EXPLANATORY MEMORANDUM This Act provides for the issue out of the Consolidated Revenue Fund of the Federation the total sum of=N=1,799,938,243,138.00 (one trillion, seven hundred and ninety-nine billion, nine hundred and ninety-eight million, two hundred and forty-three thousand, one hundred and thirty-eight Naira) only of which the sum of =N=89,600,OOO,OOO.OO(eighty-nine billion, six hundred million Naira ) only is for statutory transfers and the sum of =N=355,723,OOO,OOO.OO(three hundred and fifty-five billion, seven hundred and twenty- three million Naira) only is for debt service, while the sum of ==N==737,330,997,094.00(seven hundred and thirty-seven billion, three hundred and thirty million, nine hundred and ninety-seven thousand, ninety-four Naira) only is for recurrent (non-debt) expenditure and the balance of =N=617,284,246,044.00 (six hundred and seventeen billion, two hundred and eighty-four million, two hundred and forty-six thousand, forty-four Naira) only is for contribution to the development fund for capital expenditure of the Government of the Federation for the year ending 31st December, 2005.
THE APPROPRIATION ACT, 2005
ARRANGEMENT OF SECTIONS TION: 1. Issue and Appropriation of =N= 1,799,938,243,138.00 from the Consolidated Revenue
Fund for 2005.
2. Release of funds from the Consolidated Revenue Fund of the Federation 3. Virement 4. Excess Revenue 5. Special Fund Account 6. Authorisation 7. (i) Monthly Report
(ii) Quarterly Report 8. Waiver not to incur expenditure 9. Short title
Schedule Part A- Statutory Transfers Part B- Debt Service Part C- Recurrent (Non-Debt) Expenditure Part D- Capital Expenditure
APPROPRIATION ACT, 2005
A BILL
FOR
AN ACT TO AUTHORISE THE ISSUE FROM THE CONSOLIDATED REVENUE FUND OF THE FEDERATION THE TOTAL SUM OF =N=1,799,938,243,138.00 (ONE TRILLION, SEVEN HUNDRED AND NINETY-NINE BILLION, NINE HUNDRED AND TIllRTY-EIGHT MILLION, lWO HUNDRED AND FORTY TIIREE THOUSAND, ONE HUNDRED AND THIRTY EIGHT NAIRA) ONLY OF WHICH THE SUM OF =N=89,600,OOO,OOO.OO(EIGHTY-NINE BILLION, SIX HUNDRED MILLION NAIRA) ONLY IS FOR STATUTORY TRANSFERS AND THE SUM OF =N=355,723,OOO,OOO.OO(THREE HUNDRED AND FIFfY-FIVE BILLION, SEVEN HUNDRED AND lWENTY-THREE MILLION NAIRA) ONLY IS FOR DEBT SERVICE, WHILE THE SUM OF =N=737,330,997,094.00(SEVEN HUNDRED AND THIRTY-SEVEN BILLION, THREE HUNDRED AND THIRTY MILLION, NINE HUNDRED AND NINETY-SEVEN THOUSAND, NINETY-FOUR NAIRA) ONLY IS FOR RECURRENT (NON-DEBT) EXPENDITURE AND THE BALANCE OF =N=617,284,246,044.00 (SIX HUNDRED AND SEVENTEEN BILLION, lWO HUNDRED AND EIGHTY FOUR MILLION, TWO HUNDRED AND FORTY SIX THOUSAND, FORTY FOUR NAIRA) ONLY IS FOR CONTRIBUTION TO THE DEVELOPMENT FUND FOR CAPITAL EXPENDITURE OF THE GOVERNMENT OF THE FEDERATION FOR THE YEAR ENDING 31 ST DECEMBER, 2005.
ENACTED by the National Assembly of the Federal Republic of Nigeria:
1. (1) The Accountant-General of the Federation shall, when authorised to do so by warrants signed by the Minister charged with responsibility for finance, payout of the Consolidated Revenue Fund of the Federation during the year ending 31st December 2005 the sums specified by the warrants, not exceeding in the aggregate =N=1,799,938,243,138.00 (one trillion, seven hundred and ninety-nine billion, nine hundred and thirty-eight million, two hundred and forty three thousand, one hundred and thirty-eight naira).
(2) The amount mentioned in subsection (l) of this section shall be appropriated to heads of expenditure as indicated in the Schedule to this Act.
(3) No part of the amount aforesaid shall be issued from the Consolidated Revenue Fund of the Federation after the end of the year mentioned in subsection (1) of this section.
Issue and Appropriation of=N= 1,799,938,243,138.00 from the Consolidated Revenue Fund for 2005.
Schedule
All amounts appropriated under this Act shall be released from the Consolidated Revenue Fund of the Federation only for the purposes specified in the Schedule to this Act.
Release offunds trom the Consolidated RevenueFund. Scbedule.
In the event that the implementation of any of the projects intended to be undertaken under Virement this Act cannot be completed without virement, such virement shall only be effected with the prior approval of the National Assembly.
f. (1) The Accountant-General of the Federation shall immediately upon the coming into force Excess revenue of this Act maintain a separate record for the documentation of revenue accruing to the Consolidated Revenue Fund in excess of oil price benchmark adopted in this Budget.
