Saturday, January 14, 2012

See Nigeria's Budget As Arranged By Ngozi Iweala For 2012

It is noteworthy that, while the
2012 budget allocated the best
possible amounts to these
critical projects, additional
resources are allocated to the
same projects in the SURE
programme to ensure that they
are completed at faster rates
than envisioned in the 2012
budget. Some of the projects
and allocations are as follow:
WORKS
• N11bn is allocated to the
Abuja-Lokoja road in the 2012
Budget, with an additional
N14bn from the SURE-P.
• N6bn is allocated to Benin-
Ore-Shagamu, with an
additional N16.5bn to be
financed through SURE-P.
• N3bn is allocated to Port-
Harcourt–Onitsha road, with an
additional N5bn from the SURE-
P.
• Similarly, N18.5bn is allocated
to Kano-Maiduguri road, with an
additional N1.5bn from SURE-P.
• Provision is made in the 2012
budget for construction of the
Second Niger Bridge (N2bn) and
Oweto Bridge (N3.5bn). An
additional N5.5bn and N4bn
would be spent on both bridges
respectively from the SURE-P.
• Provision of N23.5bn is made
for maintenance of roads and
bridges across the country
through Federal Road
Maintenance Agency (FERMA).
POWER
• The total amount allocated to
the power sector (including Bulk
Trader, Nelmco, and Multi-Year
Tariff Order (MYTO) and PHCN
privatization) is N248bn.
• A sum of N392 million
allocated to Nigeria Electricity
Liability Management Company
and N650 million for Bulk
Trader.
• In the 2012 Budget Proposal,
a sum of N3.7bn is allocated to
the Kaduna Dual Fired Power
Plant.
• Similarly, N2bn is allocated for
the completion of the small and
medium hydro-electric power
plants Oyan Dam Hydro Power
(Ogun state).
• A sum of N2.2bn is allocated
for feasibility studies regarding
the establishment of coal fired
power plants.
• Additionally, N155bn will be
spent on Power projects
(Mambilla power plant, Coal
Power Plant and Small Hydro
power plants) through the
SURE-P over the period
2012-2015.
AGRICULTURE & RURAL
DEVELOPMENT
• The total allocation to the
sector is N78.98bn
• N4bn is allocated to research
and mechanisation
• Provision of N1.22bn is made
for the construction of access
roads to each of the 6 Staple
Crop Processing Zones.
• Value Chain: N720 million is
allocated to the development of
value chains in cocoa, rice,
maize, livestock, cotton and
others sectors.
• N1bn is allocated to the Price
stabilisation scheme.
• N610 million to facilitate for
the access to credit, fertilizers
and seeds.
• An additional sum of US$500m
is expected from Development
Finance Institute to support the
sector.
TRANSPORT
• Rail lines: The 2012 budget
allocates N3.95bn, N3.15bn and
N3.35bn to the construction and
completion of Abuja-Kaduna,
Lagos-Ibadan and Ajaokuta-
Warri rail lines respectively. In
addition, the SURE-P allocates
N11.6bn to the Abuja-Kaduna
line and N9.3bn to the Lagos-
Ibadan line.
• Provision of N800mn is made
for the procurement of wagons,
coaches and locomotives.
• Dredging project: N1.2bn is
allocated to the dredging of
Lower River Niger (Warri-Baro).
EDUCATION
• The total allocation to the
sector is N400bn
• N11.6bn is allocated for
existing universities.
• N7.7bn is allocated for the
restructuring to Unity Schools.
• National Teachers Institute:
The 2012 budget allocates
N3.5bn to the retraining of
teachers for basic education
and training in innovative
teaching.
• Moreover, an additional
N24.6bn will be spent on
vocational training centres from
the SURE-P.
HEALTH
• N4.6bn is allocated to the Polio
eradication programme
• N3.5bn is allocated to the
procurement of HIV/AIDS Drugs
• The sum of N174 million is
allocated to Integrated maternal,
newborn and child health
strategy, including capacity
building, and promoting school
health initiatives.
• N8.42bn is allocated to Federal
University Teaching Hospitals.
• N6bn and N3.6bn are
allocated to the procurement of
vaccines and midwifery service
scheme respectively.
• An additional N73.8bn will be
spent on Maternal and Child
heath from SURE-P.
AVIATION
• Various Airports: N22.2bn is
allocated for the modernization
of airport terminals and
upgrading of facilities in the six
geopolitical zones of the
country.
FEDERAL CAPITAL TERRITORY
ADMINISTRATION
• N3.1bn is allocated to the
construction of a 20,000m3/hr
lower Usuma dam Water
Treatment Plants.
• N2.5bn is allocated to the
construction of Cultural and
Millennium Tower.
• N1.25bn is allocated to the
Development of Idu Industrial
Area (1b Engineering
Infrastructure).
• Various road projects
including the completion of
roads B6, B12 and circle road
(N4bn), rehabilitation and
expansion of airport
Expressway (N7.53bn).
NIGER DELTA
• East-West Road (Section I—V):
The 2012 budget allocated
N22.2bn to this road. In order to
accelerate its completion, an
additional N21.7bn is allocated
in 2012 from the SURE
programme.
WATER RESOURCES
• N1.2bn is allocated to the
construction of Central Ogbia
Regional Water Project.
• A total of N4bn are allocated
to the construction of dams.
• Other provision for water
facilities (i.e. regional water
supply scheme) of N8bn.
• Rehabilitation of river Basin
authorities (12 nos) of
N13.91bn.
• Moreover, over the period
2012-2015 an additional
N205.5bn will be invested in
rural water scheme, water
supply scheme, irrigation
scheme and other water related
projects from SURE-P.
These projects will not only
significantly improve the
country’s infrastructure, but will
also create millions of jobs for
Nigerians. This struggle is not
between the government and
Nigerians, because government
is squarely on the side of the
people. The fight is between the
government and Nigerians on
one side, and persons who are
bent on continuing their age-
long “milking” of the system for
their personal benefits on the
other side.
Please let us support
government’s efforts at
defeating these persons, and
creating a better country for all
Nigerians.

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