President Muhammadu Buhari and some ministers have returned the sum of N118 billion to the national treasury as unused capital budget for the 2017 fiscal year

This amount represents 8.1 percent of N1.4 trillion which was the total capital budget released and almost four times the size of Federal Capital Territory Administration (FCTA) budget in 2017, which was N30.3billion.

Out of the N10.9billion released to the presidency as its capital budget, only N10.7 billion was utilised leaving a total of N200million as unused which was returned to the treasury according to the document.

According to a document titled, “2017 capital performance for ministries, departments and agencies (MDAs) as at June 12, 2018” obtained from office of the Accountant-General of the Federation, Mr. Babatunde Fashola of the Ministry of Works, Power and Housing topped the list of Ministers with highest amount of capital budget balance returned to the government coffer.

While Ministries of Works, Power and Housing has N66.9billion, Ministry of Trade and Investment returned N22.8 billion as unused capital budget.
Other ministries and agencies of the Federal Government in the category of top ten unused capital budget include, Office of the National Security Adviser with N6.1billion, Ministry of Finance, N4.3billion, Ministry of Health N3.5billion, office of the Secretary to the Government of the Federation N3 billion.

Also, Ministry of Education has N1.8b, while Ministry of Solid Minerals and Water Resources with N1.4b and N1.1b respectively.

The National Population Commission (NPC) has N33.4 million, Ministry of Environment with N24.8 million and Head of Service, N13.1 million.

The Ministry of Youth Development has N1.9 million followed by Ministry of Foreign Affairs which has N2.5 million and Ministry of Labour and Employment that has N3.2million,

Others are Ministry of Interior, N4.5million, Fiscal Responsibility Commission N5.7 million, Niger Delta Ministry, N5.9 million and Defence which has N6.9million. This amounted to N101.5million.
However, the National Emergency Agency (NEMA) whose emergency readiness has been suspect has as much as N193million unused capital budget.

Out of the total releases which stood at N266 million, only N72.5 million was utilized leaving a balance of N193.5 million at a time the agency’s air ambulance and rescue helicopters were grounded over expired insurance policy that cost between N20million and N17 million for the two aircraft respectively.

The document also revealed that the National Pension Commission (PENCOM) did not utilize the entire N375 million released to it for capital project while the National Hajj Commission of Nigeria (NAHCON) also failed to use its allocation of N298 million.

DAILY POST reports that the execution of the 2017 budget was also adversely impacted by the late passage of the Budget as well as the shortfall in the expected oil and non-oil revenue receipts.

By Dotun Roy is a development driven news website with the overall goal of amplifying, promoting and advocating for positive societal change through Sustainable Development advocacy in line with UN SDGs components such as education, environmental sustainability and Climate Change, Human Rights, health, finance, housing, good governance as well as security in Nigeria and across the world.

64 thought on “Unused N118 Billion of 2017 Budget returned by President Buhari, Ministers”
  1. I truly got into this post. I found it very interesting and loaded with unique points of interest. I like to read material that makes me wonder. ThanksThank you for writing this great content.

  2. Pretty section of content. I just stumbled upon your blog
    and in accession capital to assert that I get actually
    enjoyed account your blog posts. Any way I’ll be subscribing to
    your feeds and even I achievement you access consistently

  3. of course like your web site but you need to take a look at the spelling on quite a few of your posts.
    A number of them are rife with spelling issues and I in finding it very bothersome to inform the reality on the other hand I’ll surely
    come back again.

  4. You could certainly see your skills in the work you write.
    The world hopes for more passionate writers like you who aren’t afraid to mention how they believe.
    All the time go after your heart.

  5. Incredible! This blog looks just like my old one!
    It’s on a totally different subject but it has pretty much the same layout and design. Outstanding choice of colors!

  6. Hello there! This is kind of off topic but I need some guidance from an established blog.
    Is it tough to set up your own blog? I’m not very techincal but I can figure
    things out pretty quick. I’m thinking about creating my own but I’m not sure where to
    begin. Do you have any ideas or suggestions? Appreciate it

  7. Thanks for the good writeup. It in truth was once a entertainment account it.

    Look advanced to far brought agreeable from you! However, how could we

  8. Hello there! I know this is kinda off topic however I’d figured I’d ask.
    Would you be interested in trading links or maybe guest writing a blog article or vice-versa?
    My website addresses a lot of the same subjects as yours and I believe we
    could greatly benefit from each other. If you’re interested feel free to shoot me an email.
    I look forward to hearing from you! Excellent blog by the

  9. Someone necessarily help to make significantly posts I’d state.
    That is the very first time I frequented your website page
    and up to now? I surprised with the analysis you
    made to make this particular publish extraordinary. Magnificent process!

  10. Please let me know if you’re looking for a article author for
    your blog. You have some really good posts and I believe I
    would be a good asset. If you ever want to take
    some of the load off, I’d absolutely love to write some articles for your
    blog in exchange for a link back to mine. Please shoot me an email if interested.
    Thank you! natalielise plenty of fish

  11. Very nice post. I just stumbled upon your blog and wished to say that I’ve truly enjoyed surfing around your
    blog posts. After all I will be subscribing to your rss feed and I hope you
    write again very soon!

  12. You actually make it seem so easy with your presentation but I find this
    matter to be actually something which I think I would never understand.
    It seems too complex and very broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

  13. [url=]489[/url], [url=]934[/url], [url=]499[/url], [url=]930[/url], [url=]938[/url], [url=]653[/url], [url=]772[/url], [url=]670[/url], [url=]541[/url], [url=]11[/url]

  14. Right here is the perfect webpage for anyone who wishes to find out about this
    topic. You realize a whole lot its almost hard to argue with you (not that I actually would want to…HaHa).
    You certainly put a new spin on a topic that has been written about for
    decades. Great stuff, just wonderful!

  15. Thank you, I’ve just been searching for info about this topic for
    ages and yours is the best I’ve came upon till now.

    But, what about the bottom line? Are you sure in regards to the supply?

  16. I was curious if you ever considered changing the
    structure of your website? Its very well written; I love what
    youve got to say. But maybe you could a little more in the way of content so people could connect with it better.
    Youve got an awful lot of text for only having one or two pictures.
    Maybe you could space it out better?

  17. Hey just wanted to give you a quick heads up. The words in your
    article seem to be running off the screen in Opera.
    I’m not sure if this is a formatting issue or something to do with web browser compatibility but I figured I’d
    post to let you know. The design and style look great
    though! Hope you get the issue resolved soon. Thanks

  18. I was curious if you ever thought of changing the page
    layout of your blog? Its very well written; I love what
    youve got to say. But maybe you could a little more in the
    way of content so people could connect with it better. Youve got an awful lot
    of text for only having one or two pictures. Maybe you could
    space it out better?

  19. I think this is one of the most vital info for me.

    And i’m glad reading your article. But want to remark on some general
    things, The website style is wonderful, the articles is really excellent : D.
    Good job, cheers

Leave a Reply

Your email address will not be published.

Social Media Auto Publish Powered By :

Enjoy this blog? Please spread the word :)