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AT A GLANCE: Enugu airport, 2nd Niger Bridge… major projects affected by n’assembly’s cuts

AT A GLANCE: Enugu airport, 2nd Niger Bridge… major projects affected by n’assembly’s cuts
June 22
07:34 2018
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President Muhammadu Buhari on Wednesday signed the 2018 budget into law, eight months after he presented the proposal to the national assembly.

In his budget signing speech, the president said the national assembly reduced the provisions for some projects and added 6,403 projects of their own to the budget.

The provisions for the National Housing Programme, Mambilla power plant, Second Niger Bridge, and security infrastructure for Unity schools were slashed.

The takeoff grant for Maritime University and the construction of a terminal building at the Akanu Ibiam International Airport, Enugu, were also affected.

At present, flights cannot operate at night at the Enugu airport because there are no approach lights, which should be installed at both ends of the runway.

Hadi Sirika, minister of state for aviation, has said an upgrade of the airport would result in job creation and investments. However, the president says the national assembly’s actions will delay the completion of the project.

Here are some of the major projects whose provisions got slashed by the national assembly.

2018  BUDGET
EXAMPLES OF PROJECTS AFFECTED BY CUTS BY THE NATIONAL ASSEMBLY
AS CONTAINED IN THE PRESIDENT’S SPEECH
EXECUTIVENASSREDUCTION
NATIONAL & REGIONAL STRATEGIC PROJECTS
ERGP12104115DUALIZATION OF EAST-WEST ROAD (SECTION III) (PH – EKET):99KM1,000,000,000700,000,000-300,000,000
ERGP12104149DUALIZATION OF EAST-WEST ROAD (SECTION IV) (EKET-ORON):51KM2,785,000,0002,085,000,000-700,000,000
ERGP12104157DUALIZATION OF EAST-WEST ROAD (SECTION V) – ORON TO CALABAR :23.05KM3,500,000,0002,000,000,000-1,500,000,000
ERGP12106077CONTRUCTION OF 2ND NIGER BRIDGE INCLUDING ACCESS ROADS PHASES 2A AND 2B IN ANAMBRA AND DELTA STATES AND OTHER PROJECTS IN THE SOUTH EAST10,000,000,0009,197,247,205-802,752,795
ERGP10109723COUNTERPART FUNDING FOR 3050MW MAMBILLA HYDROPOWER PROJECT8,500,000,0008,229,115,920-270,884,080
ERGP12106058REHABILITATION OF LAGOS-SHAGAMU-IBADAN DUAL CARRIAGEWAY SECTION II IN OYO STATE C/NO.620511,500,000,00010,359,004,746-1,140,995,254
ERGP12106530CONSTRUCTION OF BODO-BONNY ROAD WITH A BRIDGE ACROSS THE OPOBO CHANNEL. IN RIVERS STATE C/NO. 624710,000,000,0008,713,181,562-1,286,818,438
ERGP13102578PROVISION OF ELECTRICAL POWER SUPPLY AND WATER SUPPLY, CONSTRUCTION OF PROTECTIVE FENCES ALONG THE CORRIDOR IN ABRAKA, ORIA, ORUWHORUM, FOR ITAKPE-AJAOKUTA-ALADJA RAILWAY SYSTEM6,906,564,9031,406,564,903-5,500,000,000
-11,501,450,567
0437001001FEDERAL CAPITAL TERRITORY ADMINISTRATION
ERGP1100657REHABILITATION AND EXPANSION OF OUTER NORTHERN EXPRESSWAY PROJECT LOT II (KUBWA ROAD FROM FEDERAL CIVIL SERVICE COLLEGE – VILLA ROUNDABOUT)2,000,000,0001,000,000,000-1,000,000,000
ERGP1100658CONSTRUCTION OF SOUTHERN PARKWAY (S8/9) FROM ISEX TO RING ROAD I (CHRISTIAN CENTRE/CBN THROUGH NTA/FCDA – NNAMDI AZIKIWE WAY)1,250,000,0001,000,000,000-250,000,000
ERGP1100660ADDENDUM CONTRACT TO COMPLEMENTARY ENGINEERING INFRASTRUCTURE FACILITIES TO THE FCC STAGE II (EXTENSION OF ARTERIAL ROADS N5 AND N11 FROM RING ROAD II TO RING ROAD III)1,250,000,000950,000,000-300,000,000
ERGP1100664PROVISION OF ROADS AND ENGINEERING INFRASTRUCTURE TO THE NEW LAYOUT AND THE DIPLOMATIC AREA AS PHASE II CONTRACT OF THE ON-GOING GUZAPE LOT II DISTRICT INFRASTRUCTURE1,000,000,000400,000,000-600,000,000
ERGP1100665PROVISION OF INFRASTRUCTURE TO MBORA DISTRICT500,000,000200,000,000
ERGP1100666CONSTRUCTION OF ONE SERVICE CARRIAGEWAY OF INNER NORTHERN EXPRESSWAY (INEX) FROM RING ROAD III (RR III) TO RING ROAD IV (RR IV)482,122,872282,122,872-200,000,000
