Loan-borrowing Buhari Earmarks N77million For Aso Rock Rent, N400million To Replace Villa’s Telecoms Infrastructure In 2022

Nigeria’s President, Muhammadu Buhari has earmarked N76.67 million for the fee of “Aso Rock rent.”

The quantity is contained within the particulars of the 2022 Appropriation Bill that Buhari introduced to a joint session of the National Assembly on Thursday.

Loan-borrowing Buhari Earmarks N77million For Aso Rock Rent, N400million To Replace Villa's Telecoms Infrastructure In 2022 2

The N16.39 trillion finances has a deficit of N6.26 trillion.

The Minister of Finance, Zainab Ahmed, had stated the federal government would supply for extra loans to fund the deficit. 

According to the finances, the substitute of Villa telecommunications infrastructure will value N400,000,000.

About N5, 231,101,743 was additionally earmarked for common rehabilitation and restore of mounted property within the Aso Rock Presidential Villa.

A examine of the proposal confirmed that rehabilitation/restore of workplace buildings will gulp N5,176,045,297, whereas residential constructing will take N55,056,446 out of the N150,590,609,934 anticipated to be spent by the Presidency.

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Loan-borrowing Buhari Earmarks N77million For Aso Rock Rent, N400million To Replace Villa's Telecoms Infrastructure In 2022

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