Business

Udoma gives breakdown of 2016 budget

BUDGET

Minister of Budget and National Planning, Senator Udoma Udo Udoma on Thursday gave the breakdown of the 2016 budget which was signed into law last week by President Muhammdu Buhari.

Below is the rundown of items and amounts to be spent as presented by Senator Udoma in Abuja:

a) Road and Bridge projects
Over 40 projects spread across the geo-political zones, including:
N13billion for dualisation of Kano-Maiduguri road (Section I-V)
N8.7billion Reconstruction and pavement strengthening of sections of Benin-Sagamu expressway
N14.2billion for the construction of Oju/Loko Oweto Bridge to link Loko and Oweto with approach Roads and Oshegbudu-Oweto road N13 billion for concession of 2nd Niger Bridge
N6billion for dualisation Odukpani-Itu-Ikot Ekpene road in Cross River and Akwa Ibom states.
N4.8 for rehabilitation of Ilorin-Jebba-Mokwa-Bokani road N8.8 billion for rehabilitation of Sokoto-Tambuwal Kotangora-Makira road
N40 billion for Lagos-Ibadan expressway (Section I)
N2.8 billion for completion of Gombe-Numan –Yola road phase II
N5 billion for the rehabilitation of Apapa-Oshodi-Oworoshoki road
N2.6 billion for dualisation of Kano-Katsina road phase I
N6 billion for dualisation of Ibadan-Ilorin section II
N5.5 billion for rehabilation of Enugu-Onitsha road
N2 billion for dualisation of Sapele-Agbor-Ewu road (Section I)

b) Power Projects
Several projects designed to optimise and deliver consistently 7,000mw of power, highlights of which are:
N5.5 billion for construction of 215MW Gas Power Plant
N1.2 billion for construction of 2X60MVA Connection of Gurara to National Grid
N235.7 million for coal to power development in Enugu, Benue, Gombe and Kogi
N303.9 million for the completion of ongoing construction of ITC/TDN and installation of injection and distribution substations
N305.3 million for completion of small scale renewable energy power plants development
N1.1 billion for the generation of 700MW from Zungeru hydro power project
N324.2 million for completion of rural electrification scheme in 23 communities in Ondo
N250.7million for completion of ongoing electrification project in Kano state

c) Railway projects
Several projects with a view to building a national rail network to move goods/people across the country, among which are:
N8.5 billion for the completion of Itakpe-Ajaokuta-Warri 326KM Rail Track and structures
N18.3 billion for the completion of Abuja (Idu) – Kaduna 186.5KM Single Track Rail line
N60 billion counterpart funding for Lagos-Kano standard Guage Rail line
N60 billion counterpart funding for Calabar –Lagos Standard Gauge rail line
N3.2 billion for provision of power, water, station building, fence, etc for rail lines

d) Aviation projects
Several [projects designed to improve the security of our airports and airspace, including:
N432.5 million for procurement and illumination of Thales Navigational Aids at Kano, Jos, Minna, Maiduguri and Port Harcourt
N865 million for procurement and installation of Airfeild Lightening system at Port Harcourt, Knao, Lagos, Kaduna, Sokoto, Yobe, Akure
N1.06 billion for Airside rehabilitation of Nnamdi Azikwe Airport, Abuja
N497.5 million for construction of Terminal building at Enugu airport
N2 billion for purchase of calibration aircraft and equipment
N870.4 million for procurement, illumination and flood lightening of 16 airports

e) Water projects:
Several projects designed to improve water supply for agriculture, power, drinking and sanitation nationwide, highlights of which are:
N232.1 million for construction of Hadejia valley irrigation projects
N204.2 million for supply/installation of pressurised/centre pivot irrigation system nationwide
N232.13 million for rehabilitation of Adani irrigation project
N100 million for World Bank Assisted Urban water sector reform project
N200 million for ADB assisted rural water supply/sanitation initiatives
N1.2 billion for construction of Dam embankment, spillway, inlet and outlet structures at Jare Earth dam
N1.5 billion construction of Dam embankment at Kashimbila Dam
N989.46 million for construction of dam embankment at Adada river dam
N1 billion for construction of dam embankment at Ile-Ife
N500 million for construction of dam embankment at Galma dam
N1 billion for construction of 200nos. Solar Motorised Boreholes nationwide

f) Housing projects: N35.6 billion for construction of 1,973 blocks of 7,068 Housing units in 6 geopolitical zones and FCT

g) Agriculture projects
Several projects in pursuit of the nation’s goal of self-sufficiency/food security, including:
N1.3 billion for construction of rehabilitation of rural roads
N1.3 billion for support to 187,500 farmers
N939.7 million for extension services
N940 million for development for strategic grazing reserves
N940 million for price stabilisation/buy-back/price guarantee scheme

h) Education projects
Several initiatives towards improving standards and access to education nationwide, including:
N342.1 million secondary school quality assurances programme across 6 geopolitical zones
N817.1 million for statutory visitation and monitoring of 90 federal tertiary institutions
N2.1 billion for servicing ongoing and new local and foreign scholarships

i) Health projects
Several programmes/projects designed to significantly improve health indices across the nation, highlights of which are:
N12.6 billion for vaccines, devices and operations programmes for polio, measles, yellow fever etc
N1.3 billion counterpart contribution for procurement and distribution of antiretroviral drugs and contraceptive commodities

j) Special Intervention Projects
N500billion social intervention projects in 5 areas namely:
Job creation: 500,000 teachers and 100,000 artisans – N191.5 billion
School feeding: 5.5 million children for 200 school days – N93.1 billion
Conditional cash transfer: 5,000/month for 1 month beneficiaries – N68.7 billion
Enterprise programme: Support for 1 million market women; 460,000 artisans and 200,000 agric workers – N140.3 billion
STEM Education Grant: for 100,000 students in science, technology, engineering and mathematics – N5.8 billion.

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