• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

  • Fact-Check
  • Economy
    • Nigeria Customs Aligns with Finance Ministry over 4% FOB Policy Review

      Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      NUPENG

      NUPENG Suspends Strike After Truce With FG, Labour, Oil Stakeholders

  • National
    • Troops Neutralise Five Terrorists in Borno, Taraba Operations

      Omoyele Sowore and President Bola Ahmed Tinubu

      Finally, DSS Files Charge Against Sowore, Twitter, and Facebook over Anti-Tinubu…

      Prof Isa Pantami, former Minister of Communication and Digital Economy

      Gombe Tech Training: Pantami’s Call for a Paradigm Shift By Muhd…

      Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Nnamdi Kanu of IPOB arrested by Nigerian security services

      Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

    • Government
      • Engr. Suleiman Bolakale Kawu Agaka

        Engr. Kawu: A Heroic Homecoming for a Man of the People…

        Omoyele Sowore and President Bola Ahmed Tinubu

        Finally, DSS Files Charge Against Sowore, Twitter, and Facebook over Anti-Tinubu…

        HCSF, Didi Esther Walson-Jack

        Federal Govt Moves to Fill 5 Permanent Secretary Positions

        Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

        Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

        Nnamdi Kanu of IPOB arrested by Nigerian security services

        Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

  • Security
    • Military Troops during operations

      Military Kill Over 30 Terrorists in Borno, Adamawa

      Troops Eliminate Terrorists, Recover Weapons in Taraba

      Military Troops in Action

      Troops Neutralize Two Notorious Bandits in Katsina Forest

      Troops Neutralise Five Terrorists in Borno, Taraba Operations

      Omoyele Sowore and President Bola Ahmed Tinubu

      Finally, DSS Files Charge Against Sowore, Twitter, and Facebook over Anti-Tinubu…

  • Features
    • Engr. Suleiman Bolakale Kawu Agaka

      Engr. Kawu: A Heroic Homecoming for a Man of the People…

      Prof Isa Pantami, former Minister of Communication and Digital Economy

      Gombe Tech Training: Pantami’s Call for a Paradigm Shift By Muhd…

      Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

      Diplomacy and Digital Innovation – Youth Insight

      Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

  • State
    • BUKAA FCT Appreciates Sponsors after Aerobics, Football Exercises

      Engr. Suleiman Bolakale Kawu Agaka

      Engr. Kawu: A Heroic Homecoming for a Man of the People…

      Military Troops during operations

      Military Kill Over 30 Terrorists in Borno, Adamawa

      Troops Eliminate Terrorists, Recover Weapons in Taraba

      Military Troops in Action

      Troops Neutralize Two Notorious Bandits in Katsina Forest

  • Event
    • BUKAA FCT Appreciates Sponsors after Aerobics, Football Exercises

      Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

      PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates,…

    • PR Nigeria Award
  • E-Paper
Home Government Defence Minister Proposes Budget of N340bn for 2021 Fiscal Year
  • Government
  • Security

Defence Minister Proposes Budget of N340bn for 2021 Fiscal Year

By
Mohammad Abdulkadri
-
November 3, 2020
Former Minister of Defence, Maj Gen Bashir Salihi Magashi (rtd)
Former Minister of Defence, Maj Gen Bashir Salihi Magashi (rtd)

Defence Minister Proposes Budget of N340bn for 2021 Fiscal Year

The Minister of Defence, Maj Gen Bashir Salihi Magashi (rtd) has presented and defended the Ministry of Defence budget proposal of Three hundred and forty billion, three hundred and fifteen million, three hundred and fifty nine thousand, two hundred and fifty five naira ninety five kobo.(N340,315,359,255.95) for the 2021 fiscal year.

The Minister made the presentation before the 9 man Senator Aliyu Wamako led Senate Committee on Defence at the National Assembly Complex Abuja.

General Magashi who was supported by the Permanent Secretary Ministry of Defence, Hussaini Babangida said the budget is based on the 2020-2023 Economic Recovery and Growth Plan (ERGP) as well as anchored on providing adequate security through strengthening the Tri-Services and other institutions under the Ministry to enable them perform their roles with all the necessary requirements.

While giving a breakdown of the budget proposal he explained that two billion, seventy six million, four hundred and nine thousand, eight hundred and forty four naira (N2,076,409,844.00) is proposed under the main overhead cost of the Ministry of Defence for the year out of which the sum of One billion five hundred and twenty million (N1,520,000,000.00) is for the Brigade of Guards. Additionally ,the sum of five hundred and fifty six million, four hundred and nine thousand eight hundred and four naira (N556,409,844.00) is for its regular overhead expenditure to arrive at the grand total of three hundred and forty billion, three hundred and fifteen million, three hundred and fifty nine thousand two hundred and fifty five naira ninety five. kobo( N340,315,359,255.95).

