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The Federal Government of Nigeria

FG earmarks N104bn to purchase, maintain generators in 2022
 
By: Morolake Kolade
Tue, 19 Oct 2021   ||   Nigeria,
 

TUESDAY, 19th October, 2021: Ministries, Departments and Agencies of the Federal Government has estimated to spend N104bn in 2022 on the purchase of generators, fueling and servicing them.
It was gathered that the N104bn to be spent on purchase and maintenance of generators due to the country's unstable power supply exceeded the Internally Generated Revenue of about 24 states of the federation. 
The details of these were contained in the 2022 budget proposal which has yet to be approved by the National Assembly.
A review of the budget shows that the Federal Ministry of Finance, Budget and National planning which is headed by Zainab Ahmed takes a chunk of 80% of the budget as the ministry set aside N82.03bn for its generators.
The item under the heading, ‘Purchase of Fixed Assets- General’ reads, “Purchase of power generating set 82,030,000,000.”
As of press time, the Spokesman for the Finance Ministry, Yunusa Abdullahi, had yet to respond to an inquiry on why the budget for generators for the ministry is very high.
Meanwhile, a further analysis of the budget showed that among the agencies, the Federal Inland Revenue Service has the highest budget for generators.
The agency earmarked N250m for maintenance, N1bn for fueling the generators and N550m for purchasing new ones, given a total of N1.8bn.
The Nigerian Army has the second highest budget for generators having earmarked N971.7m for generator fuel alone. The Nigerian Maritime Administration and Safety Agency has the third highest budget for generators at N946m.
The Department of Petroleum Resources set aside N118.7m for maintenance, N666.8m for generator fuel and N120m for the purchase of generators in its offices in Sokoto, Kano, Makurdi, Yenagoa, Ilorin and Umuahia, bringing it to a total of N905.5m.
The agency with the 5th largest generator budget is the Nigerian Ports Authority which set aside N798.2m for the maintenance and purchase of generators.
The Nigeria Deposit Insurance Commission budgeted N470m for the maintenance of a generator plant and N262.11m for the procurement of a generator, given a total sum of N732.1m.
The Federal Road Safety Corps amongst others set aside N529.3m for maintenance, fuel and purchase of generators.


 

 

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