2022 Budget: FG Allocates N3.8tn to Education, Health, Infrastructure

    2022 Budget: FG Allocates N3.8tn to Education, Health, Infrastructure

The Federal Government has allocated the sum of N3.8tn to critical sectors of the economy including, health, education and infrastructure.

According to the Minister of Finance, Budget and National Planning, Zainab Ahmed in her briefing on Friday, the Federal Government prioritised infrastructure sector in the 2022 budget by allocating N1.45tn to the sector, which represent N8.9 per cent of the total budget.

The N1.45tn allocated for infrastructure includes provisions for Works and Housing, Power (inclusive of Power Sector Recovery Programme provisions), Transport, Water Resources and Aviation.

The minister stated that the sum of N820.2bn was allocated to the health sector.

The education sector was allocated N1.29tn; this is 7.9 per cent of the total budget.

This also includes N875.93bn provided for the Federal Ministry of Education and its agencies for their recurrent and capital expenditure, N108.10bn provided for Universal Basic Education Commission as well as N306.00bn for transfers to the Tertiary Education Trust Fund.

“For the health sector, we made a provision of N820.2bn. This is for the Federal Ministry of Health and its agencies, including hazard allowances for the medical personnel. We also provided N54.87bn Gavi/Immunisation funds, including Counterpart Funding for Donor Supported Programmes and Global Fund.

“We also provided N54.05bn for Transfer to Basic Healthcare Provision Fund. The BHCPF has been on statutory transfer since 2020 which means that it is on auto pilot so they get the one per cent of the Consolidated Revenue Fund.”

Ahmed also said N863m had been designated for social development and poverty reduction programmes in the 2022 budget.

 

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