes aka embezzlement
Frankie6835: 11:50am On Oct 20, 2022
After getting the fund what they citizens gets in return is Sorrows, Tears, Insecurity, Hardships, etc

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