The Economic and Financial Crimes Commission (EFCC) has announced plans to allocate N18 billion for allowances in 2025.
This figure is part of the proposed 2025 budget currently under consideration and awaiting approval by the national assembly.
As per the appropriation bill, the EFCC’s total budget for 2025 stands at approximately N62.2 billion.
This budget includes personnel costs (N38.6 billion), overheads (N20.9 billion), and capital expenditure (N2.2 billion).
Within the allowance budget, N1.7 billion is designated for “non-regular allowances,” while “regular allowances” are set at N16.7 billion.
Other proposed expenditures for the EFCC include welfare packages (N1.4 billion), fuel and lubricants (N2 billion), financial charges (N1.2 billion), construction and provision of office buildings (N1.1 billion), and maintenance services (N2.1 billion).
The EFCC also plans to allocate N4.9 billion for “local travel and transport,” with “international travel and transport” expected to cost N1.7 billion.
The proposed budget includes N800 million for the purchase of fixed assets.
On Wednesday, President Bola Tinubu unveiled the N49.7 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity.”
In his address to the national assembly, Tinubu stated that it was time “we rewrite Nigeria’s narrative together.”
The primary focus of next year’s budget will be the defence, infrastructure, health, and education sectors.
