In the approved 2024 budget, the Ministry of Defence secured the highest allocation of N1.3 trillion. This development follows the passing of an augmented appropriation bill by both chambers of the National Assembly, reflecting an increase of N1.2 trillion over the budget initially submitted by President Bola Tinubu.
Abubakar Bichi, Chairman of the House Committee on Appropriation, addressed reporters at the conclusion of a special session on Saturday, attributing the additional funds to inflation and assurances from Government Owned Enterprises (GOEs) to enhance their revenue streams.
The breakdown of the approved budget reveals the following allocations:
- Ministry of Defence: N1.3 trillion
- Ministry of Police Affairs: N869.121 billion
- Ministry of Education: N857.134 billion
- Ministry of Health and Social Welfare: N667.577 billion
- Ministry of Interior: N362.552 billion
- Ministry of Youths: N201.467 billion
- Office of the National Security Adviser: N199.763 billion
- Ministry of Foreign Affairs: N140.456 billion
- Ministry of Agriculture and Food Security: N110.248 billion
- Office of the Secretary to the Government of the Federation: N100.248 billion
- Presidency: N97.913 billion
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This allocation distribution underscores the prioritization of key sectors and entities within the national framework, with the Ministry of Defence leading in financial allocation.
