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An Analysis:NIA 2015 Entire Budget Was $176.5m - Politics - Nairaland

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An Analysis:NIA 2015 Entire Budget Was $176.5m by Chuksonyeike: 9:52am On Apr 20, 2017
I just went back to do an analysis of the entire NIA's 2015 budget in line with the prevailing FOREX exchange rate as at February 2015 and discovered that the entire budget including for capital was $176.5m.In view of the latest story from the cable newspapers.I am waiting for paper trail that would back up that story and how an amount that is above the budget for that agency could have been withdrawn even as early as in February

This $43m found in Ikoyi will go a long way in throwing up a lot of things about how we work in this country and hopefully positively change a how we run things in the country.

checks on the website of the Budget Office indicated that the National Intelligence Agency (NIA), is under the Office of the National Security Adviser (ONSA).

Its budget for 2014 was N36.923 billion with personnel cost accounting for N26.132bn.
The total overhead cost was N2.262bn, while the capital component was N8.5bn.

The N13bn uncovered at the Lagos safe house was far more than the NIA’s other recurrent and overhead costs as well as the entire capital allocation combined allocated for 2014.

Similarly, the N13bn was higher than the entire overhead costs and capital expenditures for each of the agency’s budget for 2015, 2016 and 2017.

As for 2015, NIA’s budget was N33.470bn. The personnel cost for that year was N25.381bn; overhead, N1.789bn, with a total recurrent of N27.170bn, while capital expenditure was N6.299bn.

In 2016, NIA’s budget was N31.349bn, out of which personnel cost was N23.731bn; overhead was N1.375bn and the capital expenditure was N6.243bn.

https://www.dailytrust.com.ng/news/general/n15bn-efcc-submits-report-to-president/194139.html

DOLLARS RATE TO NAIRA FROM JANUARY 2015 TO FEBRUARY 2015 USD:NGN Historical Exchange Rates


MM/DD/YYYY

1 US Dollar to Nigeria Naira

Unit (1 USD to NGN)

01/02/2015 1 US Dollar equals to 183.45 Nigeria Naira 1 USD = 183.45 NGN
01/04/2015 1 US Dollar equals to 183.45 Nigeria Naira 1 USD = 183.45 NGN
01/05/2015 1 US Dollar equals to 183.55 Nigeria Naira 1 USD = 183.55 NGN
01/06/2015 1 US Dollar equals to 184.70 Nigeria Naira 1 USD = 184.7 NGN
01/07/2015 1 US Dollar equals to 183.05 Nigeria Naira 1 USD = 183.05 NGN
01/08/2015 1 US Dollar equals to 179.15 Nigeria Naira 1 USD = 179.15 NGN
01/09/2015 1 US Dollar equals to 180.75 Nigeria Naira 1 USD = 180.75 NGN
01/11/2015 1 US Dollar equals to 180.75 Nigeria Naira 1 USD = 180.75 NGN
01/12/2015 1 US Dollar equals to 182.55 Nigeria Naira 1 USD = 182.55 NGN
01/13/2015 1 US Dollar equals to 183.55 Nigeria Naira 1 USD = 183.55 NGN
01/14/2015 1 US Dollar equals to 183.30 Nigeria Naira 1 USD = 183.3 NGN
01/15/2015 1 US Dollar equals to 185.65 Nigeria Naira 1 USD = 185.65 NGN
01/16/2015 1 US Dollar equals to 184.95 Nigeria Naira 1 USD = 184.95 NGN
01/18/2015 1 US Dollar equals to 184.95 Nigeria Naira 1 USD = 184.95 NGN
01/19/2015 1 US Dollar equals to 187.55 Nigeria Naira 1 USD = 187.55 NGN
01/20/2015 1 US Dollar equals to 189.25 Nigeria Naira 1 USD = 189.25 NGN
01/21/2015 1 US Dollar equals to 188.05 Nigeria Naira 1 USD = 188.05 NGN
01/22/2015 1 US Dollar equals to 190.00 Nigeria Naira 1 USD = 190 NGN
01/23/2015 1 US Dollar equals to 191.30 Nigeria Naira 1 USD = 191.3 NGN
01/25/2015 1 US Dollar equals to 191.30 Nigeria Naira 1 USD = 191.3 NGN
01/26/2015 1 US Dollar equals to 191.25 Nigeria Naira 1 USD = 191.25 NGN
01/27/2015 1 US Dollar equals to 192.50 Nigeria Naira 1 USD = 192.5 NGN
01/28/2015 1 US Dollar equals to 189.93 Nigeria Naira 1 USD = 189.93 NGN
01/29/2015 1 US Dollar equals to 189.05 Nigeria Naira 1 USD = 189.05 NGN
01/30/2015 1 US Dollar equals to 187.55 Nigeria Naira 1 USD = 187.55 NGN
02/01/2015 1 US Dollar equals to 187.55 Nigeria Naira 1 USD = 187.55 NGN
02/02/2015 1 US Dollar equals to 189.60 Nigeria Naira 1 USD = 189.6 NGN

http://dailymail.com.ng/updated-us-dollars-rates-to-naira-from-january-2015-to-february-2015-usdngn-historical-exchange-rates/

The $176.5m was computed with the February 2015 exchange rate of N189.6/$ February 2015 exchange rate.This is even below the $289M cash said to have been withdrawn by the NIA in February 2015
Re: An Analysis:NIA 2015 Entire Budget Was $176.5m by Chuksonyeike: 10:00am On Apr 20, 2017
cc lalasticlala,TonyeBarcanista,seun

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