President Muhammadu Buhari and
some ministers have returned the sum of N118 billion to the national treasury
as unused capital budget for the 2017 fiscal year
This amount represents 8.1
percent of N1.4 trillion which was the total capital budget released and almost
four times the size of Federal Capital Territory Administration (FCTA) budget
in 2017, which was N30.3billion.
Out of the N10.9billion released
to the presidency as its capital budget, only N10.7 billion was utilised
leaving a total of N200million as unused which was returned to the treasury
according to the document.
According to a document titled,
“2017 capital performance for ministries, departments and agencies (MDAs) as at
June 12, 2018” obtained from office of the Accountant-General of the
Federation, Mr. Babatunde Fashola of the Ministry of Works, Power and Housing
topped the list of Ministers with highest amount of capital budget balance
returned to the government coffer.
While Ministries of Works, Power
and Housing has N66.9billion, Ministry of Trade and Investment returned N22.8
billion as unused capital budget.
Other ministries and agencies of
the Federal Government in the category of top ten unused capital budget
include, Office of the National Security Adviser with N6.1billion, Ministry of
Finance, N4.3billion, Ministry of Health N3.5billion, office of the Secretary
to the Government of the Federation N3 billion.
Also, Ministry of Education has
N1.8b, while Ministry of Solid Minerals and Water Resources with N1.4b and
N1.1b respectively.
The National Population
Commission (NPC) has N33.4 million, Ministry of Environment with N24.8 million
and Head of Service, N13.1 million.
The Ministry of Youth Development
has N1.9 million followed by Ministry of Foreign Affairs which has N2.5 million
and Ministry of Labour and Employment that has N3.2million,
Others are Ministry of Interior,
N4.5million, Fiscal Responsibility Commission N5.7 million, Niger Delta
Ministry, N5.9 million and Defence which has N6.9million. This amounted to
N101.5million.
However, the National Emergency
Agency (NEMA) whose emergency readiness has been suspect has as much as
N193million unused capital budget.
Out of the total releases which
stood at N266 million, only N72.5 million was utilized leaving a balance of
N193.5 million at a time the agency’s air ambulance and rescue helicopters were
grounded over expired insurance policy that cost between N20million and N17
million for the two aircraft respectively.
The document also revealed that
the National Pension Commission (PENCOM) did not utilize the entire N375
million released to it for capital project while the National Hajj Commission
of Nigeria (NAHCON) also failed to use its allocation of N298 million.
The execution of the 2017 budget
was also adversely impacted by the late passage of the Budget as well as the shortfall
in the expected oil and non-oil revenue receipts.
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So we have this amount of unused cash and we have so much problems unattended to... Obviously we lack Ideas in this country. Why will ministry of Works, Power and Housing be proud of returning over 66 Billion?
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