Overview

The document is a detailed budget allocation for the Federal Ministry of Industry, Trade and Investment in Nigeria for the 2016 fiscal year, as part of the Appropriation Act of the Federal Republic of Nigeria. It provides a comprehensive breakdown of expenditures across personnel costs, overhead costs, recurrent costs, and capital development funds. The total allocation for the ministry is ₦16,296,622,303, comprising ₦8,768,978,779 for personnel, ₦1,641,315,679 for overhead, ₦10,410,294,458 for total recurrent, and ₦5,886,327,845 for capital. The summary covers various agencies under the ministry, including the Ministry Headquarters, Standards Organization of Nigeria, Centre for Automotive Design and Development, National Automotive Council, Industrial Training Fund, Nigerian Export Promotion Council, Financial Reporting Council of Nigeria, Nigerian Export Processing Zones Authority, Consumer Protection Council, Lagos International Trade Fair Complex Management Board, External Trade Sector Geneva (WTO), Onne Oil and Gas Free Zone Authority, Tafawa Balewa Square Management Board, Nigeria Commodity Exchange, Nigeria Trade Offices in Taiwan and China, SMEDAN, and Nigerian Investment Promotion Council. Each entity's budget is broken down into personnel, overhead, recurrent, and capital allocations. The most detailed section is for the Ministry Headquarters, which lists specific items under personnel cost (salaries and allowances) and overhead cost (travel, utilities, materials, etc.). The document is a formal government appropriation act, reflecting Nigeria's federal budget process.

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