The Ministries of Works and Housing, Defence, Health and Education have topped the capital allocation in the 2022 federal budget in Nigeria.
The 2022 Budget Call Circular released on Tuesday night revealed the allocations.
The circular also revealed the requirements and instructions that must be satisfied and followed in the preparation of the 2022 Federal Government Budget Proposal.
The budget call circular which was signed by the Minister of Finance, Budget and National Planning, Zainab Ahmed revealed that the Ministry of Works and Housing was to get the highest allocation of N352.65bn.
It stated that, “The aggregate amount available for capital expenditures in the 2022 budget is N3.61tn. This represents 26 per cent of total expenditure and is 17.3 per cent less than the 2021 provision of N4.13tn.
“The 2022 provision comprises of N1.76tn for MDAs, N366.14bn capital supplementation, N345.78bn capital component of statutory transfers, N10bn capital component of the Special Intervention Programme, N425.02bn capital budget of GOEs, N62.24bn for donor/grant funded expenditures and N638.32bn funded by project-tied loans.”