Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Business»FG Targets Capital Projects with ₦87.31bn Aviation Budget
Business

FG Targets Capital Projects with ₦87.31bn Aviation Budget

meridianspyBy meridianspyJanuary 21, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

 

The Federal Government has proposed a total allocation of N87.31bn for the Ministry of Aviation and Aerospace Development and its agencies in the 2026 Appropriation Bill, with the bulk of the funding directed towards capital expenditure.

 

Details of the budget proposal show that N70.19bn, representing more than 80 per cent of the total allocation, is earmarked for capital projects. At the same time, N14.78bn is set aside for personnel costs and N2.34bn for overheads.

 

The document contained no provisions for retained independent revenue or aid and grant funding.

 

The Federal Ministry of Aviation and Aerospace Development received the highest allocation of N50.65bn, with N48.55bn for capital projects. Personnel and overhead costs were budgeted at N1.35bn and N745.74 million, respectively.

 

The Nigerian Meteorological Agency was allocated N11.84bn, with personnel costs accounting for N9.15bn, overheads N393.73m, and capital expenditure N2.29bn, highlighting the agency’s labour-intensive operations.

 

Similarly, the Nigerian College of Aviation Technology, Zaria, is to receive N11.28bn, comprising N4.28bn for personnel, N464.44m for overheads, and N6.54bn for capital projects.

 

The Nigeria Airspace Management Agency was allocated N6.3bn, entirely for capital expenditure, with no provision for personnel or overhead costs in the budget breakdown.

 

Also, the Nigerian Safety Investigation Bureau is expected to receive N7.24bn, with N734.09m for overheads and N6.51bn for capital projects, again with no allocation for personnel costs.

 

The strong tilt towards capital spending aligns with the position of the Minister of Aviation and Aerospace Development, Festus Keyamo, who has consistently argued that infrastructure renewal remains critical to improving safety, efficiency and service delivery in the aviation sector.

READ ALSO  UN, FG Brainstorm innovative financing to fast-track SDGs before 2030

 

On 22 January 2025, the ministry formally presented its 2025 budget to the Joint National Assembly Committee on Aviation and Aviation Technology at the National Assembly Complex. During the presentation, Keyamo emphasised the ministry’s commitment to transparency and accountability in the management of public resources.

 

He provided a breakdown of the ministry’s 2024 budget performance, noting that capital appropriation achieved a utilisation rate of 30.9 per cent, personnel costs were fully utilised at 100 per cent, while overhead expenditure recorded a near-complete utilisation rate of 99.97 per cent.

 

The minister told lawmakers that the proposed 2025 budget of N71.12bn for the ministry reflects its strategic priorities in advancing the aviation and aerospace sectors. The proposal comprised N69.22bn for capital expenditure, N1.16bn for personnel costs and N745.74m for overheads.

 

According to Keyamo, the capital-heavy structure of the budget is designed to support infrastructure upgrades, enhance service delivery and strengthen safety oversight across the sector.

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet

No related posts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

UN, FG Brainstorm innovative financing to fast-track SDGs before 2030

July 13, 2026

NNPC Halts Crude-Backed Loans to Finance PH, Warri Refineries

July 9, 2026

CBN Revokes Licences of 46 Microfinance Banks

July 1, 2026
Search
Recent Posts
  • Reps Withdraw State Police Bill, Consider Tinubu’s Executive Proposal
  • Saudi Arabia to welcome LGBTQ visitors ahead of 2034 World Cup
  • Forgery charge: Alleged ‘fake’ PFIPC DG Adeyemi fails to appear in court
  • Mustapha Abdullahi Energy Leadership Fellowship 2026 Begins in Abuja
  • FG Bows to Pressure, Suspends Hike on WAEC, NECO Fees
  • UN, FG Brainstorm innovative financing to fast-track SDGs before 2030
  • Why abducted Oyo teachers were killed by kidnappers — Rescued school principal
  • What Really Happened in Umahi’s House? Young Woman’s Death in Minister’s Residence Raises Troubling Questions
  • FG’s $500m Metering Project Achieves Just 7% of 1.3m Target – NERC
  • Singer Zuchu Announces Split From Diamond Platnumz
  • Higher Food, Energy Costs Could Worsen Poverty in Nigeria – IMF
  • Certificate Scandal: Former Minister Faces ICPC Trial Today
  • INEC Has Uploaded Our Presidential Candidate on Its Portal — Nafiu Gombe, ADC Factional Chairman
  • FG Suspends Proposed WAEC, NECO Examination Fee Hike
  • Gunmen Kidnap 60-Year-Old Oyo Headmaster, Demand ₦30m Ransom
Categories
  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Investigations
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Security
  • Sport
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.