The Federal Government is proposing to spend N65.03bn for the acquisition of various military aircraft, combat equipment, trucks and maintenance of boats among others in the 2016 fiscal period.
Details of this amount are contained in the 2016 budget which President Muhammadu Buhari presented to a joint session of the National Assembly in December, 2015.
A copy of the budget for the military was obtained by our correspondent in Abuja on Tuesday.
The N65.03bn, according to an analysis of the budget document, is part of the total sum of N311.38bn allocated to the Nigerian Army, Navy and Air Force for the 2016 fiscal year.
Out of the N311.38bn, the sum of N139.8bn, made up of capital expenditure of N120.01bn and recurrent expenditure of N19.78bn is allocated to the Nigerian Army.
For the Nigerian Navy, the sum of N85.97bn is allocated for its operations. This amount is made up of N60.33bn for recurrent expenditure and N25.64bn for capital spending.
The Nigerian Air Force has a total budget of N85.61bn, made up of N62.15bn for recurrent expenditure and N23.46bn for capital expenditure.(PunchOnline)
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