Buhari To Spend N4.8bn To Maintain Aso Rock In 2018
Aso Rock is the seat of power in Nigeria. As such, maintaining it expectedly takes up a sizeable amount of the nation's budget.
In 2018, that maintenance figure is set to total N4.86bn.
The budgeted amount for next year when compared to the N4.95bn allocated for annual routine maintenance of villa facilities in the 2017 budget represents a decline of about N90m.
In the 2016 budget, the sum of N3.91bn was allocated for annual routine maintenance of the Presidential Villa by the Federal Government.
The N4.86bn amount for this year is part of the N11.54bn total allocation made for the state house headquarters in the proposed 2018 budget.
The State House has a total capital allocation of N7.1bn while recurrent expenditure was estimated at N4.43bn
In 2017, the state house had a budget of N11.02bm made up of N6.52bn for capital project while recurrent expenditure was estimated at N4.49bn.
The 2018 budget was submitted last Tuesday to a joint session of the National Assembly by President Muhammadu Buhari.
It has a total allocation of N8.61tn made up of N3.49tn for recurrent, N2.43tn for capital while debt servicing and statutory transfers among others are to gulp the sum of N2.01tn and N456bn respectively.
A breakdown of the state house budget shows that apart from the N4.86bn for annual maintenance, there are outstanding liabilities of N565.65m for routine maintenance for 2016.
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