The management of the News Agency of Nigeria on Thursday presented its 2022 budget proposal of N2,201,612,803.74 to the Senate Committee on Information and National Orientation for approval.
The Managing Director of the agency, Buki Ponle, made the presentation when he appeared before the committee.
The committee is headed by Senator Danladi Sankara.
Ponle said that the Capital component of the budget was N205,702,481; Overhead N215,401,467; while Personnel will be N1,780,508.
According to him, the sum of N149,369,292 is proposed as Internally Generated Revenue for 2022, while N205,702,481 is budgeted for procurement.
The Managing Director said things to be procured included operation of Fixed Asset Register of the agency in line with the International Public Sector Accounting Standards project of the Federal Government at N13,200,000.
A fixed asset register is a list of fixed assets that belong to an entity.
Ponle said the agency would renovate its New York office at the cost N10,000,000.
On the 2021 budget performance, Ponle said the overall performance level as at the end of September from the total release of N1,511,712,681.71 was at 72 per cent.
He said: “The capital component was 62 per cent, overhead component performance was 72 per cent and the personnel was 72 per cent.”
He, therefore, thanked the committee for its support, saying without the support, “we couldn’t have been where we are.
“Your input to the survival of the agency has really made a positive difference in the operations of the agency.”
The Managing Director was accompanied by Directors and other top management staff of the agency.
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