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Nigeria @ 50: N16.4 billion, not N10 billion budgeted

Contrary to reports that the Federal Government presented a budget of ten billion naira (N10billion) for approval by the National Assembly for its Nigeria @ 50 celebrations, figures emerging from the National Assembly shows that the actual budget figure is in excess of N16 billion (precisely N16,372,217,977).

An analysis by the Policy and Legal Advocacy Centre (PLAC), of the Supplementary Appropriation Bill 2010, submitted by the Executive and published in the National Assembly Journal of  24 June 2010, shows that allocations were made under various heads that add up to the said figure of N16.37 billion.

Civil Society Organisations, opposition parties and  legislators, even from the ruling PDP have criticised what is considered to be an exceedingly wasteful budget for the Nigeria @ 50 celebrations.

Under the budget proposal, the office of the Secretary of the Federation will spend N6.396 billion (precisely N6, 396,700,000) on among several items the following:
(a) Website design/hosting  N6 million
(b) Anniversary Logo- N30 million

(c) Publication of Compendium on the executives, legislature and the judiciary- N600 million
(d) International Friendly Football Match- N200 million
(e) Anniversary Parade, aerial display – N950 million.

Also in the budget is a vote of N100 million to replace the carpets at the International Conference Centre, while special Nigeria @ 50 celebration uniforms will be produced for the security services at N1 billion.
A Golden Jubilee plaza will be constructed at the cost of N2.65 billion while its mounting will cost N10 million.


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