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Nigeria's 2024 Presidency Budget Faces Criticism Over Allocations for Renovations and Procurements

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Nasiru Eneji Abdulrasheed
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Nigeria's 2024 Presidency Budget Faces Criticism Over Allocations for Renovations and Procurements

In a move that has garnered significant discourse, the Presidency of Nigeria has proposed a 2024 budget with substantial allocations for building renovations, constructions, and vehicle procurements.

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A staggering N61.29 billion is allocated for building-related expenses, while N6.82 billion is earmarked for vehicle procurement. These allocations, part of a broader N27.5 trillion National Budget, are now under scrutiny.

The State House Headquarters stands to receive the lion's share of the vehicle procurement funding, with a proposed N6.35 billion. This sum includes N4 billion for operational vehicles, N2 billion for SUV replacements, and an additional N351.08 million for tyres for bulletproof vehicles and cars. On the construction side, N28.18 billion is set aside for building repairs, maintenance, and new construction projects.

The largest expenditure in this category is the N13.7 billion slated for residential building repairs. Office buildings follow with a N7 billion allocation, and N3.5 billion each is planned for renovating the State House annex and constructing a new office complex for special advisers and senior special assistants.

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