10 African countries with the highest debts to the IMF

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Best Corporate Event Ideas for 2024
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Chief of Staff, Femi Gbajabiamila, reportedly gets N10 billion to renovate residence, N10.1 billion for Computer software

President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila, is expected to get a total allocation of N21 billion in next year’s budget estimates presented to the National Assembly by the President last month.

According to Peoples Gazette, a breakdown of the proposed figure, however, shows that Mr Gbajabiamila proposed N104 million for the purchase of computers and printers for ‘local travel and transport for international training,’ the CoS office plans to spend N579 million, while ‘miscellaneous’ is expected to gulp N103 million.

A further breakdown of the proposed budgetary allocations shows that the reconstruction and repair of the CoS’s official residence is to get N10 billion.
Computer software purchase is expected to gulp about N10.1 billion and N290 million is the allocation for purchase of vehicles.

Last week, it was reported that Mr Tinubu presented a budget of N27.50 trillion for 2024 to both chambers of the National Assembly. The budget had been approved by both the Senate and the House of Representatives, with minor changes to some sectoral allocations.

The budget presentation, made in a live session of the House chamber, requested budgetary approval of a total spending plan that included 1.78 million barrels per day of crude oil, a borrowing plan of N7.8 trillion, and an exchange rate of N700 to the US dollar.

Credit: Instablog9ja

Special Bank Announcements Nigeria NIN and BVN Nigeria

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