30.2 C
Lagos
Friday, January 27, 2023

Humanitarian Minister Presents 2023 Budget Proposal To Senate Committee On Special Duties

Must read

Newborn ‘Fighting For Life’ After Dad Shoots Pregnant Mum Dead

A newborn is in critical condition after being born shortly before his due date after his mother was shot and killed by the baby’s...

Controversial Australian Cardinal, Pell, Dies 81

An Australian Cardinal and adviser to Pope Francis, Cardinal George Pell, has died aged 81. Pell died due to complications from hip surgery on Tuesday,...

CBN Cash Withdrawal Limit Begins Today

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that...

College of Health Technology Student Arrested For Hacking Cousin To Death In Adamawa

The Adamawa State Police Command has arrested a student of the College of Health Technology Mubi, Adamawa state, Komi Yusuf, for matcheting his cousin...
Fakayejo Paul
Fakayejo Paul Adeluyi also Known as Paulchesky Darey . A Content Creator at Montorox Communication Limited. An Engineer || Writer || Researcher || Social Media Manager || Football Expert || Die - Hard Arsenal Fan. Yoruba Boy With Igbo Sense and Hausa Look.

The Honourable Minister, Ministry of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has presented the Ministry’s 2023 budget estimates to the Senate Committee on Special Duties at National Assembly, Abuja.

The Minister who was accompanied by the Permanent Secretary and Directors of the Ministry during the budget defense stated that the total sum of N35,595,233,430.00 only was allocated to the Ministry’s Headquarters in the 2022 appropriation Act. The budget comprises a total recurrent expenditure of N1,073,705,755.00 only and a total capital allocation of N34,510,760,413.00.

On the performance of the 2022 budget, the Minister revealed that total sum of N291,652,083.36 only or 58.3% of the total overhead expenditure was released as at 30th September 2022 while the sum of N810,565,093.45 or 48.00% was released for Capital Expenditure for the same period.
She further disclosed that the total sum of N288,041,185.32 or 98.76% of the total amount released for overhead cost was utilized and committed, while 99% of the total Capital releases or the sum of N1,799,286,437.81 only was utilized and committed to finance capital projects of the Ministry.

On the 2023 budget estimate, the Ministry’s 2023 overhead ceilings was increased from the sum of N499,975,000 in 2022 to the sum of N512,474,375 in 2023. This represents a 7% increase over that of 2022; to cushion the effect of inflation.

Farouq, said It is pertinent to note that the 7% increase in the overhead ceiling is not commensurate to the 20.77% inflationary rate in the economy, conversely, the capital budget ceiling was reduced from the sum of N3,749,510,414.00 to N1,083,017,733 which represents 71% reduction in the 2022 capital budget.

She said; “it is pertinent to note that the 71% reduction in Capital and 7% paltry increase in Overhead is grossly inadequate to run its day-to-day operations.”

She added that for the Ministry to have seamless operations and accomplish its mandate which is very critical to overall National Development, the Ministry is requesting for an increase/upward review of its Capital and Overheads.

Earlier in his remark, the Chairman, Senate Committee on Special Duties, Senator Yusuf Yusuf, on behalf of the members of the Committee thanked the Minister and her team for the 2022 budget performance and also urged the Ministry to redouble its efforts in carrying out its humanitarian programmes and interventions in the Country.

In attendance were the Permanent Secretary, Dr. Nasir Sani-Gwarzo, mni, NPOM, and the Directors of the Ministry.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

Newborn ‘Fighting For Life’ After Dad Shoots Pregnant Mum Dead

A newborn is in critical condition after being born shortly before his due date after his mother was shot and killed by the baby’s...

Controversial Australian Cardinal, Pell, Dies 81

An Australian Cardinal and adviser to Pope Francis, Cardinal George Pell, has died aged 81. Pell died due to complications from hip surgery on Tuesday,...

CBN Cash Withdrawal Limit Begins Today

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that...

College of Health Technology Student Arrested For Hacking Cousin To Death In Adamawa

The Adamawa State Police Command has arrested a student of the College of Health Technology Mubi, Adamawa state, Komi Yusuf, for matcheting his cousin...

Edo Train Abduction: One Suspect Arrested — Government says

The Edo State Government on Sunday announced that one suspect had been arrested in connection with the Saturday evening adduction of train passengers at...