By Kunle KALEJAYE
As the privatisation of the power sector wind down, there are indications that due to the low budget allocation to the sector in the 2013 budget, various operations of Successor Power Holding Company of Nigeria, PHCN are currently foot dragging across the country.
While presenting the 2013 budget to the National Assembly, Dr. Ngozi Okonjo-Iweala, who doubles as the Minister of Finance and the Co-ordinating Minister of the Economy, said that the Federal Government remains focused on critical economic and social sectors.
According to her “Some of these sectors are largely driven by private sector activity, while others require a great deal of public sector support. “Some key allocations are as follows: Critical Infrastructure (including Power, Works, Transport, Aviation, Gas pipelines, and Federal Capital Territory) – N497 billion.
In the 2013 budget, the Federal Ministry of Energy (Power) head quarter received the sum of N788,923,595 for personnel cost; N531,473,487 for over-head cost; N1,320,397,083 for total recurrent. Total capital was N23,505,345,668; and total allocation was N24,825,742,751.
The 2013 budget did not make any provision for Transmission Company of Nigeria, TCN for personnel cost, over-head cost and total recurrent. However, N33,849,634,011 and N33,849,634,011 was drafted total capital and total allocation respectively.
For National Rural Electrification Agency, N588,919,178 was allotted for personnel cost; N60,876,666 for over-head cost; N649,795,844 for total recurrent; N 5,806,421,450 for total capital and N 6,456,217,294 as total allocation.
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