ENUGU, Nigeria (VOICE OF NAIJA)- The Senate has approved the removal of 10 Government-owned Enterprises (GoEs), from the 2023 national budget.
GoEs are establishments with the capacity to fund their operations.
The affected agencies include: Federal Inland Revenue Service, (FIRS), Nigerian Communications Commission(NCC), Nigerian Ports Authority (NPA), National Agency for Food and Drugs Administration and Control (NAFDAC), Nigerian Maritime Administration and Safety Agency (NIMASA) and Nigeria Customs Service (NCS).
Others are Corporate Affairs Commission (CAC), Joint Admissions and Matriculation Board (JAMB), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPDRA) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Senate also benchmarked the 2023 national budget at N19.76 trillion.
The decision was sequel to the report of the MTEF/FSP, submitted by the Senate Committee on Finance, chaired by Senator Adeola Olamilekan, which was considered on Wednesday.
The report says: “That 10 out of the 63 GOEs be placed on cost of collections to serve as a test case for other GOEs which can be added in the future. The list of these GOEs include , NCC, CAC, NPA, NIMASA, NUPRC, FIRS, CUSTOMS, NMPDRA, JAMB, NAFDAC, with immediate effect with the proposed finance bill 2023 coming up with the amendment of the existing Act of the above mentioned agencies.”
The breakdown of aggregated 2023 expenditure comprises of a Total Recurrent (Non-debt) of N8.53 trillion; Personnel Costs (MDAs) of N827.8 billion; Capital expenditure (exclusive of transfers) N3.96 trillion; Special Intervention (recurrent) amounting to N350 billion; and Special intervention (capital) of N7 billion.