Global Upfront Newspapers
Cover News

2023 Budget: Defence Sector Gets Top Priority With N1.55 Trillion Allocated To Defence Ministry, Army, Navy, Air Force

President Muhammadu Buhari has budgetted a sum of N1.55 trillion for the Armed Forces of Nigeria in the 2023 budget presented to the National Assembly last Friday.

A breakdown of the appropriation shows that N917.55billion will be expended on personnel costs; N78.53billion on overhead cost, while the sum of over N297 billion will be spent on capital projects.

Speaking while presenting the budget to the joint session of the National Assembly, President Buhari said “the Government remains firmly committed to the security of life, property and investment across the country. Accordingly, defence and internal security continue to be accorded top priority in 2023.

“Current efforts to properly equip and motivate our valiant personnel in the armed forces, police and paramilitary units will be sustained.

“I assure you, insecurity, especially banditry and kidnapping, will be significantly curtailed before the end of this Administration. We will redouble our efforts to ensure we leave a legacy of a peaceful, prosperous and secured nation.”

The budget estimates shows that the total cost is to be spend by the Ministry of Defence, Defence Headquarters and the three Services – Army, Navy and Air Force, including all the tri-Service and Service institutions.

For the Ministry of Defence, the sum of over N21billion is allocated with N6.23billion earmarked for personnel costs, N1.54billion allocated for overhead and N11.15billion allocated for capital expenditure.

The Defence headquarters is allocated N80.93billion, with N15.48billion earmarked for personnel costs, N2.15billion for overhead and N3.31billion for capital expenditure.

The Nigerian Army is allocated the sum of N580billion, with personnel costs taking over N530billion; overhead N20.53billion; and captal expenditure, N29.87billion.

The Nigerian Navy was allocated N113billion, with N108billion allocated for personnel costs, N14.24billion for overhead cost and N50.61billion for capital expenditure.

The Nigerian Air Force was allocated a total of N184.77billion, with personnel costs getting N103.78billion; overhead, N15.35billion; and capital expenditure, N65.64billion.

The Nigerian Defence Academy is allocated the sum of N21.38billion, with personnel cost gulping N14.74billion; overhead, N3.30billion; and capital expenditure, N9.92billion.

The Nigerian Armed Forces Command and Staff College, AFCSC, is allocated N9.92billion, with personnel costs getting N4.79billion; overhead cost, N3.67billion; and capital expenditure N1.45billion.

The National Defence College was allocated N14.37billion, with personnel costs getting N4.44billion; overhead cost, N4.75billion; and capital expenditure, N5.17billion.

The Armed Forces Resettlement Centre, Lagos is allocated N6.27billion, with personnel cost getting N3.93billion; overhead costs, N555.85million; and capital cost, N1.78billion.

 The Defence Intelligence Agency was allocated N33.30billion, with personnel cost getting over N16billion; overhead cost, N5.30billion; and capital cost, N11.90billion.

The Defence Industries Corporation (DICON) is allocated N3.55billion, with personnel cost getting N1.41billion; overhead cost, N161.92million; and capital expenditure, N1.78billion.

For Nigeria’s Defence Missions abroad, the sum of N22.98billion was allocated, with personnel cost gulping N15.51billion; overhead cost, over N5billion; and capital expenditure, N2.83billion.

Advertize With Us

See Also

INEC Presents Certificates of Return To Tinubu, Shettima

Global Upfront

Nigeria: 4 Gunmen Killed During Attack at Neni, Ekwulobia Anambra State Police Stations

Global Upfront

Angola legalises same-sex marriage as US continues push for LGBTQ rights worldwide

Global Upfront

Nigeria records 36,663 confirmed cases with 556 new infections

Global Upfront

How U.S.-based Nigerian Obinna Igbokwe Fatally Shot His Wife And In-law, Drops 3-month-old Son In Hotel And Committed Suicide

Global Upfront

Deborah Samuel, Spectral Evidence And Death For Religious Offences

Global Upfront

China flexes muscle, conducts combat military readiness drill after U.S. Congressional delegation arrives in Taiwan

Global Upfront

“America Cannot Ignore Africa,” US AFRICOM Commander Tells US Congress

Global Upfront

At Least 21 Killed In Nigeria’s Electoral Violence, Says EU Observer

Global Upfront

U.S.: 71-year-old Author Of ‘How To Murder Your Husband’ Gets Life Sentence For Killing Her Husband

Global Upfront

This website uses Cookies to improve User experience. We assume this is OK...If not, please opt-out! Accept Read More