Aso Rock Budgets N10.2bn For Electrical Maintenance, Renovation

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Aso Rock Budgets N10.2bn For Electrical Maintenance, Renovation
Aso Rock Budgets N10.2bn For Electrical Maintenance, Renovation

The Presidential Villa has budgeted N4.85bn for the maintenance of mechanical and electrical installations and N5.3bn for the rehabilitation of office and residential buildings.

This is contained in the 2021 budget proposal presented to the National Assembly by President Muhammadu Buhari, last Thursday.

The item listed under the State House budget reads in part, “ERGP 7102245 annual routine maintenance of mechanical/electrical installations of the Villa ongoing N4,854,381,299.

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“23030101 rehabilitation/repairs of residential buildings N153,693,262

23030121 rehabilitation/repairs of office buildings N5,244,027,241.”

About N5.2m was set aside for the maintenance of generators while N45m was budgeted to fuel generators.

The President also budgeted N274m for the payment of electricity charges while N67.1m was earmarked for Internet charges.

Recall that President Muhammadu Buhari last week presented the 2021 budget estimate to a joint session of the National Assembly.

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The proposed expenditure was put at N13.08 trillion with a crude oil benchmark price of $40 per barrel and daily oil production estimate of 1.86 million barrels (inclusive of condensates of 300,000 to 400,000 barrels per day).

This also includes N1.35 trillion spending by Government Owned Enterprises and Grants and Aid funded expenditure of N354.85 billion.

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The budget contains recurrent expenditure of N5.65 trillion, personnel cost of N3.76 trillion and debt service of N3.12 trillion.

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