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2016 BUDGET| FCT Emerges as Highest Beneficiary of Capital projects

by on June 10, 2016
 

The North Central region will receive the sum of N271.79 billion for the implementation of capital projects, according to the breakdown of the 2016 Appropriations Act signed into law by President Muhammadu Buhari.

Details of the capital allocation was contained in the National Assembly Budget and Research Office (NABRO) seen at the National Assembly by our Correspondent.
According to the document, Federal Capital Territory (FCT) emerged as the highest beneficiary of the capital projects with the sum of N209 billion (76.99%) compared with every region across the Federation; Nasarawa State got N14.75 billion (5.43%); Kwara State got N5.19%); Niger State got N12.59 billion (4.63%); Plateau State got N6.63 billion (2.44%); Benue got N7.46 billion (2.75%) while Kogi State got N7.25 billion (2.67%).
The North-West region of the Federation with capital allocation worth N73.7 billion for the implementation of 802 projects across the seven States within the region.
For the sum of N73.7 billion appropriated for the implementation of 802 ongoing and new projects in the seven states across the North West geopolitical zone, Kano State got N32.14 billion (43.61%) for 166 projects; Kaduna State got N19.82 billion (26.99%) for 292 projects while Katsina State got N9.52 billion (12.92%).
The sum of N3.56 billion (4.84%) goes to Jigawa State; N3.15 billion (4.28%) goes to Kebbi State; N2.53 billion for execution of 61 projects was allocated to Zamfara State while N2.97 billion (4.04%) goes to Sokoto State.
From the total sum of N48.97 billion for the South West region, Lagos State got the highest share allocation of N16.14 billion (32.95%); Oyo State got N12.28 billion (25.08%); Ogun State got N7.95 billion (16.23%); Osun State got N6.52 billion (13.30%); Ondo state got N3.77 billion (7.70%) while Ekiti State got N2.32 billion (4.74%) of the capital allocation for the year.
For the North East geopolitical zone of N46.69 billion for the execution of 454 ongoing and ew projects, Gombe State got N9.70 billion (21%); Taraba state got N9.23%); Bauchi State got N9.23 billion (20%); Yobe State got N6.99 billion (15%); Adamawa state got N5.98 billion (13%) while Borno State got N5.98 billion (12%).
The six South South states also got N35.31 billion for execution of 474 projects out of which 30 are ongoing projects, 438 are new projects while six are unidentified.
The breakdown shows that: Cross River state got N10.75 billion (30.46%); Delta State got N7.55 billion (21.38%); Akwa Ibom State got N1.92 billion (5.45%); Bayelsa State got N3.21 billion (9.08%); River state got N7.29 billion (20.66%) while Edo State got N4.58 billion (12.98%) of the total capital allocation.
From the total sum of N28.22 billion appropriated for the five States in the South East geopolitical zone, Abia State got N6.93 billion (24.55%); Anambra State got N3.02 billion (10.20%); Ebonyi state got N4.63 billion (16.41%); Enugu State got N10.15 billion (35.98%) while Imo State got N3.49 billion (12.36%).

 

Source: Business day

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  • The Republican
    June 10, 2016 at 1:17 pm

    Lets each of the state control their resource to developed in their own way, nigeria FG should stop using other state resource to furniture other state denying/living the original owner in hungry and suffer. imagine akwa-ibom state receiving the lowest #1.92bn an oil producing state for that matter, all governors from the south-south region should support the NDA position true federalism is the answer to nigeria peaceful/long time unity.

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