2022 Budget: N1.6bn Earmarked For Presidency Cars


2022 Budget: N1.6bn Earmarked For Presidency Cars

The Nigerian presidency has set aside a whopping N1.6 billion for the purchase of brand new cars and spares for the fleet in 2022.

This line item can be found in the budget proposal President Muhammadu Buhari presented before a joint session of the National Assembly on Thursday, October 7, 2021.

According to the estimate, the ongoing phased replacement of vehicles and spares will cost the Nigerian taxpayer N1.6bn when juxtaposed with the N436m it cost the federation for new wheels in the 2021 budget proposal.

The N16.39 trillion budget of Economic Growth and Sustainability has a deficit of N6.26 trillion.

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