In a surprising fiscal revelation, twelve Federal Government agencies and thirteen ministries are set to unleash a staggering N85 billion on vehicle acquisitions in the upcoming year.
substantial sum eclipses the combined budgets of prominent institutions like Nnamdi Azikwe University Teaching Hospital (NAUTH), Nnewi (N37.6bn), University College Hospital, Ibadan (N27.2bn), and Obafemi Awolowo University Teaching Hospital (OAUTH), Ife (N19.9bn).
The breakdown of the anticipated expenditure reveals eye-catching figures: The Ministry of Education takes the lead with a jaw-dropping N17.7bn earmarked for vehicles, followed by the Ministry of Defence at N9.04bn, the Presidency at N8.04bn, the Ministry of Health at N7.4bn, the Ministry of Police Affairs at N4.95bn, and the Ministry of Interior at N4.50bn.
Noteworthy allocations also include the Ministry of Justice (N4.43bn), Ministry of Works (N3.71bn), National Security Adviser (N2.56bn), and Secretary to the Government of the Federation (N1.94bn).
Further down the list, the Ministry of Education headquarters is set to spend N6.92bn, State House HQ allocates N6.35bn, Police Formations & Com earmarks N4.11bn, the National Drug Law Enforcement Agency (NDLEA) budgets N3.63bn, and the Ministry of Works headquarters allocates N3.62bn. The Nigerian Army follows closely with N3.18bn, while the Nigerian Immigration, Directorate of State Security, and Nigerian Railway Corp allot N2.23bn, N1.94bn, and N1.78bn, respectively.
Rounding off the allocations are the Ministry of Health HQ at N1.74bn, Ministry of Housing HQ at N1.66bn, Nigerian Airforce at N1.50bn, National Rural Electrification Agency at N1.50bn, Ministry of Solid Minerals at N1.41bn, and the Nigerian Navy at N1.35bn. This unprecedented financial commitment towards vehicular assets is poised to set a new benchmark in government spending.
