Nigeria's 2012 Budget from Minister of Finance Mrs. Ngozi Okonjo-Iweala…..

Date: 13-01-2012 8:17 pm (12 years ago) | Author: amanda uchechi
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- at 13-01-2012 08:17 PM (12 years ago)
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It is noteworthy that, while the 2012 budget allocated the best possible amounts to these critical projects, additional resources are allocated to the same projects in the SURE programme to ensure that they are completed at faster rates than envisioned in the 2012 budget. Some of the projects and allocations are as follow:

WORKS
• N11bn is allocated to the Abuja-Lokoja road in the 2012 Budget, with an additional N14bn from the SURE-P.
• N6bn is allocated to Benin-Ore-Shagamu, with an additional N16.5bn to be financed through SURE-P.
• N3bn is allocated to Port-Harcourt–Onitsha road, with an additional N5bn from the SURE-P.
• Similarly, N18.5bn is allocated to Kano-Maiduguri road, with an additional N1.5bn from SURE-P.
• Provision is made in the 2012 budget for construction of the Second Niger Bridge (N2bn) and Oweto Bridge (N3.5bn). An additional N5.5bn and N4bn would be spent on both bridges respectively from the SURE-P.
• Provision of N23.5bn is made for maintenance of roads and bridges across the country through Federal Road Maintenance Agency (FERMA).

POWER
• The total amount allocated to the power sector (including Bulk Trader, Nelmco, and Multi-Year Tariff Order (MYTO) and PHCN privatization) is N248bn.
• A sum of N392 million allocated to Nigeria Electricity Liability Management Company and N650 million for Bulk Trader.
• In the 2012 Budget Proposal, a sum of N3.7bn is allocated to the Kaduna Dual Fired Power Plant.
• Similarly, N2bn is allocated for the completion of the small and medium hydro-electric power plants Oyan Dam Hydro Power (Ogun state).
• A sum of N2.2bn is allocated for feasibility studies regarding the establishment of coal fired power plants.
• Additionally, N155bn will be spent on Power projects (Mambilla power plant, Coal Power Plant and Small Hydro power plants) through the SURE-P over the period 2012-2015.

AGRICULTURE & RURAL DEVELOPMENT
• The total allocation to the sector is N78.98bn
• N4bn is allocated to research and mechanisation
• Provision of N1.22bn is made for the construction of access roads to each of the 6 Staple Crop Processing Zones.
• Value Chain: N720 million is allocated to the development of value chains in cocoa, rice, maize, livestock, cotton and others sectors.
• N1bn is allocated to the Price stabilisation scheme.
• N610 million to facilitate for the access to credit, fertilizers and seeds.
• An additional sum of US$500m is expected from Development Finance Institute to support the sector.

TRANSPORT
• Rail lines: The 2012 budget allocates N3.95bn, N3.15bn and N3.35bn to the construction and completion of Abuja-Kaduna, Lagos-Ibadan and Ajaokuta-Warri rail lines respectively. In addition, the SURE-P allocates N11.6bn to the Abuja-Kaduna line and N9.3bn to the Lagos-Ibadan line.
• Provision of N800mn is made for the procurement of wagons, coaches and locomotives.
• Dredging project: N1.2bn is allocated to the dredging of Lower River Niger (Warri-Baro).

EDUCATION
• The total allocation to the sector is N400bn
• N11.6bn is allocated for existing universities.
• N7.7bn is allocated for the restructuring to Unity Schools.
• National Teachers Institute: The 2012 budget allocates N3.5bn to the retraining of teachers for basic education and training in innovative teaching.
• Moreover, an additional N24.6bn will be spent on vocational training centres from the SURE-P.

HEALTH
• N4.6bn is allocated to the Polio eradication programme
• N3.5bn is allocated to the procurement of HIV/AIDS Drugs
• The sum of N174 million is allocated to Integrated maternal, newborn and child health strategy, including capacity building, and promoting school health initiatives.
• N8.42bn is allocated to Federal University Teaching Hospitals.
• N6bn and N3.6bn are allocated to the procurement of vaccines and midwifery service scheme respectively.
• An additional N73.8bn will be spent on Maternal and Child heath from SURE-P.

AVIATION
• Various Airports: N22.2bn is allocated for the modernization of airport terminals and upgrading of facilities in the six geopolitical zones of the country.

FEDERAL CAPITAL TERRITORY ADMINISTRATION
• N3.1bn is allocated to the construction of a 20,000m3/hr lower Usuma dam Water Treatment Plants.
• N2.5bn is allocated to the construction of Cultural and Millennium Tower.
• N1.25bn is allocated to the Development of Idu Industrial Area (1b Engineering Infrastructure).
• Various road projects including the completion of roads B6, B12 and circle road (N4bn), rehabilitation and expansion of airport Expressway (N7.53bn).

NIGER DELTA
• East-West Road (Section I—V): The 2012 budget allocated N22.2bn to this road. In order to accelerate its completion, an additional N21.7bn is allocated in 2012 from the SURE programme.

