• 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
    • 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

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • NUPENG

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

      Customs, Defence Bureau Unveil Airboat for Smuggling War

      Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

  • National
    • Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

      Troops Eliminate Terrorist, Rescue Kidnap Victims in Sokoto, Katsina, Kaduna

    • Government
      • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

        Governor Abba Kabir Yusuf, Kano State

        Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children…

        Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

        FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

        ECOWAS debt: Court Remands Ecobank Legal Head over Perjury, defamation of…

  • Security
    • Troops Neutralize Bandits, Intercept N23m Ransom, Rescue Victims in Zamfara, Sokoto

      court Judiciary

      Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other…

      Inspector-General of Police Kayode Adeolu Egbetokun

      Police Chief Tasks Border Patrol Commanders on Enhanced Security

      Air Marshal Hasan Abubakar NAF Chief

      Air Chief Links Fiscal Discipline to Nigeria’s National Security, Operational Readiness

      Army Arrest Notorious Cattle Rustlers, Recover Arms in Plateau

  • Features
    • Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

      Omoyele Sowore, Bayo Ononuga and Adeola Ajayi

      Sowore’s Provocation, Onanuga’s Plea and the DSS Overreach

      Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

      Traffic officials tolling the vehicle at the scene in Abuja

      SPECIAL REPORT: Extortion, Blood and Impunity Behind Abuja’s Agbero Menace

      MUST READ: Why Everyone Should Use AI for Writing, With Pride…

  • State
    • Troops Neutralize Bandits, Intercept N23m Ransom, Rescue Victims in Zamfara, Sokoto

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

      Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

      court Judiciary

      Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other…

      Governor Abba Kabir Yusuf, Kano State

      Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children…

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

      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,…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

    • PR Nigeria Award
  • E-Paper
Home Government Minister Proposes $692mn Budget for Defence Equipment in 2021
  • Government
  • Security

Minister Proposes $692mn Budget for Defence Equipment in 2021

By
Mohammad Abdulkadir
-
November 6, 2020

Minister Proposes $692mn Budget for Defence Equipment in 2021

The Minister of Defence, Maj Gen Bashir Salihi Magashi (rtd) has defended the Ministry of Defence 2021 budget proposal before the House of Representatives Committee on Defence Chaired by Babajimi Bande at the Green chamber of the National Assembly.

General Magashi presented 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 Ministry of Defence 2021 fiscal year.

The Minister who was accompanied by the Permanent Secretary Ministry of Defence, Hussaini Babangida said the budget is premised on the 2020-2023 Economic Recovery and Growth Plan (ERGP) of the government as well as predicated on strengthening the Services and other Military institutions.
This is to enable them perform their statutory responsibility without lacking the necessary requirements.

He gave a breakdown of the budget proposal of two billion, seventy six million, four hundred and nine thousand, eight hundred and forty four naira (N2,076,409,844.00) as main Overhead cost of the Ministry 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.

Read Also:

  • Troops Neutralize Bandits, Intercept N23m Ransom, Rescue Victims in Zamfara, Sokoto
  • UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication
  • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

In addition, the sum of five hundred and fifty six million, four hundred and nine thousand eight hundred and four naira (N556,409,844.00) is budgeted 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).

According to the Minister, the Projects to be executed by the Ministry in the 2021 budget include the on-going and Special projects approved by the Commander-in-Chief of the Armed Forces, President Muhammadu Buhari which cover acquisition of Defence Equipment to be executed on government to government on win-win basis estimated at $692,968,573.00 out of which 30% was released by the Federal Ministry of Finance, Budget and National Planning.

The Defence Minister, disclosed that the Ministry has the Presidential
directive 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.

Meanwhile, the Minister had earlier summarised the 2020 budget performance as at 26th October pointing out that 88% of the Overhead was utilised while the total Expenditure for Capital utilised stands at 16%. He however blamed the low Capital utilisation on four causative factors. They include, the challenge of the general effects of Covid-19 pandemic, paucity of funds, late releases of Capital funds and bureaucratic bottleneck associated with procurement process.

He assured the House Committee on Defence, that the Ministry is poised to actualising its statutory responsibility of providing adequate security to entrenche peace in a united Nigeria.

The Chairman House Committee on Defence Babajimi Bande reiterated the commitment of members to doing the needful with the budget proposal without any delay.

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
  • (ERGP)
  • Bashir Salihi Magashi
  • budget
  • House of Assembly
  • Ministry of Defence
Previous articleNITDA Boss Foresees ICT Sector Surpassing Oil Revenue
Next articleENDSARS: Are we fair to the Nigerian Police? By Isah Ismaila Gagarawa,
Mohammad Abdulkadir
Mohammad Abdulkadir
http://www.PRNigeria.com

RELATED ARTICLESMORE FROM AUTHOR

Troops Neutralize Bandits, Intercept N23m Ransom, Rescue Victims in Zamfara, Sokoto

Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

court Judiciary

Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other Terrorists

Governor Abba Kabir Yusuf, Kano State

Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children Crisis

Inspector-General of Police Kayode Adeolu Egbetokun

Police Chief Tasks Border Patrol Commanders on Enhanced Security

Air Marshal Hasan Abubakar NAF Chief

Air Chief Links Fiscal Discipline to Nigeria’s National Security, Operational Readiness

Army Arrest Notorious Cattle Rustlers, Recover Arms in Plateau

Troops Repel Bandits’ Attacks in Kaduna, Katsina, Recover Rustled Cattle

Officers of NSCDC Mining Marshals

Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri Idakwo Laruba

Nigerian Troops Intercept Ransom Money, Recover 160 Rustled Cattle

Police Nab ‘Obi of Lagos,’ Foil ₦1.5 Billion New Palace Fraud

Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

Recent Posts

  • Troops Neutralize Bandits, Intercept N23m Ransom, Rescue Victims in Zamfara, Sokoto
  • UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication
  • Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia
  • Court Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other Terrorists
  • Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children Crisis
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Troops Neutralize Bandits, Intercept N23m Ransom, Rescue Victims in Zamfara, SokotoUNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of CommunicationKano Separated Conjoined Twins Return Home After Successful Surgery in S/ArabiaCourt Okays DSS Request to Accelerate Trial of Al-Barnawi, 4 Other TerroristsKano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children CrisisPolice Chief Tasks Border Patrol Commanders on Enhanced SecurityAir Chief Links Fiscal Discipline to Nigeria’s National Security, Operational ReadinessArmy Arrest Notorious Cattle Rustlers, Recover Arms in PlateauTroops Repel Bandits’ Attacks in Kaduna, Katsina, Recover Rustled CattleMining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri Idakwo LarubaNIPR Inducts 422 New Members, Urges Commitment to National UnitySowore’s Provocation, Onanuga’s Plea and the DSS OverreachNigerian Troops Intercept Ransom Money, Recover 160 Rustled CattlePolice Nab 'Obi of Lagos,' Foil ₦1.5 Billion New Palace FraudRenewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id
X whatsapp