State House Gets N15.09bn for Vehicles and Offices in 2025 Budget

 

The Nigerian State House has set aside N15.09 billion to buy tyres for bulletproof vehicles, SUVs, and other official cars. This budget also includes funds for building an office complex for Special Advisers and Senior Special Assistants.

Additionally, N5.49 billion is allocated for the yearly maintenance of the Presidential Villa.

These details were shared in the 2025 budget proposal released by the Budget Office of the Federation on Thursday.

President Bola Tinubu presented the budget, called the “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” to the National Assembly on Wednesday. The budget includes a total spending plan of N49.70 trillion.

The budget focuses on improving security, infrastructure, and education. It includes a deficit of N13.39 trillion, which will be funded through borrowing.

According to the budget, the State House will spend N164 million to buy tyres for bulletproof cars, regular cars, SUVs, trucks, and other official vehicles.

Out of this amount, N1.1 billion is for replacing SUVs, and N3.66 billion is for buying operational vehicles.

The President and Vice President will have N127.86 million allocated for new SUVs, which will be purchased through the office of the President.

The Chief of Staff will get N285 million for cars, and the Chief Security Officer will receive N179.63 million for security vehicles.

The budget also includes N2.12 billion for honorarium and sitting allowances and N1.83 billion for building an office complex for Special Advisers and Senior Special Assistants.

In total, the 2025 budget has N4.91 trillion for defense and security and N4.06 trillion for infrastructure projects like the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway.

The President also announced significant funding for education and health. Education will receive N3.52 trillion, including money for Universal Basic Education and new higher institutions. The health sector will get N2.48 trillion to improve healthcare and provide medicines to public hospitals.

The budget is based on economic predictions, including a decrease in inflation from 34.6% to 15% and a stronger naira exchange rate, improving from N1,700 to N1,500 per dollar.