The Federal Government on Tuesday in Abuja earmarked N433.4 billion in the 2016 budget for its services in the Ministry of Power, Works and Housing led by Babatunde Fashola.
President Muhammadu Buhari stated this on Tuesday in his 2016 budget speech delivered at the Joint session of the National Assembly.
He said it was the intention of government to raise the percentage allocation for capital expenditure in future.
“To deliver our development objectives, we have increased the capital expenditure portion of the budget from N557 billion in the 2015 budget to N1.8 trillion in the 2016 budget.
“For the first time in many years, capital expenditure will represent 30 per cent of our total budget.
“In future years, we intend to raise the percentage allocation for capital expenditure,” he said.
Buhari said that the measure became necessary in fulfillment of the government’s promise to align expenditure to long-term objectives and government’s commitment to sustainable development.
According to him, this increased in capital expenditure commits significant resources to critical sectors such as Works, Power and Housing to the tune of N433.4 billion.
In a breakdown, Transport would gulp N202.0 billion; Special Intervention Programmes – N200.0 billion; Defence – N134.6 billion; and Interior – N53.1 billion.
The President said these investments in infrastructure and security were meant to support the nation’s reforms in the Agriculture, Solid Minerals and other core job-creating sectors of the nation’s economy.
“We will invest to safeguard lives and property. We will invest in equipping our farmers with the right tools, technology and techniques.
“We will invest in empowering and enabling our miners to operate in a safe, secure and humane environment.
“We will invest in training our youths, through the revival of our technical and vocational institutions to ensure they are competent enough to seize the opportunities that will arise from this economic revival,” Buhari said.
NAN reports that the President presented a budget of N6.08 trillion for 2016 with a revenue projection of N3.86 trillion, resulting in a deficit of N2.22 trillion

http://www.pmnewsnigeria.com/2015/12/22/fashola-gets-n433-4bn-for-power-works-and-housing/
Lalasticlala‎

Fashola we believe you are capable base on your track record in lagos state. All we want is result, we don't care what it takes to get the job done. Ensure that @ the end of this administration we can be guarantee ( least 12-16 hours regular supply of electricity in a day otherwise all your past achievement would be seen as a scam.

In Babatunde Raji Fashola I Trust.


More Power. Get to work. Do your part. Nigeria must be great again.

He should spend the money judiciously.

Niger Delta money...chai

He should spend the money judiciously.

obaiIaIa:
Niger Delta money...chai

To slap you just dey hungry me

obaiIaIa:
Niger Delta money...chai

which one is Niger delta money? The money belongs to all Nigerians. Get it?

Yemmyoo7:
which one is Niger delta money? The money belongs to all Nigerians. Get it?

Lagos belongs to all Nigerians...Get that!!!

obaiIaIa:


Lagos belongs to all Nigerians...Get that!!!

For your mind and in your dreams. #LAND GRABBERS.Lol

Hope him no go use hem go website for power n housing

Fashola the man am focusing all my attention on. Just give him all he asked for, he is the change the country is looking forward to
#theroundpeg

Yemmyoo7:
For your mind and in your dreams. #LAND GRABBERS.Lol

Haaaaa.. Thieves... #OILGRABBERS...LAGOS IS A NO MAN'S

LAND...DEAL WITH IT!

Good way to start but we can do better than this in subsequent years. Nigeria needs massive infrastructural development to make any meaningful progress. In the nearest future, we should commit over two trillion naira to power, works and housing.

obaiIaIa:


Haaaaa.. Thieves... #OILGRABBERS...LAGOS IS A NO MAN'S

LAND...DEAL WITH IT!

Keep dreaming. When you are awake, please notify me.# joker

This is still only $1.5 billion we're talking about, to provide infrastructure for 170 million Nigerians. Without foreign investment it won't be nearly enough to do more than patch up the most pressing problems, and for that to happen Nigeria needs to make it easier for foreigners to start businesses, obtain permits and move money in/out of the country - all matters which are out of Fashola's control.

obaiIaIa:


Haaaaa.. Thieves... #OILGRABBERS...LAGOS IS A NO MAN'S

LAND...DEAL WITH IT!

Keep dreaming. When you are awake, please notify me.#joker

We need money from toll gate to complement this allocation

Defence 134.6b army, navy, air force. Interior 53.1b police, immigration, customs, fire service, prisons, road safety, vio, this money to small for interior police go still de harass people for road the money no go do them

With the way he inflated the construction of one borehole for a whopping #130m and designed his personal website for #78m,i don't trust brf with public funds.The devil you know is better than the angel you don't know.And buhari still see him as saint.

.

Here comes the test.

I trust BRF to deliver.

That seems low somehow

Let it translate to development.

Hope Thief Fashola will sign the cheques this time around?

Oponu!!!!

Always like you anyhw sha





But with this money there should not be increase in tarrif again now

pray God guide us through

What bout the one Dasuki returned.