Case Stimulus
In carrying out its oversight functions regarding the finances of Wellbeing Republic, the Senate Committee on Finance and Appropriations received the proposed budget of the Ministry of Interior for 2026. The Ministry included the actual revenues and expenditures for 2025 as follows:
Actual 2025 Proposed 2026
N’000 N’000
Revenue:
Ministry’s share of FAAC (statutory revenue) 50,330,000 58,500,000
Aids and grants 1,300,000 2,250,000
Expatriate quota fees 3,500,000 4,750,100
Marriage services 2,460,300 2,020,500
Citizenship processing 460,350 805,000
Business registration 1,250,000 1,980,000
Other revenues 132,200 200,500
Total revenue 59,432,850 70,506,100
Expenditure:
Recurrent expenditure:
Personnel costs 26,450,000 30,300,000
Grants and contributions 1,200,000 2,020,000
Overhead expenditure 1,100,000 1,320,000
Depreciation charges 230,000 400,500
Impairment charges 57,500 55,000
Security expenses on properties 1,200,000 2,250,000
Procurement: Consumables and services 31,200 25,800
Total recurrent expenditures 30,268,700 36,371,300
Capital expenditure:
Investment on buildings 3,450,000 6,500,000
Investment on machinery and equipment 4,500,000 7,200,000
Investment on technology 3,500,000 4,200,500
Investment on aircraft for surveillance 9,300,000 15,500,000
Total capital expenditure 20,750,000 33,400,500
Total expenditure 51,018,700 69,771,800
Budget surplus/(Deficit) 8,414,150 734,300