WATER RESOURCES
• N1.2bn is allocated to the construction of Central Ogbia Regional Water Project.
• A total of N4bn are allocated to the construction of dams.
• Other provision for water facilities (i.e. regional water supply scheme) of N8bn.
• Rehabilitation of river Basin authorities (12 nos) of N13.91bn.
• Moreover, over the period 2012-2015 an additional N205.5bn will be invested in rural water scheme, water supply scheme, irrigation scheme and other water related projects from SURE-P.

These projects will not only significantly improve the country’s infrastructure, but will also create millions of jobs for Nigerians. This struggle is not between the government and Nigerians, because government is squarely on the side of the people. The fight is between the government and Nigerians on one side, and persons who are bent on continuing their age-long “milking” of the system for their personal benefits on the other side.

Please let us support government’s efforts at defeating these persons, and creating a better country for all Nigerians.

Posted: at 13-01-2012 08:17 PM (12 years ago) | Newbie
- Bazemaster at 13-01-2012 11:33 PM (12 years ago)
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Foolish woman! Who you wan decieve? See how you are running your mouth as if you are running for a governorship election. I pity anybody who believes all these crap you write here.... Nothing will be done, I know. I can never trust a politcal bastard from this useless nation called Nigeria. NOTHING WILL AND NEVER BE DONE. ALL I SAY IS...P.M.S BE 65Naira. #occupy Nigeria and to Hell with the blood sucking politicians

Posted: at 13-01-2012 11:33 PM (12 years ago) | Gistmaniac
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- onlyGodknows at 13-01-2012 11:47 PM (12 years ago)
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O.K. Watching
Posted: at 13-01-2012 11:47 PM (12 years ago) | Upcoming
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- edobaking at 13-01-2012 11:48 PM (12 years ago)
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 Grin Grin Grin Grin this budget  sound like a bribe, is this 4 real.
Posted: at 13-01-2012 11:48 PM (12 years ago) | Upcoming
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- farsam400 at 14-01-2012 12:01 AM (12 years ago)
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Let all Nigerians rise up and support the government for transformation
programme. Don't support the government if you want to continue
to begg the cabals for your daily bread. Give the government a chance
the temporary pain will surely bring good results in the long run
We have had enough of the cabals sucking our treasury dry.
Get inform and be ready for change
Posted: at 14-01-2012 12:01 AM (12 years ago) | Upcoming
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- FinlandGuy at 14-01-2012 12:03 AM (12 years ago)
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Oh boy see the sound of money.I never hear this one beforeeeeee na so this country get money ohhhhhhhh.
Posted: at 14-01-2012 12:03 AM (12 years ago) | Gistmaniac
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- draG9 at 14-01-2012 12:14 AM (12 years ago)
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to d left ...to d left Angry Angry Angry

Posted: at 14-01-2012 12:14 AM (12 years ago) | Gistmaniac
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- FinlandGuy at 14-01-2012 12:16 AM (12 years ago)
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Pls Ngozi,You are Your President should help us divide this country let everyone go to his rigion,we are not interested in all these names of money mentioned here because we know nothing will be done.Pls make una divide this country for us,the feul increase is not the issue,the issue is the the muslims are killing the innocent people everyday without no reason,forcing everyone to join islam,you guy are busy there selling fuel.Pls you people should divide this country for us Pls pls pls.
Posted: at 14-01-2012 12:16 AM (12 years ago) | Gistmaniac
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- Bazemaster at 14-01-2012 12:17 AM (12 years ago)
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Quote from: farsam400 on 14-01-2012 12:01 AM
Let all Nigerians rise up and support the government for transformation
programme. Don't support the government if you want to continue
to begg the cabals for your daily bread. Give the government a chance
the temporary pain will surely bring good results in the long run
We have had enough of the cabals sucking our treasury dry.
Get inform and be ready for change

don't be easily deceived, their tongue speaks good but their hearts are full of evil. I hate Nigerian politicians, they always make empty promises. If they really want to help this country, why can't the executives and top government officials reduce their over bogus allowances? Why would the masses suffer for their incompetencies?? Why can't this good rotten governmen prosecute these so called cabals?? Try and check how many billions of naira these so called politicians spend on monthly bases and see that this government is equivalent to corruption. Mark my words, nothing will be done. Have you ever asked youself about the deregulation of diesel and kerosene?? How far have they gone??

