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Capital Expenditure gets a Measly 14% of 2012 Education Budget

By on January 24, 2012

The Senate Committee on Education has queried the large percentage of the Ministry of Education’s budget that is voted for recurrent expenditure to the detriment of capital expenditure for infrastructure in the sector.

The Education minister, Prof. Ruqayat Rufai, presenting the budget to the Senate yesterday disclosed that out of N 400 billion, a whopping N 345 billion was voted for recurrent expenditure whilst a measly N 55 billion was voted for capital expenditure. It is no wonder men and women of means do not send their children to Nigerian public universities.

A further breakdown of the budget reveals N317.9bn is allocated for personnel cost and N27.2 bn is allocated for overheads.

Other highlights are Ministry- N5.491bn; MDGs- N2.173bn; Parastatals- N5.196bn; universities- N14.411bn; colleges of education-N4.555bn and unity colleges-N7.663bn

Committee Chairman, Senator Uche Chukwumerije, queried the structuring of the budget stating the low capital budget allocation, “poses challenges of slow pace in infrastructural development in our agencies and institutions.”

In 2011 the ministry got a total capital budget of N 5.49bn, out of which N3.688bn was provided; total commitment was N3.497bn and actual draw down was N2.699bn.