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Tinubu’s CoS Gbajabiamila gets N21 billion allocation from 2024 budget

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President Bola Ahmed Tinubu’s chief of staff, Femi Gbajabiamila, is set to get N21 billion from the 2024 budget.

This was revealed in an analysis of the recently submitted N27.7 trillion budget document by Tinubu last week.

The country’s 2024 budget, dubbed the “Budget of New Hope”, showed a 97.5 percent increase in the budget allocated to the Chief of Staff position from 517.95 million naira in 2023.

According to other allocations, 40.61 billion Naira will be allocated to the State House Headquarters, 9.1 billion Naira to the State House Management Department (President) and 3.14 billion Naira to the State House Management Department (Vice President).

Also provided was N260.5 billion for the Office of the Chief Security Officer of the President, N1.13 billion for the State House Medical Center and N632.4 million for the state Lagos Liaison Office.

A broader breakdown showed that the President will get 272 billion Naira, including 176.92 billion Naira for personnel expenses, 34.22 billion Naira for overhead expenses and 60.53 billion Naira for capital expenditure.

This is an 83.59 per cent increase from the N148.16 billion earmarked for the 2023 Presidential Budget.

Meanwhile, outside the presidential mandate, 2.18 trillion naira went to the education sector, 3.25 trillion naira to the defense and security sector, 2.66 trillion naira to the health and infrastructure sector, and 534 billion naira to social development and poverty reduction. It is thrown. Among other assignments.

Additionally, 30%, or 8.49 trillion naira, is for debt repayments, 9.918 trillion naira is for non-debt recurrent expenditure, and 7.717 trillion naira is contribution to the development fund for capital expenditure.

Other highlights include crude oil benchmark at US$77.96 per barrel, crude oil production at 1.78 million barrels/day, and foreign exchange rate (Naira-USD) at 750 Naira.

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Source: dailypost.ng

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