ERGP1100671COMPLETION OF ROADS B6, B12 & CIRCLE ROAD, ABUJA CENTRAL AREA (STADIUM-VILLA – STADIUM)4,000,000,0002,500,000,000-1,500,000,000
ERGP1100672EXTENSION OF INNER SOUTHERN EXPRESSWAY (ISEX) FROM SOUTHERN PARKWAY TO RING ROAD II (CHRISTIAN CENTRE/CBN – GALADIMAWA ROUNABOUT)4,500,000,0002,500,000,000-2,000,000,000
ERGP1100673REHABLITATION AND EXPANSION OF OUTER SOUTHERN EXPRESSWAY FROM VILLA ROUNDABOUT TO OSEX/RING ROAD 1 (RRI) JUNCTION INCLUDING FOUR (4) NOS. INTERCHANGE AND EXTENSION OF RIGHT AND LEFT HAND SERVICE CARRIAGE WAYS TO WASA JUNCTION (VILLA ROUNDABOUT – OSEX/SHEHU SHAGARI JUNCTION – APO ROUNDABOUT – WASA JUNCTION)2,000,000,0001,500,000,000-500,000,000
ERGP12100641RE-CONSTRUCTION AND DUALIZATION OF LOWER USUMA DAM – GURARA ROAD2,000,000,0001,500,000,000-500,000,000
ERGP13100674ABUJA RAIL MASS TRANSIT PROJECT LOT 1 & 32,297,122,8721,597,122,872-700,000,000
-7,550,000,000
ERGP9100645REHABILITATION AND PROVISION OF ADDITIONAL SECURITY MEASURE FOR UNITED NATIONS (UN) BUILDING4,002,877,128100,000,000-3,902,877,128
-3,902,877,128
0521001001FEDERAL MINISTRY OF HEALTH – HQTRS
ERGP25112300TRAINING/CENTRAL PROCUREMENT OF 300000 DIALYSIS CONSUMABLES140,000,00080,000,000-60,000,000
ERGP25112331ESTABLISHMENT OF CHEMOTHERAPY CENTRES IN UBTH, UITH, ZARIA, MAIDUGURI, OAU, UNTH, UPTH, FMC OWERRI,FMC ABEOKUTA700,000,000300,000,000-400,000,000
ERGP25112598STRATEGIC INTERVENTION IN SELECTED TERTIARY HEALTH INSTITUTIONS6,000,000,0001,200,000,000-4,800,000,000
ERGP25112693DISTRIBUTION, TRANSPORT AND MAINTENANCE OF COLD CHAIN SUPPLY SYSTEMS (NATIONAL TO STATES)1,428,523,456208,523,456-1,220,000,000
ERGP25101698NCAPS ANTIRETROVIRALS PROCUREMENT2,070,500,0001,100,500,000-970,000,000
-7,450,000,000
0517001001FEDERAL MINISTRY OF EDUCATION – HQTRS
ERGP23103147PROVISION OF SECURITY INFRASTRUCTURE IN 104 COLLEGES : PERIMETER FENCING, SOLAR STREET LIGHTS, SOLAR POWERED MOTORIZED BOREHOLE AND CCTV5,000,000,0002,000,000,000-3,000,000,000
-3,000,000,000
0231001001FEDERAL MINISTRY OF POWER WORKS & HOUSING – HQTRS
ERGP27105974FEDERAL GOVERNMENT NATIONAL HOUSING PROGRAMME NATIONWIDE35,408,293,74726,653,405,292-8,754,888,455
-8,754,888,455
0238005002SERVICE WIDE VOTE
ERGP16115502PAYMENT INTO REDEMPTION FUND (5% OF TOTAL PERSONNEL COST)112,195,808,918110,195,808,918-2,000,000,000
ERGP16115505PUBLIC SERVICE WAGE ADJUSTMENT FOR MDAS (INCLUDING ARREARS OF PROMOTION AND SALARY INCREASES) & PAYMENT OF SEVERANCE BENEFITS43,138,570,53040,138,570,530-3,000,000,000
0222001001FEDERAL MINISTRY OF INDUSTRY, TRADE AND INVESTMENT – HQTRS
ERGP1107413EXPORT EXPANSION GRANT (EEG)19,279,975,00013,279,975,000-6,000,000,000
ERGP1115442COMPLETION OF LEKKI MODEL TEXTILE AND GARMENT INDUSTRIAL PARK11,491,853,0927,441,853,092-4,050,000,000
ERGP1115443COMPLETION OF UPGRADE OF CALABAR FTZ3,695,862,4743,055,862,474-640,000,000
ERGP1115444FEASIBITY STUDIES FOR AGRI-INDUSTRIAL PROCESSING ZONES AND CLUSTERS IN THE SIX GEOPOLITACAL ZONES3,600,000,0002,000,000,000-1,600,000,000
ERGP1115445COMPLETION OF KANO FTZ4,364,691,1344,064,691,134-300,000,000
ERGP1115447ADDITIONAL FGN INVESTMENT IN FUNTUA COTTON CLUSTER2,500,000,0002,200,000,000-300,000,000
ERGP1115450ADDITIONAL FGN INVESTMENT IN ENYIMBA INDUSTRIAL PARK2,500,000,0002,200,000,000-300,000,000
ERGP1115451ADDITIONAL FGN INVESTMENT IN IBOM DEEP SEA PORT AND CITY2,500,000,0002,200,000,000-300,000,000
ERGP1115454ADDITIONAL CAPITAL FOR NIGERIA SEZ INVESTMENT COMPANY LIMITED10,000,000,0009,300,000,000-700,000,000
ERGP1115457PROVISION OF INFRASTRUTURE – OGUN GUANGDONG FTZ2,500,000,0002,200,000,000-300,000,000
-14,490,000,000
ERGP1102235CONSTRUCTION OF TERMINAL BUILDING AT ENUGU AIRPORT2,030,800,391530,800,391-1,500,000,000
-1,500,000,000
ERGP23114176TAKE OFF GRANT FOR MARITIME UNIVERSITY OKORENKOKO5,000,000,0003,400,000,000-1,600,000,000
-1,600,000,000

 

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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