Highest Allocation Goes To Fashola’s Ministry – 2018 Budget

The Federal Government of Nigeria has proposed a budget of N555.88 billion for the minister of power, works and Housing in the 2018 budget.

The ministry is headed by Babatunde Raji Fashola.

Buhari disclosed this while presenting the 2018 budget at the National Assembly on Tuesday.

Buhari also added, “To consolidate on the momentum of the 2017 Budget’s implementation, many ongoing capital projects have been provided for in the 2018 Budget. This is in line with out commitment to appropriately fund ongoing capital projects to completion.

“By allocating 30.8 percent of the 2018 Budget to capital expenditure, the Federal Government is also demonstrating its strong commitment to investing in critical infrastructure capable of spurring growth and creating jobs in the Nigeria economy.

“As I had previously indicated, we aim to consolidate on our achievements in 2017.

“We shall meet our counterpart funding obligations. We shall complete all ongoing projects. And we shall carry forward all strategic projects that were budgeted for but which we were unable to kick start due to liquidity challenges, late passage of the budget, prolonged contractual negotiations, and other matters.”

Some other parts of the 2018 Budget presented.

Interior will get N510.87bn, while education will get N435.01bn

Others include, N422.43 billion for Defence; N269.34 billion for Health, Transportation: N263.10 billion; Agriculture and Rural Development N118.98 billion; Water Resources: N95.11 billion; Industry, Trade and investment: N82.92 billion.

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