N/Assembly’s Budget Of N344.4bn Higher Than 15 Federal Universities’ Combined


Jan 3,2024.

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The federal lawmakers have increased the budget of the National Assembly budget from N197.93billion proposed for them by President Bola Ahmed Tinubu to N344.48bn.

The approved budget of N344.48bn is higher than combined budgets of the 15 biggest federal universities across the country. The universities will be spending just N327.8bn for 2024.

The National Assembly with less than two thousand lawmakers and staff, and with fewer capital projects, will also be spending far higher than eight teaching hospitals with over one million staff and student-doctors.

The Senate and the House of Representatives lawmakers passed the FG budget on Saturday after increasing it from N27.5 trillion proposed by the president to N28.7trn, a difference of about N1.2 trn.

This is happening at a time when many Nigerians are enduring harsh economic pains occasioned by FG’s economic reforms.

In the budget seen by our reporter yesterday, the eight teaching hospitals will be spending justN190.8bn, about N154bn less than N344.48 budgeted for the National Assembly for 2024.

Naij reports that Nnamdi Azikwe University Teaching Hospital (NAUTH), Nnewi, budgetedN37.6bn to spend next year; University College Hosptal, Ibadan:N27.2bn, University of Nigeria Teaching Hospital (UNTH) Enugu:N25.6bn and University of Uyo Teaching Hospital (UUTH), Uyo:N20.6bn.

Others are Aminu Kano University Teaching Hospitals (AKUTH), Kano:N20.5bn, Obafemi Awolowo University Teaching Hospital (OAUTH), Ife:N19.9bn, University of Port Harcourt Teaching Hospital (UPTH) Port Harcourt:N19.8bn and University of Benin Teaching Hospital (UBTH), Benin:N19.6bn.

Similarly, fifteen federal universities’ cumulative budget of N327.8billion for their capital and recurrent expenditures for 2024 is lower than the National Assembly’s.

According to the document seen in the Budget Office by our reporter, the University of Nigeria, Nsukka, has a total budget ofN36.6bn, University of Calabar:N29.5bn, Ahmadu Bello University:N29.2bn and Nnamdi Azikiwe University:N26.3bn.

Others include: University of Benin:N24.2bn, University of Ibadan:N23.4bn, University of Maiduguri:N22.3bn, University of Port Harcourt:N19.6bn, University of Lagos:N19.4bn, Obafemi Awolowo University:N17.1bn, Bayero University:N17bn, University of Tech, Owerri:N16.8bn, University of Jos:N16.2bn, University of Uyo:N15.6bn and National Open University:N14.6bn. (www.naija247news.com)

Peter Okafor
Peter Okaforhttp://Naija247news.com
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

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