Featured
Amaechi proposes Capital Budget Of N205bn For 2021
Joel Ajayi
The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi has proposed the total sum of N205,161,882,492 as the Captain budget for the year 2021.
Amaechi, making his presentation before the Joint Committee of the Senate and House of Representatives on Land and Marine Transport said that the proposal was represented to enable the ministry to make significant progress on all the ongoing projects.
He said that out of the N205billion, land transport has N204billion while Marine transport has a total of N845million with an overhead cost of N358million for 2021.
“The total Capital Appropriation of the ministry for 2020 is N70,365,081,808, Land has N69,667,177,564, Marine N697,904,244 out of which N36,018,702,122 representing 51.49 percent has been released to date with Land having N35,928,905,544.77 and Marine with N89,796,577.50 has been utilized as at November 2, 2020.
“In addition, the sum of N245,494,182.42 was appropriated for overhead expenditure out of which N176,926,909.26 was released, the sum of N157,956,153.18 of the released amount was expended as at Oct 28, 2020.
“The ministry is proposing a total capital budget of N205,161,882,492 with Land transport estimates is N204,316,793,527, Marine transport estimates N845,088,965 with the overhead of N358,799,999 in the 2021 budget which is before you for consideration.
” The aims and objectives of these proposals are to make significant progress on all ongoing projects and to complete and deliver modern railway services that would provide an efficient and cost-effective alternative transport system for economic growth and creation of job opportunities for the citizenry.”
According to him, the Nigerian Institute of Transport Technology (NITT)Zaria and Nigeria Railway Corporation (NRC) is fully funded from the national budget while NIWA, Maritime Academy, and CRFFN derive their funding from both the national budget as well as the Internally Generated Revenues (IGR).
He, however, stated that three of the agencies under the ministry, namely NPA, NIMASA, and NSC are fully self-funding and make reasonable remittances to the consolidated revenue fund.
He said that the major role of the ministry in the marine transport sector is to oversee the monitoring of the implementation of government policies for the sub-sector which are largely carried out by the agencies.
Amaechi said that the budget proposal has presented amounts required for completion of some of the projects by the year 2021 while others may span up to 2022.
He said that the ministry is focused majorly on completing the ongoing National Freight Offices at Illela, Jibiya, and Idiroko in addition to other Land transport projects in 2021
Featured
CSO Salutes Trump
A Civil Society Organization (CSO) under the aegis of Initiative for Leadership Development and Change (ILDC) has congratulated President Donald Trump as the 47th President of the United States of America.
Chief Ugochukwu Nnam, President of the CSO said this in an interview with the Newsmen in Abuja on Monday.
He expressed optimism over improvement on not just American economy but global economy with the inauguration of Trump.
“This is a man with greater vision of making environment around him great.
“In less than few hours of his inauguration, TikTok is back into existence, this shows how he is going to revive the world economy,” he said.
The ILDC boss who reiterated his confidence in Trump’s Presidency, described him as a man of clues and ideas to drive a stable America and the world at large.
He lauded Trump’s collaboration with global entrepreneurs like Elon Musk in an effort to revitalize America’s economy.
According to him, men and women of ideas flock together, they work together for better society and this is what Trump is doing.
Recall that Donald Trump became the 47th President of the U.S by polling 312 electoral votes Vice President Kamala Harris’ 226 votes in Nov, 2024.
Following the oath of office, Trump will address the nation before he is expected to parade across town to the White House and attend three inaugural balls in the evening
About 200,000 supporters are expected to visit the city to mark the presidential transfer of power.
-
Featured6 years agoLampard Names New Chelsea Manager
-
Featured5 years agoFG To Extends Lockdown In FCT, Lagos Ogun states For 7days
-
Featured6 years agoNYSC Dismisses Report Of DG’s Plan To Islamize Benue Orientation Camp
-
Featured5 years agoChildren Custody: Court Adjourns Mike Ezuruonye, Wife’s Case To April 7
-
Featured3 years agoTransfer Saga: How Mikel Obi Refused to compensate me After I Linked Him Worth $4m Deal In Kuwait SC – Okafor
-
Sports2 years ago
TINUBU LAMBAST DELE MOMODU
-
News1 month agoZulu to Super Eagles B team, President Tinubu is happy with you
-
Featured5 years ago
Board urges FG to establish one-stop rehabilitation centres in 6 geopolitical zones
