As enclosed in just submitted 2018 Nigeria budget estimate, the Ministry of Communications Technology and one of its affiliate parastatals, the Nigeria Communications Satellite Limited, NigComSat has mapped to spend N158.3 million for traveling, fumigation, refreshment and miscellaneous purposes in the 2018 fiscal year.
This was contained in the 2018 appropriation bill submitted by the Federal Government to the National Assembly. The Ministry proposed that the amount in the Appropriation Bill will enable it to carry out the listed items in the fiscal year.
In the deep analysis, the Ministry and NigComsat are going to spend N48,334,551 on travel; N26,758,697 on fumigation; N42,672,391 on miscellaneous expenses; N8,911,615 on refreshment/meals and the sum of N31,600,000 on electricity charges respectively.
In comparison, the estimated has a decline, N14,290,188 lesser than the N172,566,975 approved for the ministry and two agencies only for traveling in the 2017 estimation. The budget estimate which allocated N11,716,581,495 for recurrent expenditure and N7,544,159,142 for capital projects, totaling N19.261 billion for the ministry and the two parastatals in the year.
Recall that President Muhammadu Buhari presented the 2018 Appropriation Bill to a joint session of the National Assembly 7 November 2017.
The Federal Government plans to spend about N8.6tn next year, a jump of about 15 percent from the N7.44tn budgeted for the current year.