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The 5 ministries with the highest allocation in the MDAs Approved 2022 Budget for MDAs, namely, the Ministry of Finance, Budget and Planning, the Ministry of Defence, the Ministry of Education, the Ministry of Health, and the Ministry of Police Affairs are to receive 69% of the total MDAs budget allocation and 71% of the total budget for Personnel of MDAs
January 14th, 2022
The 5 ministries with the highest allocation in the MDAs Approved 2022 Budget for MDAs, namely, the Ministry of Finance, Budget and Planning, the Ministry of Defence, the Ministry of Education, the Ministry of Health, and the Ministry of Police Affairs are to receive 69% of the total MDAs budget allocation and 71% of the total budget for Personnel of MDAs
According to a copy of the 2022 Appropriation Bill As passed from the Budget Office, President Buhari signed the budget worth N17.13 trillion into law on the 31st December 2021.
“The 2022 Budget that I just signed into law provides for aggregate expenditures of N17.127 trillion, an increase of N735.85 billion over the initial Executive Proposal for a total expenditure of N16.391 trillion.”, the President noted.
The N17.13 trillion budget covers expenditures of the Federal Executive, Legislature, the National Judicial Council and other Agencies that draw on the consolidated revenue fund for their expenses.
However, the Federal Executive alone has budgeted to spend a total sum of N14.77 trillion via all the MDAs drawing their incomes directly from the Executive arm of the Government.
According to the MDAs Approved 2022 Budget details retrieved from the Budget Office, of this amount, N5.54 trillion is to defray overhead costs, N4.88 trillion is to cover personnel costs, and N4.35 is meant to be spent on capital projects.
ALLOCATION for ALL MDAs | % OF TOTAL BUDGET | |
OVERHEAD | 5,544,772,489,510 | 37.5% |
PERSONNEL | 4,876,590,113,752 | 33.0% |
CAPITAL | 4,351,472,328,889 | 29.5% |
TOTAL ALLOCATION | 14,772,834,932,151 | 100.0% |
Source: Budget Office; Dataplex; Dataphyte Research
Apart from these 5 ministries having the highest total budgetary allocations and receiving the highest incomes for their staff, 3 of them are also among the 5 ministries who share 96% of the total provision for overhead costs…
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