NAN Defends 2022 Budget Proposal of N2.2bn

NAN Defends 2022 Budget Proposal of N2.2bn

The management of the News Agency of Nigeria (NAN) has presented the 2022 budget proposal of N2, 201, 612, 803.74 to the Senate Committee on Information and National Orientation for approval. Jamb Result

NEWS DAIRY reports that the presentation was made by the Managing Director of the agency, Mr Buki Ponle at a committee headed by Sen. Danladi Sankara for defence of the agency’s 2022 budget.

Mr Buki Ponle was accompanied by directors and other top management staff of the agency.

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Mr Buki Ponle revealed that the Capital component of the budget was N205, 702, 481, Overhead; N215, 401, 467 and Personnel; N1, 780, 508.

According to Mr Buki Ponle, the sum of 149, 369, 292 has been proposed as Internally Generated Revenue (IGR) for 2022 while  N205, 702, 481 is budgeted for procurement.

NEWS DAIRY reports that the managing director revealed that the projects to be procured included operation of Fixed Asset Register of the agency in line with the International Public Sector Accounting Standards (IPSAS) project of the Federal Government at N13, 200, 000. Information Guide Nigeria

The Managing Director added that the agency would renovate its New York office at the cost N10,000,000.

On the 2021 budget performance, Ponle said the overall performance level as of the end of September from the total release of N1, 511, 712, 681.71 was at 72 per cent.

Speaking about the 2021 budget, the Managing Director said, “The capital component was 62 per cent, overhead component performance was 72 per cent and the personnel was 72 per cent.”

While appreciating the committee for their support, he said, “we couldn’t have been where we are.

“Your input to the survival of the agency has really made a positive difference in the operations of the agency.”

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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