Posted: at 14-01-2012 12:17 AM (12 years ago) | Gistmaniac
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- proly at 14-01-2012 12:29 AM (12 years ago)
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okooooooooooooo nice one
Posted: at 14-01-2012 12:29 AM (12 years ago) | Hero
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- edobaking at 14-01-2012 12:35 AM (12 years ago)
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miss @proly long time how are u doing Cool Cool.
Posted: at 14-01-2012 12:35 AM (12 years ago) | Upcoming
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- Riverniger1 at 14-01-2012 12:36 AM (12 years ago)
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divide this country for us......................................bikoooooooooooooooooooo

Posted: at 14-01-2012 12:36 AM (12 years ago) | Gistmaniac
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- Ingbidi at 14-01-2012 12:49 AM (12 years ago)
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If the government is ready and sincere, this is a very good proposal but all the same they've already inherited a lot of distrust but they must try to convince all that this time around ,it will be no business as usual.
Posted: at 14-01-2012 12:49 AM (12 years ago) | Newbie
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- boscoiyke at 14-01-2012 12:50 AM (12 years ago)
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LITTLE BAZEMASTER! YOU ARE VERY VERY STUPID FOR MAKING THAT INSANE COMMENT Tongue Tongue....., IF YOU ARE NOT A BOKO-HARAM BROTHER THEN YOU ARE FROM YORUBA CONTINENT,  Huh? I HAVE COME TO REALIZE THAT HAUSA AND YORUBA ARE NOT IN SUPPORT OF MR GEJ EVEN WHEN YOU KNOW THAT HE HAVE A BETTER PURPOSE FOR NAIJERIANZ, PEOPLE LIKE YOU HAVE POISON THE MIND OF AMATURES IN NAIJERIA. PLEASE LETS JOIN TOGETHER AND BELIEVE IN GEJ, HE WILL BE THE BEST AMONG THE REST, GOD BLESS NAIJA, ONE LOVE Cool
Posted: at 14-01-2012 12:50 AM (12 years ago) | Newbie
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- amcq2001 at 14-01-2012 12:50 AM (12 years ago)
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Nigerian GOVT enjoy using the word budgeting but budgeting the same project every year. Foooool even a Goat can run the govt better than Nigerian  govt. Every one should wake up
Posted: at 14-01-2012 12:50 AM (12 years ago) | Upcoming
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- bigbenjy at 14-01-2012 12:56 AM (12 years ago)
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you crazy pshycos saying divide nigeria may the devil baptise and destroy ur mouth fools,who they hell are u speaking for all igbos or just ur stinking selves,go to kano or kaduna and say that and they will matchete u to pieces by the same igbos and if u are blind i have heard countless of igbos say the rather die in the north than there home cos no body will look at ur face wen u go broke and by the way go to place and see business that the same igbos have or is it the houses? and u filthy guys are saying that we should divide,what do u have in the east? tell us what do u have? if the east was good as u dream no igbo man will leave  his homestate,and dont think about war becos this time nigeria military will be happy to show u how to commit genocide oh yes.wake up u bloody A*#S war is not the way and nigeria is indivisable and u know that massop pigs     Angry
Posted: at 14-01-2012 12:56 AM (12 years ago) | Newbie
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- Ifemylove at 14-01-2012 12:57 AM (12 years ago)
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una try well well
Posted: at 14-01-2012 12:57 AM (12 years ago) | Gistmaniac
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- mimibaby_5 at 14-01-2012 01:16 AM (12 years ago)
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too many words for a lot of money smh. somethings r not even necessary n somethings wont be done
Posted: at 14-01-2012 01:16 AM (12 years ago) | Gistmaniac
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- estilizo at 14-01-2012 01:16 AM (12 years ago)
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nigeria is rich...why don't they use this money wisely?

Posted: at 14-01-2012 01:16 AM (12 years ago) | Gistmaniac
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- tmaxdon at 14-01-2012 01:31 AM (12 years ago)
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Quote from: boscoiyke on 14-01-2012 12:50 AM
LITTLE BAZEMASTER! YOU ARE VERY VERY STUPID FOR MAKING THAT INSANE COMMENT Tongue Tongue....., IF YOU ARE NOT A BOKO-HARAM BROTHER THEN YOU ARE FROM YORUBA CONTINENT,  Huh? I HAVE COME TO REALIZE THAT HAUSA AND YORUBA ARE NOT IN SUPPORT OF MR GEJ EVEN WHEN YOU KNOW THAT HE HAVE A BETTER PURPOSE FOR NAIJERIANZ, PEOPLE LIKE YOU HAVE POISON THE MIND OF AMATURES IN NAIJERIA. PLEASE LETS JOIN TOGETHER AND BELIEVE IN GEJ, HE WILL BE THE BEST AMONG THE REST, GOD BLESS NAIJA, ONE LOVE Cool

Why do you have to mention any tribe into this? what do you mean by Yoruba continent? it is very absurd the way we Nigerians go about ethnic sentiment...was it only the Ibos that voted Jonathan as the Nigerian President? so think deeply before writing against any tribe,your statement simply mean Yoruba and Hausa are the same is that not what you are insinuating?I as a person never believes any Nigerian Politician,not even the Monkey from my state...(Obasanjo)...what the guy said is quite right because our Politicians are just deceiving us...we always believe there will be a change at the beginning of every new Government in Nigeria...
Posted: at 14-01-2012 01:31 AM (12 years ago) | Upcoming
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