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Power and works tops second quarter capital disbursement

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Minister of Works, Power and Housing Babatunde Fashola

Minister of Works, Power and Housing Babatunde Fashola

• Gets N117bn

The Federal Government has continued to fund the capital aspect of the 2016 budget to provide immediate and long-term reprieve from the effects of economic recession.

Strategic funding of the key sectors such as power, Works and Housing, Agriculture, and Water, among others, government said is to assuage the effects of recession and boost production.

According to a breakdown of expenditures from July 2016, obtained by The Guardian in Abuja, yesterday, the Ministry of Power, Works and Housing received the highest so far, because of the cross cutting values of roads, electricity and power generation purposes under the ministry.

Power generation and distribution, steady and affordable electricity supply, as well as good road networks are among the targets of the Buhari-led administration, in an effort to jump-start the economy.

The breakdown showed that Power, Works and Housing got N117, 953, 721, 264bn, followed by Defence and Security, which received N51, 187, 529, 684bn.

Others are Transportation, which was allocated N23, 598, 279, 684bn for the purposes of building new rail infrastructure across the country under the rail transportation modernisation programme of the Federal Government.

Agriculture was allocated N23bn, while special intervention programme received N15, 000, 000.000bn.This is followed by Niger Delta with N8, 271,196, 470bn. Water Resources received N25bn, to partner with Agric in building clean water infrastructure and modern irrigation systems, as well as to boost agriculture in selected arable lands in the country.

Also, the Presidential Intervention for the Northeast got N3, 476, 768, 138bn, while Education, as at July got N1, 125, 411, 536bn. The share of capital statutory transfers was N78, 152, 951, 234bn.

Meanwhile, under an MOU signed between the Federal Government and contractors, no fewer than seven major contractors have been mobilised to return to site.

These are RCC, CCECC, Julius Berger, PW, MOTHERCAT, BORINNI and PRONO, among others. They are handling key infrastructure projects at different locations, such as, roads, rail, power, airport and ports, among others.


In this article:
CCECCJulius BergerRCC
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4 Comments
  • Anne Mumuney

    Again and again we see that funds are allocated. It would be wonderful to see exactly what projects are being funded from what sources, and to be completed within what time frame, and by which contractors at what cost, and to see side by side the completed projects, and the final cost and time of completion and reasons for variations between the budgeted cost and time frame. I would love to see these statistics being released for not only government spending but alleged constituency projects. This is our money, people. Let’s make them accountable for how they spend it. A bag of rice, or N5,000 has no impact on your life, no matter how poor you are. But a hospital in your village with access to medication and health workers, a school, electricity, these will impact on you and your family directly. For 55 years we have spent more than some developed nations revenue, and still remain one of the poorest countries in the world. Only accountabilty and transparency in government spending can change it

    • Jacob Atang

      I agree with you. Let us demand for detail accountability. All the agitations from various sections of the country are all due to misuse of resources from our leaders. If resources are apply well a far greater percentage of Nigerians will smile and complaints will go down. Those stealing our common resources use religion and ethnicity to devide us while when is time to steal the bury the two issues.

      • Basil Ogbanufe

        If you were not willing to ask for academic certification which “detailed accountability” do you want? Also, we are not a people, were never a people and certainly, not working (and not walking) towards being a people.

    • Basil Ogbanufe

      I don’t think it’s by shouting and noisemaking that any one is held accountable, but by following laid down procedures. Buhari doesn’t believe he owes us any explanation for his academic certificates. I think something must be wrong with us to think of holding him accountable.