Friday, 12 January 2024 04:57

NDIC budgets N5.3bn for welfare packages, N8.7bn for training & travels, N1.6bn for media, N991m for refreshments

Rate this item
(0 votes)

Nigeria Deposit Insurance Corporation (NDIC) says it will spend N5.2 billion for the procurement of information communication technology (ICT) software.

This is contained in the 2024 government-owned enterprises (GOE’s) budget proposal submitted to the federal government.

In the proposed budget, the NDIC earmarked a total of N130.2 billion for expenditure and N260.5 billion for revenue.

Out of the proposed expenditure, the corporation intends to spend N5.2 billion on ICT software and N947 million on “IT infrastructure software”.

For the purchase of its fixed assets pegged at N2.1 billion, the GOE looks to spend N703 million on vehicles, N165 million on trucks, N180 million on buses, N330 million on office furniture and fittings, N498 million on photocopying machines, and N220 million on power generating sets.

More so, NDIC allocated N5.3 billion for welfare packages, N1.6 billion for publicity and advertisements, noting that refreshments and meals for the commission would gulp N991 million.

The agency further budgeted N1.3 billion for utilities. This amount will cover electricity charges (N541 million), telephone charges (N239 million), internet charges (N200 million), and software charges and licence renewal (N399 million).

Also included in the budget is N3.5 billion earmarked for maintenance and N3.9 billion for local training.

NDIC said it will also expend N4.8 billion for both local and foreign travel and transport costs.

 

The Cable

April 26, 2025

Nigerian Stock Market dips after three-day rally

The Nigerian stock market ended its three-day bullish streak on Friday with a 0.3% decline…
April 21, 2025

Tunde Bakare to Tinubu: ‘Stop playing God, embrace humility’

In a fiery Easter Sunday state-of-the-nation address delivered in Lagos, Tunde Bakare, the serving overseer…
April 23, 2025

Don’t wait for the ‘perfect’ time to make big life decisions, says Phoenix mayor

Kate Gallego Kate Gallego knew she wanted to run for mayor of Phoenix, but the…
April 26, 2025

Declassified CIA file about UFO aliens attacking soldiers released

A declassified document posted to the CIA’s website is raising eyebrows with claims of an…
April 26, 2025

COINCIDENCE? Three times trucks have rammed into Christian processions in Gombe, The Cable queries

In Gombe state, there is a disturbing trend: vehicles crashing into processions of Christians during…
April 26, 2025

What to know after Day 1157 of Russia-Ukraine war

WESTERN PERSPECTIVE Russia and Ukraine 'very close to a deal', says Trump US President Donald…
April 25, 2025

Artificial sweetener found in diet drinks linked to brain changes that increase appetite, study finds

A growing body of evidence has increasingly linked diet sodas and other no- or low-calorie…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.