Budget!! FG To Spend This Large Sum On Generators In 2017 (See Details)

The Federal Government, its agencies, ministries and institutions will spend N8.4bn on the maintenance, fuelling and purchase of new generators in the 2017 fiscal year.

Out of the budgeted figure, the maintenance of generators will gulp N1.8bn; fuelling, N4.1bn; while the purchase of new generators will cost N2.5bn.

These figures are contained in the 2017 budget, which was submitted to a joint session of the National Assembly by President Muhammadu Buhari on December 14, 2016.

The N7.3tn budget has a total capital vote of N2.24tn, representing 30.7 per cent, while the recurrent component stood at N2.98tn with the rest allocated for debt servicing.

Among the big spenders on generators is the headquarters of the Ministry of Power, Works and Housing, which plans to spend N19.6m on maintenance, N16.3m on fuelling and N181.2m on the purchase of new generators.

Under the ministry, the Nigerian Electricity Regulatory Commission plans to purchase new generators at the cost of N50m.

Also among the big spenders, the headquarters of the Ministry of Finance proposes to spend N72m and N80m on the maintenance and fuelling of generators respectively.

The Ministry of Industry, Trade and Investment’s headquarters is to spend N9.4m on maintenance and N59.4m on fuelling.

The Nigerian Export Processing Zones Authority plans to spend N59.7m on the purchase of generators.