(2) Such revenues as specified in sub-section (l) of this section refers to revenue acruing from sales of government crude in excess of $30 per barrel.
The Accountant-General of the Federation shall immediately upon the coming into force of Special Funds Account this Act create an account in the Central Bank of Nigeria for all monies accruing into the Consolidated Revenue Fund of the Federal Govenunent from the Special Funds impounded by Executive Order of the President of the Federal Republic of Nigeria.
6. No funds shall be paid out of the monies arising from the record specified in section 4 and Authorisation the account specified in section 5 of this account except by an Act of the National Assembly.
7. (I) The Accountant-General of the Federation and the Governor of Central Bank of Nigeria Monthly Report shall immediately upon the coming into force of this Act furnish the National Assembly, on a monthly basis, the status of the record as referred to in section 4 and Account referred to in section 5 and all other government accounts.
(2) All Accounting Officers of Ministries, Parastatals and departments of govenunent who Quarterly Report control heads of expenditure shall present to the National Assembly quarterly reports detailing the progress of implementation of the provisions of tins Act.
8. Where, due to revenue shortfall, amounts appropriated under this Act cannot be funded, the Minister of Finance shall seek from the National Assembly a waiver not to incur such expenditure.
Waiver not to incur expenditure
9. This Act may be cited as the Appropriation Act, 2005. Short title
SCHEDULE PART A- STATUTORY TRANSFERS
Sections 1(2) and 2
.D STATUTORY TRANSFERS 2005
National Judicial Council Niger Delta Development Commission Universal Basic Education Total: Statutory Transfer
APPROPRIATION 33,000,000,000 28,800,000,000 27,800,000,000 89,600,000,000
AD NATURE OF DEBT
1 2
Domestic Debts Foreign Debts Total: Debt Services
SCHEDULE PART B - DEBT SERVICE
2005
APPROPRIATION 185,749,000,000 169,974,000,000 355,723,000,000
SCHEDULE PART C - RECURRENT NON-DEBT EXPENDITURE
EAD 2005
MINISTRYIDEPARTM ENTIA GENCY
10000 Presidency 0000 Intergovernmental Affairs, Special Duties and Youth Development 10000 Police AffairslPolice Force ;0050 Police Formation & Command WOOO Women Affairs 50000 Agriculture & Rural Development 50000 Office of the Auditor-General of the Federation 80000 Independent Corrupt Practices and Other Related Offences Commissions 90000 Water Resources 00000 DefencelMOD/Anny/AitforcelNavy 10000 National Population Commission 20000 Education ;30000 Federal Capital Territory ;40000 Foreign Affairs 340002 Foreign Affairs- Overseas Missions 350000 Finance ')000 Health
J 10000 Industry 380000 Information and National Orientation 390000 Internal Affairs 400000 Office of the Head of Service of the Federation 410000 Justice 420000 Labour and Productivity 430000 Power and Steel 440000 Science and Technology 450000 Sports and Social Development 460000 Public Complaints Commission 480000 Commerce 490000 Ministry of Transport 500000 Petreoleum Resources 510000 Works 520000 Communication 530000 Housing & Urban Development 580000 Solid Minerals Development ;90000 Aviation 600000 National Salaries and Wages Commission 620000 Environment 630000 Co-operation and Integration in Africa 640000 Revenue Mobilisation Fiscal & Allocation Commission 650000 Culture and Tourism 700000 Office of the National Security Adviser
TOTAL EXECUTIVE
FEDERAL EXECUTIVE BODIES 470000 Federal Civil Service Commission 540000 Independent National Electoral Commission 610000 Federal Character Commission 660000 Code of Conduct Bureau
TOTAL FEDERAL EXECUTIVE BODIES THE LEGISLATURE
APPROPRIATION 36,844,722,924 13,978,105,946 1,552, I91 ,633
71,169,812,145 766,262,913
10,858,759,540 2,763,634,079 633,761,688
2,750,554,215 90,333,808,875 2,864,556,397
92,594,737,799 o
4,560,476,987 25,061,379,329 8,067,279,190
50,032,826,091 1,589,623,177
11,392,757,436 32,008,254,972 3,859,687,401 4,663,239,670 3,922,415,245 2,179,762,115 5,829,992,689 2,909,989,897 819,940,651
1,896,422,775 2,869,727,464 6,644,841,036
21,615,893,309 3,874,172,978 4,819,626,334 1,806,476,325 1,036,940,005 134,317,568
2,712,521,104 484,894,555 643,442,691
4,055,132,604 14,160,607,965
550,763,549,717
398,735,187 4,866,241,050 798, 108,630 511,523,040
6,574,607,907
