FG budgets N104bn to maintain, purchase generators in 2022
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed.
Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them.
The N104bn which will be spent on generators due to the country’s unstable power supply exceeds the Internally Generated Revenue of about 24 states of the federation.
The details are contained in the 2022 budget proposal which has yet to be approved by the National Assembly.
Reports show the figure may be higher as about 15 agencies including the Joint Admissions and Matriculation Board, Federal Mortgage Bank of Nigeria, the Independent National Electoral Commission, National Information Technology Agency, National Pension Commission, Nigeria Customs Service, Central Bank of Nigeria, National Examination Council, Central Bank of Nigeria and others did not indicate their generator budgets.
A review of the budget shows that the Federal Ministry of Finance, Budget and National Planning headed by Zainab Ahmed, takes the lion’s share of 80 per cent for generators as the ministry set aside N82.03bn.
The item under the heading, ‘Purchase of Fixed Assets- General’ reads, “Purchase of power generating set 82,030,000,000.”
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