Monday, June 14, 2010

Goodluck Nigeria!

GoodLuck Nigeria: FG seeks 10Billion for Independence day.

Ten billion naira(675M$) will be spent by the Federal Government to celebrate the 50th Anniversary of Nigeria’s independence in October. This was the highlight of the N639 billion naira Supplementary Appropriation Bill that President Goodluck Jonathan sent to the National Assembly for approval June 1st 2010.
A breakdown of the expenditure shows that N950 million is budgeted for anniversary parade including march past, fleet review and aerial display, while another N350 million will be expended on  national unity torch and tour.
First Lady Mrs. Patience Jonathan will spend N50 million for a special visit to special homes, orphanages, prisons and selected hospitals, while N20 million will be used to sponsor a special session of the National Children Parliament. Another N20 million will used to organise a party for 1000 children.
The government will further spend N40 million to organise a Presidential banquet, N50 million for calisthenics performance, N310 million for cultural, historical and military exhibitions while another N40 million will go for what the government called “food week.”
Other monies to be gulped by the 50th anniversary birthday bash include N320 million on secretariat equipment, accommodation, logistics and utilities while N30 million is budgeted for the designing and unveiling of the 50th anniversary logo.
Similarly, the Ministry of Information and Communications will spend N1.2 billion for insertion of special reports on Nigeria in both local and international media, another N320 million will be spent on jingles, adverts, billboards, documentary and publicity, while the Ministry of Foreign Affairs will receive N105 million for an undisclosed expenditure.
To mark the 50th independence anniversary, the government has also budgeted N700 million to accommodate and transport special guests both from within and outside the country. Another N450 million will be used to finance the production of branded souvenirs and gift items for foreign heads of state and to erect a coat of arms on Aso Rock.
Also as part of the bash, a variety gala night and fireworks will gulp N210 million naira; an international friendly football match and local competition will gulp N200 million while event managers and producers will take home N120 million naira. Designing and publication of a compendium on Nigeria will cost N400 million, while a similar one on the legislature will cost N150 million and a compendium on the judiciary will cost N50 million. Commissioning  of the golden jubilee plaza will cost N10 million naira; while designing, construction and mounting of Tower of Unity in the 36 states of the Federation will gulp another N540 million.
Debates, essays, conferences, lectures, and a colloquium will gulp yet another N150 million; musical concerts and carnivals in the 6 geo-political zones will cost N60 million; durbar, masquerades and cultural dances will consume N100 million and designing and construction of 10 symbolic monuments of founding fathers of Nigeria will swallow up N80 million naira.
A memory tone at the Tafawa Balewa Square, Lagos will consume N40 million, security and protocol will cost N500 million naira while N25 million has been budgeted for medicals during the same anniversary.

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