2020 Budget: Works, education, power ministries gets lion share for capital expenditure

By Isa Amodu, Abuja

The federal ministries of works and housing, education and power are the three agencies that have taken the largest share of capital expenditure in the recently signed 2020 budget by President Muhammadu Buhari.

Findings by GovernanceNews has shown that the three ministries combined will gulp N629 billion for capital expenditure in the 2020 fiscal year.

A breakdown of the capital expenditure for the top 12 ministries, departments and agencies (MDAs) of government shows that the ministry of works and housing will take the highest share of N315.56 billion, closely followed by ministry of education with N185.34bn and ministry of power with N129.08bn.

Also, federal ministry of agriculture and rural development has N124.40bn, followed by the federal ministry of transportation that has N121.37bn while ministry of defense takes N116bn as capital expenditure.

Other ministries, departments and agencies that complete the list include federal ministry of health with N109bn, federal ministry of water resources with N91bn and federal ministry of science and technology takes N62.88bn.

Others include the federal capital territory administration (FCT) with N62.41bn, while federal ministry of aviation and that of humanitarian affairs, disaster management and social development takes 52.06bn and N61.09bn respectively.

From the budget document seen by GovernanceNews, the federal ministry of health capital expenditure includes the Basic Healthcare Provision Fund (BHCPF) and counterpart funding.

Also, the expenditure for the ministry of education include the Universal Basic Education Commission (UBEC) while the ministry of humanitarian affairs includes provision for social investment.