Nigerian Lawmakers Raises Works Ministry Budget to Over N1trillion
Jan 19, 2024 ·
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Description
The National Assembly has raised the budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn. This represents N373bn or 56.7 per cent increase from...
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The National Assembly has raised the budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn.
This represents N373bn or 56.7 per cent increase from the initial figure in the appropriation bill. It also represents a 65.4 per cent increase from the amount approved in the 2023 budget.
The approved budget showed that the increase was due to the raising of its capital budget from N617.9bn to N987.3bn.
An analysis of the document also showed that several capital projects were introduced in the approved budget.
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This represents N373bn or 56.7 per cent increase from the initial figure in the appropriation bill. It also represents a 65.4 per cent increase from the amount approved in the 2023 budget.
The approved budget showed that the increase was due to the raising of its capital budget from N617.9bn to N987.3bn.
An analysis of the document also showed that several capital projects were introduced in the approved budget.
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