The shortfall, the DISCOs argue, was as a result of the government not allowing a review of electricity tariff since 2016.
Out of the total N13.08 trillion expenditure outlay in the 2021 Budget presented by President Muhammadu Buhari to the joint session of the National Assembly last Thursday, N3.124 trillion has been set aside for debt servicing and N5.65 trillion for non-debt recurrent costs. While the Debt Management Office was allocated about N3.35 trillion for overheads, or over 62 per cent of the total budgetary allocation for the entire ministry, 43 Federal Pay Offices and the Federal Treasury Academy, Orozo, got N96.12 million for Overheads.
The NBET got an allocation of N152.42 billion as capital for the settlement of accumulated deficit commitments under the Power Sector Reform Programme.gathered that apart from N220 billion expected to go into the Sinking Fund, about N3.12 trillion would be for public debt charges, consisting N2.18 trillion for interest on internal public debts and N940.89billion for interest on external public debts.
The Presidential Amnesty Programme was allocated N65 billion, while Operation Lafiya Dole and other contingency operations of the armed forces were allocated N100 billion.The Presidential Enabling Business Environment Council was allocated N1 billion; refund to the Asset Management Company of Nigeria N16.7 billion; refund for the acquisition of Yola DISCO N16.
Bubu girlfriend getting her share
Dr Beko Ransome-Kuti. The reason preventing every Nigerian to be on the street is....
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