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2023 Ministry of Transport Budget

Budgets
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Overview

The document is the 2023 Appropriation Act for the Federal Ministry of Transport of Nigeria, detailing its budget allocation. The total allocation for the Ministry (Headquarters) is ₦130,346,188,727, comprising personnel cost (₦17,156,092,973), overhead cost (₦855,830,165), and capital expenditure (₦112,334,265,589). The breakdown by funds shows ₦17,156,092,973 for personnel, ₦855,830,165 for overhead, and ₦112,334,265,589 for capital development. The ministry's headquarters (code 0229001001) receives ₦93,661,778,746, with personnel cost of ₦1,028,170,528, overhead of ₦382,185,472, and capital of ₦92,251,422,746. Other agencies under the ministry include the Nigerian Institute of Transport Technology (₦6,573,856,347), Nigerian Railway Corporation (₦22,386,973,370), National Inland Waterways Authority (₦5,397,506,498), Maritime Academy, Oron (₦1,550,995,188), and Council for the Regulation of Freight Forwarding in Nigeria (₦775,078,578). Detailed line items for headquarters show personnel costs (salaries and allowances), overhead costs (travel, utilities, materials, maintenance, training, other services, consulting, fuel, miscellaneous), and capital expenditure (purchase of fixed assets).

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2023 Ministry of Transport Budget