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2022 budget: NAN proposes N2bn, achieves 72% implementation in 2021

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2022 budget: NAN proposes N2bn, achieves 72% implementation in 2021

Managing Director of the News Agency of Nigeria, NAN, Mr. Buki Ponle, on Thursday presented a total sum of N2, 201, 612, 803.74 as the 2022 budget proposal to the Senate Committee on Information and National Orientation for approval.

This was even as he informed that the agency has achieved 72 percent performance on the 2021 budget as at the end of September from the total release of N1, 511, 712, 681.71

Appearing before the committee, chaired by Senator Danladi Sankara, he said that the capital component of the 2022 budget is N205, 702, 481, overhead; N215, 401, 467 while personnel; N1, 780, 508.

The managing director said that the agency proposed N149, 369, 292 as internally generated revenue, IGR and N205, 702, 481 for procurement proposal.

Ponle said 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.

A fixed asset register is a list of fixed assets that belong to an entity.

He said that the agency would renovate its New York office at the cost N10, 000, 000.


2022 budget: NAN proposes N2bn, achieves 72% implementation in 2021

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

“The capital component was 62 per cent, overhead component performance was 72 per cent and the personnel was 72 per cent.”

He, however thanked the committee for their support saying that without the support, “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.”

A member of the committee, Senator Ibrahim Danbaba queried why N13, 000, 000 would be used for fixed asset register.

He said: “Do you want to say since the creation of the agency there was no fixed asset register. That you are providing money for the creation of asset register in the budget?

Responding, Director Finance and Accounts of NAN, Mr Dele Ojo said “we had in the past.

“Prior to 2016 when I came on board, there was no fixed asset register in place. What happened I don’t know.

“So we decided to take it in piece milk. Our locations spread through the nation. So we capture them and keep the books. We have done 14 states out of the 36 states to capture the inventory for the register.”

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