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2023 Ministry of Power Budget

Budgets
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Overview

The document is an excerpt from the 2023 Appropriation Act of the Federal Republic of Nigeria, specifically detailing the budget allocation for the Federal Ministry of Power and its associated agencies. The total allocation for the Ministry of Power in 2023 is 258,494,986,301 Nigerian Naira, broken down into personnel costs (5,320,156,125), overhead costs (1,565,303,188), and capital development funds (251,609,526,988). The allocation is distributed among six key entities: the Federal Ministry of Power Headquarters (162,888,234,191), National Rural Electrification Agency (58,646,486,116), Nigerian Electricity Management Services Agency (NEMSA) Headquarters (3,764,959,858), National Power Training Institute (3,723,234,589), Nigeria Electricity Liability Management Limited (1,107,431,988), and Transmission Company of Nigeria (28,364,639,559). The document provides detailed breakdowns for personnel and overhead costs, including line items for salaries, allowances, travel, utilities, materials, maintenance, training, and other services. This budget reflects the Nigerian government's financial commitments to the power sector for the fiscal year 2023, focusing on both operational expenses and capital investments to improve electricity infrastructure and services.

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2023 Ministry of Power Budget