FG Earmarks N275m For Pipeline Rehab, Oil Database

The Federal Government has earmarked N257.95million for the Nigerian oil and gas pipeline infrastructure rebirth programme, coordination of public service reform as well as the development and management of an oil and gas database for the country.
This was contained in the budget of the Ministry of Petroleum Resources in the 2020 Appropriation Proposal presented by President Muhammadu Buhari to the National Assembly.
Specifically, the Petroleum Ministry planned to spend N127.950million for the development and management of the ministry’s oil and gas database; N30million for coordination of public service reform to; and N100 for the Nigerian oil and gas pipeline infrastructure rebirth.
In addition, the ministry budgeted N151.36million for legal services and litigation; N75.668million for the implementation of the new gas policy; N113.5million, N87.02million and N113.5million for oil and gas sector reforms, implementation of seven big wins, and automation of Ministry of Petroleum Resources operations e-library and annual subscription, respectively.
The Federal Government is also proposing N207.33million for the development of critical managerial competencies including International Public Sector Accounting Standard (IPSAS), for the oil and gas sector within the relevant MDAS, legislature and FAAC; and N71.885million for the national oil and gas production economic model.
“A total of N1.452billion was presented for 2020 Appropriation. There are nine projects rolled over from 2019 and four new ones. For personnel, a total of N690.160million is presented for 2020 Appropriation, while for overhead; a total of N736.255million is presented for appropriation. Some overhead items are considered very important so, the Ministry desires adjustment as presented,” the ministry stated.