The State House allocates N15bn for vehicle upkeep and office upgrades
Posted by badgeBusayo on 0

The State House has allocated N15.09 billion for the purchase of tyres for bulletproof vehicles, SUVs, operational vehicles, and plain cars, along with the construction of an office complex for Special Advisers and Senior Special Assistants. This allocation is part of the 2025 Appropriation Bill, which outlines a range of expenditures for the year ahead. In addition to this, the proposal includes N5.49 billion earmarked for the annual maintenance of the Presidential Villa.

Telegram Link Join Now Join Now
DOWNLOAD MP3 SONG
SureToBet Predictions

These details were disclosed in the 2025 Appropriation Bill, which was released by the Budget Office of the Federation on Thursday. The bill, which was presented by President Bola Tinubu during a joint session of the National Assembly on Wednesday, highlights the government's ambitious spending plans for the upcoming year.

According to reports from PUNCH Online, the budget is titled “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” with a total proposed spending of N49.70 trillion. The primary focus areas outlined in the budget include defence, infrastructure, and human capital development. A significant part of the budget—N13.39 trillion—is to be financed through borrowing, which underscores the need for funding across various sectors of the economy.

During his address to the National Assembly, President Tinubu emphasized his administration’s commitment to strengthening national security and rebuilding the nation’s infrastructure. He outlined how the government plans to invest heavily in these areas to ensure long-term growth and stability for the country.

Within the budget, the State House—serving as the administrative center for the executive branch—has detailed its planned expenditures. Among the allocations, N164 million is designated for purchasing tyres for various vehicles, including bulletproof vehicles, jeeps, platform trucks, and other operational vehicles crucial for the daily functioning of the office.

Additionally, N1.1 billion is allocated for the replacement of aging SUVs, while N3.66 billion will go towards acquiring new operational vehicles for the State House. The budget also specifies that N127.86 million will be spent on acquiring SUVs for both the President and Vice President, a vital element of their transportation requirements under the office of the President.

The document also makes provisions for purchasing vehicles under other significant offices. A total of N285 million has been earmarked for vehicle acquisition under the Chief of Staff’s office, while the Chief Security Officer to the President will receive N179.63 million for the purchase of security and operational vehicles necessary to ensure the safety of the President and key members of the executive branch.

In addition to these vehicle-related expenses, the budget allocates N2.12 billion for honorarium and sitting allowances. Furthermore, N1.83 billion has been proposed for the construction of an office complex specifically for Special Advisers and Senior Special Assistants, which will aid in facilitating their work within the government.

Earlier reports have also highlighted that the 2025 Appropriation Bill includes a proposed N4.91 trillion allocation for defense and security, reflecting the government’s priority to bolster national security. A further N4.06 trillion is earmarked for key infrastructure projects, such as the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Highway, both of which are crucial to improving the country’s transportation networks.

Moreover, substantial allocations have been made for education and healthcare. The education sector is set to receive N3.52 trillion, which includes funding for Universal Basic Education and the establishment of nine new higher institutions. The health sector is allocated N2.48 trillion, intended to enhance the country's healthcare systems and provide essential medicines to public hospitals.

The budget is based on key economic assumptions, including a projected decrease in inflation from the current rate of 34.6% to 15%, and an improvement in the naira exchange rate, which is expected to strengthen from N1,700/$1 to N1,500/$1. These assumptions reflect the government's efforts to stabilize the economy and make strides toward achieving fiscal responsibility and sustainable growth.

Bola Tinubu