The Office of
the President
will spend
N456.98m on
honoraria and
sitting
allowances in
2015.
This is
different from the N348, 342,741 projected to be spent by the State House on
honoraria and sitting allowances during the same year.
Details of the 2015 budget proposals obtained by The PUNCH in Abuja on
Tuesday also show that the office of the President will spend N1.93bn on
travels and transport.
The document is not specific on who can receive honoraria but the President
plays host to former Heads of State and governors who make up the Council
of State.
It was also learnt that honoraria could be stipends paid to members of
committees set up by the government.
There was no provision for honoraria for the office of President in the 2014
budget proposal but the State House received a provision of N320, 222,500 for
it and sitting allowances.
The breakdown of the expenditure on travels and transport shows that the office
of the President will be spending N1, 306,834,350 on local travels and transport
and the sum of N621, 067,913 on international travels and transport.
The travel bill of the President for 2014 was higher than the provision for
2015. The 2014 budget made a provision of N2, 378,862,017 for the Office of
the President for local and international travels.
For 2015, it is N1,927,902,263 for local and international travels.
For foodstuffs/catering materials supplies, a provision of N142, 472,537 was
made for the Office of the President.
The 2015 budget proposal includes a provision of N131, 911,315 for fuel and
lubricants for the State House.
The breakdown shows that plant/generator fuel will consume N35, 344,855;
motor vehicle fuel, N85, 843,802 and cooking gas/fuel, N10, 102,858.
For 2014, the State House received lesser provision of N122, 855,267 for fuel
and lubricants. This was broken down into motor vehicle fuel, N79, 950,407;
plants and generators, N33, 476,963, and cooking gas/fuel cost, N9, 427,898.
A provision of N60, 847,647 was made for the Office of the President for
advertisement and publicity.
For the State House, N287,514,283 provision is made for welfare packages;
N174,537,975 for refreshment and meals; N215, 635,715 for foodstuffs and
catering services; N31,582,475 for medical expenses; and N35,495,233 for
publicity and advertisement.
As of press time; it could not be ascertained whether these provisions would be
reworked downwards to reflect the austerity measures announced by the
Federal Government to enable the country to glide through sliding prices in the
international oil market.
Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi
Okonjo-Iweala, had while presenting the 2015 budget breakdown, announced
additional measures to check the consumption pattern of Nigerians.
She explained that the measures would commence from the beginning of the
second quarter of 2015 and would considerably boost the ratio of non-oil
revenues to oil revenues.
Giving details of the measures and how much they will contribute into the
nation’s treasury, she explained that the government intended to generate more
revenue through the strengthening of tax administration.
This, she said, would be achieved if the better-off in the society contributed a
bit more towards easing the pains felt from the economic crunch.
As a short term measure, she said a 10 per cent import surcharge would be
imposed on new private jets. This is estimated to yield about N3.7bn revenue
for the nation in 2015.
Similarly, the minister explained that 39 per cent import surcharge would be
imposed on luxury yachts which is estimated to potentially raise N1.6bn in
2015; while another five per cent import surcharge would be placed on luxury
cars and this is estimated to yield about N2.6bn of additional revenue.
In the same vein, she said a surcharge on business and first class tickets on
airlines would be imposed on travellers. She however, did not stipulate the rate
to be applied for this class of levy and how much it will generate.
Others are the imposition of three per cent luxury surcharge on champagnes,
wines and spirits expected to generate about N2.3bn in 2015; and a one per
cent mansion tax on residential properties within the Federal Capital Territory
with a value of N300m and above.
This property tax for luxury building within the FCT, according to the minister, is
estimated to yield additional N360m.
All these surcharges, she noted, would yield a total of about N10.56bn in 2015.
She had said, “We should see these challenging times as times of opportunities
to further move this economy on the right path.
“Luckily, this administration had taken to diversification seriously and had
begun to make inroads prior to this time.
“The non-oil sector, whose growth has averaged about eight per cent in the last
few years, is the primary driver of growth in the economy unlike the oil sector
which is actually contracting.
“In the short term, we are determined to improve tax revenues not by increasing
tax rates as many have advised, but rather as a pro-people administration, by
strengthening our tax administration.
“We aim to plug leakages, increase the tax base and improve tax collection
efficiency. A 10 per cent import surcharge would be imposed on new private jets
which is estimated to yield about N3.7bn in 2015.”
In the area of tax waivers and exemptions, the finance minister lamented that
analysis had shown that about 30 per cent of those that received tax waivers
from government especially under the pioneer status scheme now abuse the
system.
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redistributed in whole or in part without prior express written permission from
PUNCH.
Contact: editor@punchng.com

Can't just read all these but I knw its all abt embezzled of PF

In 2014,the presidency spent N33, 476,963 on generator fuel
In 2015 they intend to spend N35, 344,855 on generator fuel.
Does that not tell us something?
Yet the presidency will tell us power situation in the country has improved.
Why then has the expenses on generator fuel not reduced?

The presidency budgeted a whooping N10,012,858 for cooking gas

Divide N10,102,858 by 365 and you get N27,679

On the average,It means they'd spend N27,679 daily on cooking gas,wetin them they cook?

iwanchop:
The presidency budgeted a whooping N10,012,858 for cooking gas

Divide N10,102,858 by 365 and you get N27,679

On the average,It means they'd spend N27,679 daily on cooking gas,wetin them they cook?

Jonah and his wife dey chop elephant. U no knw ow much dem budget for feeding?

iwanchop:
The presidency budgeted a whooping N10,012,858 for cooking gas

Divide N10,102,858 by 365 and you get N27,679

On the average,It means they'd spend N27,679 daily on cooking gas,wetin them they cook?

iwanchop:
The presidency budgeted a whooping N10,012,858 for cooking gas
Divide N10,102,858 by 365 and you get N27,679
On the average,It means they'd spend N27,679 daily on cooking gas,wetin them they cook?

perhaps GUCCI RICE and ARMANI BEANS....well enough to steal for campaign things

stopdat:
In 2014,the presidency spent N33, 476,963 on generator fuel
In 2015 they intend to spend N35, 344,855 on generator fuel.
Does that not tell us something?
Yet the presidency will tell us power situation in the country gas improved.
Why then has the expenses on generator fuel not reduced?

May God bless you and your family. Nothing to add to your points.

Spot on!

Fvck whoever says der's no money in 9ja

What can I say if not chai! Diaris God o. Gej I advise u to even be using 1 trillion naira for just charging of ur phone. No wahala, it wil all end in March 29.

Nigerians don suffer for this guy hand oo...jonah wetin be our offence for ya hand?? We thought you had no shoes,and you'l surely know our pains..that is why we voted for you..

N287,514,283 provision is made for welfare packages;
N174,537,975 for refreshment and MEALS;
N215, 635,715 for FOODSTUFF and catering services;
N31,582,475 for medical expenses; and
N35,495,233 for publicity and advertisement

FOODSTUFFS AND MEAL on two different budgets?
Na God go judge una