Thursday, February 25African Business News
Shadow

Tag: Chibuike Rotimi Amaechi

Transport ministry proposes N205b budget for 2021

Transport ministry proposes N205b budget for 2021

Business
The Minister of Transportation, Chibuike Rotimi Amaechi has proposed the total sum of N205.1 billion as capital budget for the ministry in year 2021. Making his presentation before the Joint Committee of the Senate and House of Representatives on Land and Marine Transport, Amaechi said that the proposal was represented to enable the ministry make significant progress on all the ongoing projects. He said that out of the N205 billion, land transport has N204 billion while marine transport has a total of N845 million with overhead cost of N358 million for 2021. “The total capital appropriation of the ministry for 2020 was N70.3 billion; land has N69.6 billion, marine N697 million. About N36 billion representing 51.49 per cent has been released to date with land having N35.9 billion and m...