President Bola Ahmed Tinubu and Vice President Kashim Shettima will spend N10.13 billion on meals and travels, according to the details of the 2024 budget proposal.
The N27.5 trillion budget proposal is being scrutinised by the National Assembly.
The budget has a total aggregate revenue projection of N18.32 trillion and a deficit of N9.18 trillion (3.88 per cent of GDP). The fiscal document proposes capital expenditure of N8.7 trillion and recurrent, N18.51 trillion.
According to the budget proposal, President Tinubu will spend N638.5 million on local trips and N6.9 billion on foreign trips, totaling N7.6 billion.
For the Vice President. his travels will gulp N1.8 billion, out of which N618.4 million is for local journeys and N1.2 billion for international trips.
Feeding, titled ‘refreshment and meal and foodstuff for the offices of Tinubu and Shettima’, was allocated N660.5 million. Of this amount, N287.8 million is for the President’s office and N372.6 million for the deputy’s office.
The Vice President will spend N35 million on refreshments/meals and N337.5 million on foodstuff/catering materials supplies.
The fiscal document also shows that the feeding of the animals at the Aso Rock’s zoo, tagged “wildlife conservation”, will gulp N201.4 million.
The renovation of the President and Vice President’s quarters at the State House will consume N800 million – N500 million for the President and N300 million for Vice President.
In the 2023 supplementary budget approved last month, the Presidency voted N13.5 billion to renovate the official residences of the President and Vice President in Lagos and Abuja.
The approved expenditure was part of the N28 billion voted for State House in the N2.176 trillion supplementary budget.
The breakdown showed that N4 billion will be spent for the renovation of the President’s residential quarters; renovation of Aguda House to gulp N2.5 billion; renovation of Dodan Barracks, the official residence of the President in Lagos, N4 billion; and renovation of official quarters of Vice President in Lagos N3bn, totally N13.5 billion.
In the 2024 budget proposal, honorarium and sitting allowance for the President and his vice were pegged at N152.3 million and N67.3 million respectively.
Powering of generators in the State House will cost N37.9 million while N260.8 million is earmarked for electricity charges.
Source: Daily Trust
