JANUARY


1st President Babangida presents 1989 budget.

Budget Summary

1989                –           N30.107 billion

1988                –           N24.294 billion

Recurrent

1989            –        N20.810 billion

1988            –        N13.710 billion

Capital                

1989            –        N9.297 billion

1988            –        N10.584 billion

Revenue

1989                –           N29.414 billion

1988                –           N28.102 billion

Foreign Exchange Budget

Expected earning                                –           6.679 billion dollars

Domestic use                                       –           3.157 billion dollars

Debt Service                                       –           2.004 million

External accounts balance                   –           3.224 million

1989 BUDGET: SECTORAL ALLOCATION

MINISTRY/DEPARTMENT             1988            –        1989

Presidency:

Office of the Sec.

to the Fed. Govt.                                            362, 078,710               369,864,650

Presidency:                                                   

Gen. Staff Headquarters                                 123,985,970                140,795,720

Presidency:   

Planning & Budget Office                              883,542,920                293,265,780

Presidency:   

Police:                                                             521,025,930                644,025,930

Presidency:                                                   

Police Affairs Department                              9,030,940                    10,126,420

Ministry of Agriculture

Water Res. & Rural Dev.                                54,324,600                  88,139,600

Fed. Audit Dept                                             6, 225,910                    8,624,300

Judiciary.                                                         24,031,320                  72,740,100

National Industrial Court                                     813,230                        861,630

Ministry of Communication                            80,837,590                  101,023,900

Ministry of Defence                                        830,000,000                957,288,410

Ministry of Education                                     248,207,840                067,169,030

Fed. Capital Territory                                       15,933,065                    2,606,630

Min. of External Affairs                                 440,618,560                464,309,900

Min. of Fin. & Econ                                          84,832,940                   62,641,770

Dept. Min. of Health                                      259,938,460                326,638,700

Min. of Industry                                               38,761,280                   41,617,990

Min. of Information & Cul.                            146,408,060                184,342,290

Min. of Internal Affairs                                  262,533,750                287,648,180

Advisory Judicial Comm.                                      160,100                       175,980

Ministry of Justice                                          153,153,050              018,251,790

Min. of Employment Labour

& Productivity                                                            134,669,600                139,506,690

Min. of Mines, Power & Steel                                        14,202,029                  19,652,040

Min. of Science & Tech                                  102,326,780               125,107,000

Min. of Social Dev. Youth and Sports                        162,784,940               198,658,480

Civil Service Commission                                  40,320,910               43,882,670

National Population    Commission                     5,871,280                10,423,640

Min. of Trade                                                      31,224,870                      37,003,420

Min. of Transport                                              25, 963, 310                28,315,590

Min. of Pet. Res.                                                  58,304,480                59,913,170

Min. of Works & Housing                              432,906,750                         449,625,050

Min. of Aviation                                             36,043,340                           41,083,030

National Elec. Com.                                        40,000,000                           40,000.000

Contingencies                                                               100,000,000                            100,000,000

National Univ. Corn.                                         500,000,000                         575,000,000

National Board for Tech Education                  54,122,230                       77,654,540

Rev. Mob. Corn.                                                   2,000,000                      2,000,000

Sub-total                                                         6,129,365,050               7,074,868,160

Consolidated Rev. Charges:                             663,772,230              705,188,960

(Excluding Interest Repayment)

Consolidated Revenue Charges:                          915,556,000                  3,030,000

(interest Repayment)

GRAND TOTAL:                                                 13,708.694,010              20,810,057,120

9th Two special envoys from Dauda Jawara of Gambia and Joseph Momoh of Sierra-Leone visit President Babangida.

13th IBB leaves Lagos for Accra on a three-day official visit.

14th FG launches new industrial policy.

16th Promulgation of  “code of conduct”  tribunal Decree No. 1, 1989 against abuse of office by public officers.

18th 7 senior officers of the Nigerian Airforce retire from active service. They are:

  • Air Vice – Marshal Hamza Abdullahi, Minister for Federal Captial Territory (FCT) Abuja
  • Air Vice Marshal Larry Koinyan, Chairman of the Directorate of Food, Roads, and Rural Infrastructure.
  • Air Vice Marshal Ishaya Shekari.
  • Air Vice Marshal Vincent Aleideno.
  • Air Vice Marshal George Ayo.
  • Air Vice Marshal Francis Mokonobi.
  • Air Commodore Shade Awe.

23rd General Babangida visits Ondo State where he declares the 800-year old palace of Deji of Akure a national monument.

25th President Babangida resents the erection of his statue by market women in Akure on religious grounds.

29th IBB departs Lagos for Cairo, Egypt, on a four-day official visit.