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2022 Budget: FG to spend N1.6bn on new vehicles, spares

The federal government has set aside the sum of N1.6 billion for the purchase of vehicles and spare parts.

This is contained in the 2022 budget proposal presented to the National Assembly for approval by President Muhammadu Buhari.

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

According to the estimate, the ongoing phased replacement of vehicles and spares will cost N1.6 billion.

This is double the amount (N436 million) set aside for the same purpose in the 2021 budget.

Also, about N180,089,000 is provided for purchase of tyres for bulletproof vehicles, plain cars, CCU vehicles, platform trucks, jeeps, ambulances and other utility and operational vehicles.

However, Senator Ali Ndume (APC, Borno) has described as worrisome, the government’s proposal to finance the budget by borrowing.

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