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A total of 56 government-owned enterprises (GOEs) will collectively spend N75.2 billion for travel and transport expenses in 2024.
The agencies’ expense is detailed in a budget proposal to the federal government published by the ministry of budget and national planning.
The GOEs are entities set up and controlled by the government to partake in commercial practices.
In Nigeria, they are also called “Super Agencies” because of the enormous financial resources at their disposal.
In the earmarked N75.2 billion to be spent on trips, N51.4 billion would be spent on local transport, while N23.8 billion would go into international travel.
Out of the 56 agencies, Nigerian Civil Aviation Authority (NCAA) tops the list with the highest amount to be spent on travel with N8.3 billion, followed by the Federal Airport Authority Of Nigeria (FAAN) with N6.5 billion, N5.8 billion, and Federal Inland Revenue Service (FIRS) with N5.6 billion.
On the other hand, the three GOEs with the lowest budget for travel and transport are; National Office for Technology Acquisition And Promotion (NOTAP) with N21 million, Nigerian Export Promotion Council (NEPC) with N15 million and Nigeria Integrated Water Management Commission (NIWMC) with N12 million.
Below are the top 10 agencies with the highest budget for travel and transport in 2024.
TOP TEN AGENCIES WITH THE HIGHEST BUDGET FOR TRAVEL
S/N GOEs Amount
1. Nigeria Civil Aviation Authority N8.3 billion
2. Federal Airport Authority Of Nigeria N6.5 billion
3. Federal Inland Revenue Service N5.8 billion
4. Joint Admission And Matriculation Board N5.6 billion
5. Nigerian Communication Commission N5 billion
6. Nigeria Deposit Insurance Corporation N4.8 billion
7. National Automotive Design And Development Council N4 billion
8. National Health Insurance Scheme N3.1 billion
9. Nigerian Content Development & Monitoring Board N3 billion
10. Nigerian Upstream Petroleum Regulatory Commission N2.6 billion
Recently, President Bola Tinubu slashed the number of people on entourages for international and local travel by 60 percent.
The move came a month after controversy trailed the federal government spending at least N2.7 billion to sponsor delegates that attended the United Nations’ annual climate summit, COP28 in Dubai.