Read Also:

  • BUKAA FCT Appreciates Sponsors after Aerobics, Football Exercises
  • Nigeria Customs Aligns with Finance Ministry over 4% FOB Policy Review
  • Engr. Kawu: A Heroic Homecoming for a Man of the People By Adegboyega Ajadi

On Critical Capital Projects to be executed by the Ministry in the 2021 fiscal year,he said in addition to the on-going projects there are other Special projects approved by Mr President which include acquisition of Defence Equipment on government to government basis in the sum of $692,968,573.00 out of which 30% was released by the Federal Ministry of Finance, Budget and National Planning.

According to the Defence Minister, the Ministry is mandated by the President to execute a stalled contract put at USD269,734,420.50 for the delivery of seven hundred (700) Troops Carrying Vehicles and fifty (50) buses awarded since 2014 by the Office of the National Security Adviser.

Retrospectively, the Minister in a 5 paged 2021 budget proposal had earlier summarised the 2020 budget performance as at 26th October which revealed that 88% of the Overhead was utilised while the total Expenditure for Capital utilised stands at 16% owing to what he blamed on four causative challenges. They include, the general effects of Covid-19 pandemic, paucity of funds, late releases of Capital funds and bureaucratic bottleneck associated with procurement process.

While appealing for favourable consideration of the budget proposal by the Senate Committee on Defence, General Magashi said the Ministry under his watch is committed to actualising its core mandate of providing adequate security for a peaceful, stable, secured and united Nigeria.

Responding to questions raised by some members of the Committee who observed that the budget proposal for the Overhead and Capital Projects are low, the Minister said procurement which should be entirely the responsibility of the Ministry of Defence is in the purview and pursuit of the Services.

The Chairman Senate Committee on Defence Aliyu Wamako while assuring the Minister of Defence that the Ministry’s budget proposal will undergo the usual thorough examination by members of the Committee with a view to doing justice to it, he gave an ikling for possible upward review of the total estimates.

Signed
Mohammad Abdulkadri,
Special Assistant to the Minister of Defence on Media and Publicity

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Bashir Salihi Magashi
  • Defence Minister
Previous articleEndSARS: Lagos Govt to Rebuild Police Stations, Offer Scholarships to children of the officers killed
Next articleOp Fire Ball: Nigerian Troops Eliminate 75 Boko Haram Fighters, Capture Battle Trucks, Anti-Aircraft guns
Mohammad Abdulkadri
Mohammad Abdulkadri
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Engr. Suleiman Bolakale Kawu Agaka

Engr. Kawu: A Heroic Homecoming for a Man of the People By Adegboyega Ajadi

Military Troops during operations

Military Kill Over 30 Terrorists in Borno, Adamawa

Troops Eliminate Terrorists, Recover Weapons in Taraba

Military Troops in Action

Troops Neutralize Two Notorious Bandits in Katsina Forest

Troops Neutralise Five Terrorists in Borno, Taraba Operations

Omoyele Sowore and President Bola Ahmed Tinubu

Finally, DSS Files Charge Against Sowore, Twitter, and Facebook over Anti-Tinubu Post

HCSF, Didi Esther Walson-Jack

Federal Govt Moves to Fill 5 Permanent Secretary Positions

Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

SP Abimbola Adebisi

IGP Appoints SP Adebisi as Lagos Police PRO

Nnamdi Kanu of IPOB arrested by Nigerian security services

Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

Doctors

Resident Doctors Commences Indefinite Strike in FCT

Recent Posts

  • BUKAA FCT Appreciates Sponsors after Aerobics, Football Exercises
  • Nigeria Customs Aligns with Finance Ministry over 4% FOB Policy Review
  • Engr. Kawu: A Heroic Homecoming for a Man of the People By Adegboyega Ajadi
  • Military Kill Over 30 Terrorists in Borno, Adamawa
  • Troops Eliminate Terrorists, Recover Weapons in Taraba
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
BUKAA FCT Appreciates Sponsors after Aerobics, Football ExercisesNigeria Customs Aligns with Finance Ministry over 4% FOB Policy ReviewEngr. Kawu: A Heroic Homecoming for a Man of the People By Adegboyega AjadiMilitary Kill Over 30 Terrorists in Borno, AdamawaTroops Eliminate Terrorists, Recover Weapons in TarabaTroops Neutralize Two Notorious Bandits in Katsina ForestTroops Neutralise Five Terrorists in Borno, Taraba OperationsFinally, DSS Files Charge Against Sowore, Twitter, and Facebook over Anti-Tinubu PostFederal Govt Moves to Fill 5 Permanent Secretary PositionsGombe Tech Training: Pantami’s Call for a Paradigm Shift By Muhd El-Bonga IbraheemTroops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in BornoDangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues EndPower Outage: Police Broker Peace Between AKTH, DisCos in KanoIGP Appoints SP Adebisi as Lagos Police PROBauchi Forum Condemns ATBU's Plan to Close Faculties
X whatsapp