Presidency Allocates N15bn For SUVs, Automotive Tyres, Workplace Advanced in 2025 Finances
The State Home has allotted N15.09 billion within the 2025 Appropriation Invoice for the procurement of tyres for bulletproof autos, SUVs, operational autos, and different automobiles.
This additionally embody the development of an workplace advanced for Particular Advisers and Senior Particular Assistants.
Moreover, a sum of N5.49 billion has been proposed for the annual upkeep of the Presidential Villa.
These particulars had been outlined within the 2025 Appropriation Invoice launched by the Finances Workplace of the Federation on Thursday.
President Bola Tinubu offered the 2025 funds, titled “Finances of Restoration: Securing Peace, Rebuilding Prosperity,” to a joint session of the Nationwide Meeting on Wednesday, December 18, with an formidable spending plan of N49.70 trillion.
The funds focuses on defence, infrastructure, and human capital growth, with a projected deficit of N13.39 trillion, to be coated by means of borrowing.
Throughout his tackle, Tinubu emphasised his administration’s dedication to bolstering safety and modernizing the nation’s infrastructure.
In accordance with the appropriation invoice, the State Home, which serves as the chief’s administrative middle, is ready to spend N164 million on tyres for bulletproof autos, common automobiles, SUVs, platform vans, and different operational autos.
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Out of this quantity, N1.1 billion has been allotted for the alternative of SUVs, and N3.66 billion for the acquisition of operational autos for the State Home.
An allocation of N127.86 million has been earmarked for buying SUVs for the President and Vice President beneath the President’s workplace, whereas N285 million is put aside for the Chief of Employees to the President’s automobile purchases.
The Chief Safety Officer to the President will obtain N179.63 million for safety and operational autos.
Additional allocations embody N2.12 billion for honorarium and sitting allowances, and N1.83 billion for constructing an workplace advanced for Particular Advisers and Senior Particular Advisers.
The 2025 Appropriation Invoice, at the moment beneath overview by the Nationwide Meeting, additionally proposes N4.91 trillion for defence and safety, with N4.06 trillion designated for infrastructure initiatives, together with the Lagos-Calabar Coastal Freeway and Sokoto-Badagry Freeway.
Vital funding has been allotted for training and well being, with N3.52 trillion for training, overlaying Common Fundamental Schooling and the institution of 9 new larger establishments, and N2.48 trillion for healthcare enhancements and provision of important medicine in public hospitals.
The funds relies on key assumptions, together with a projected discount in inflation from 34.6 p.c to fifteen p.c, and an improved trade price for the naira from N1,700 to N1,500 per greenback.