)0 National Assembly Office 4,934,686,528 50 Senate 14,719,767,267 "-''1--f-)0 House of Representatives 21,892,061,689 )0 National Assembly Service Commission 414,517,612 05 Legislative Aides 3,507,791,105 06 PAC Secretariat (Senate) 75,000,000 07 PAC Secretariat (House) 75,000,000
National Assembly Part II General Services 4,276,906,847 TOTAL NATIONAL ASSEMBLY 49,895,731,049 Consolidated Revenue Fund Charges Pension - Pay As You Go System 81,650,000,000 Pre-1996 Nigeria Railway Corporation Pension 1,850,000,000 Other Pension Reform Act 2004 Payments Life Insurance for Public Servants 5,690,000,000 Payment into the Redemption Fund 16,858,386,530 Service-Wide Votes Public Service Wage Adjustment 3,848,721,890 2003 Arrears of Monetization (October to December 2003) 2,600,000,000 Arrears of Rent (Pre motetization) 2,100,000,000 Contribution to International Organisations 3,500,000,000 Margin for Increases in Costs 1,000,000,000 Contingency 7,500,000,000 Public Service Reforms 3,500,000,000 TOTAL OTHER RECURRENT NON DEBT 130,097,108,420 TOTAL RECURRENT EXPENDITURE 737,330,997,094
SCHEDULE PART D - CAPITAL EXPENDITURE
2005 EAD MJNISTRYIDEPARTMENT/AGENCY
APPROPRIATION THE EXECUTIVE =N==
)0000 Presidency 32,904,026,920 lOOOO Intergovernmental Affairs, Special Duties and Youth Development 2,140,500,000 soooo Police AffairslPolice Force 10,745,231,590 30050 Police Formation & Command 9,550,000,000 tOOOo Women Affairs 1,045,987,500 50000 Agriculture & Rural Development 9,615,950,268 60000 Office of the Auditor-General of the Federation 699,000,000 )000 Independent Corrupt Practices and Other Related Offences Commission 450,000,000
yoooa Water Resources 70,323,457,333 00000 DefencelMODI Army/Airforce/Navy 21,535,160,001 10000 National Population Commission 10,299,600,000 ,20000 Education 27,440,790,000 ,30000 Federal Capital Territory 62,820,000,000 140000 Foreign Affairs 2,500,000,000 ;40002 Foreign Affairs- Overseas Missions 1,002,902,000 ~50000 Finance 9,167,853,779 360000 Health 21,652,600,001 370000 Industry 2,031,500,000 380000 Information and National Orientation 9,011,943,727 390000 Internal Affairs 10,718,332,000 400000 Office of the Head of Service of the Federation 2,273,172,000 410000 Justice 1,760,750,000
JO Labour and Productivity )0 Power and Steel 0'0 Science and Technology 00 Sports and Social Development 00 Public Complaints Commission 00 Commerce 100 Ministry of Transport 100 Petreoleum Resources 100 Works 100 Communication )00 Housing & Urban Development )00 Solid Minerals Development )00 Aviation )00 National Salaries and Wages Commission JOO Environment 000 Co-operation and Integration in Africa 000 Revenue Mobilisation Fiscal & Allocation Commission 000 Culture and Tourism 000 Office of the National Security Adviser
TOTAL EXECUTIVE FEDERAL EXECUTIVE BODIES
')0 Federal Civil Service Commission ,,,00 Independent National Electoral Commission )000 Federal Character Commission )000 Code of Conduct Bureau
TOTAL FEDERAL EXECunvE BODIES THE LEGISLATURE
0000 National Assembly Office 0050 Senate 0100 House of Representatives 0200 National Assembly Service Commission
TOTAL NATIONAL ASSEMBLY CAPITAL SUPPLEMENTATION Recapitalization of Development Banks Bank of Industry Limited Federal Mortgage Bank of Nigeria Limited Nigerian Agricultural & Cooperative Bank Limited Micro-credit fund to be managed by Nigerian Agriculture & Coop Bank Ltd
Capitalization of Nigerian Petroleum Development Company Payment to local contractors Counterpart Funding Adjustment to capital costs TOTAL CAPITAL SUPPLEMENTATION TOTAL-CAPITAL EXPENDITURE TOTAL (Recurrent & Capital Expenditures) GRAND TOTAL
2,670,345,239 91,114,653,404 'L--LS-- 15,324,800,000 1,637,500,000 100,000,000
2,764,300,000 10,188,786,636
922,160,000 87,947,562,720 2,941,250,000 5,572,406,462 5,140,000,000 6,852,500,000
85,000,000 3,905,989,301 781,750,000 347,500,000
8,955,498,655 1,000,000,000
567,940,759,535
180,000,000 920,000,000 976,760,000 230,000,000
2,306,760,000
1,868,300,000 1,388,375,509 2,210,051,000
70,000,000 5,536,726,509
5,000,000,000 5,000,000,000 5,000,000,000 2,500,000,000
o 20,000,000,000 3,000,000,000 1,000,000,000
41,500,000,000 617,284,246,044
1,354,615,243,138 J,799,938,243,138
I CERTIFY, IN ACCORDANCE WITH SECTION 2(1) OF fHE ACTS AUTHENTICATION ACT, CAP. A2, THE LAWS OF THE FEDERATION OF NIGERIA, 2004 THAT nns IS A TRUE COPY OF THE BILL PASSED BY BOTH HOUSES OF THE NATIONAL ASSEMBLY.