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| President Buhari at a Budget Presentation |
With few Months for Buhari to rap up his Administration, the President has set aside N1.35trillion to prosecute the ongoing war against terrorists and bandits in the Country.
This was contained in the N20.51tn 2023 budget proposal presented to the National Assembly by Buhari on Friday.
Indication shows that out of this N1.35tn, the Ministry of Defence and the Armed Forces have been allocated over N1.248tn to fight Boko Haram, bandits and other anti-insurgency wars in the 2023 Appropriation Bill.
Out of this amount, personnel expenditure will gulp over N1tn; overhead cost, N90.961bn; and capital expenditure, N156.294bn.
Of the 18 military and defence agencies allocated the total sum, the Nigerian Army, Nigerian Air Force and the Nigerian Navy will get N638.1b, N174.4bn and N158.7bn respectively. The three forces got the largest chunk of the record military budget.
Out of the Nigerian Army’s N638.1bn budget, N581bn is for payment of salaries of personnel, N24.6bn was allocated for overhead and N32.3bn for capital.
The Nigerian Air Force on the other hand allocated N108. 3bn for personnel cost, N15.4bn for overhead and N50.6bn for capital projects.
For the Nigerian Navy, N113.7bn will go to personnel cost, N19.7bn to overhead and N25.3bn for capital.
The Defence Headquarters, Abuja, has a budget of N84.7bn, out of which N80.086bn is for personnel, N2.1bn for overhead and N2.4bn for capital.
Also, the sum of N1,096,456,345 has been appropriated for the prosecution of Boko Haram and terrorism-related cases in 2023, an analysis of the 2023 Budget has indicate.