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FG Allocates N12.4 Billion for Insurance of Sensitive Assets in 2025 Budget

FG Allocates N12.4 Billion for Insurance of Sensitive Assets in 2025 Budget

Nnaemeka OkwarabyNnaemeka Okwara
1 year ago
in Government
Reading Time: 2 mins read
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The Nigerian government has set aside N12.42 billion in the 2025 budget plan to insure important national assets, underscoring efforts to protect critical infrastructure amid growing security and operational risks.

The whole allocations are stipulated in the budget that is presented to Parliament in December for such essential cover for key government property, information technology systems, and other critical resources that are amenable to threats from natural disasters, vandalism, and cyber attacks.

One of the most sensitive assets amenable to pressing intervention and attention is the Nigerian power grid. It collapsed a total of 12 times in the year 2024 and had 128 transmission towers destroyed, thereby leaving much to tell about the weakness of the energy infrastructures in Nigeria. Minister of Power Adebayo Adelabu attributed much of the instability in the sector to deliberate sabotage and vandalism, and not solely to technical failures.

In his submissions to the Senate Committee on Power sometime in November, Adelabu listed the measures to tackle the crisis as improved security of transmission towers, community engagement in the prevention of vandalism, and legislative backing for stricter penalties against sabotage of infrastructure. He also called for increased funding in modernising electrical facilities to further improve power supply reliability.

In addition to infrastructure protection, the 2025 budget has made provisions to set aside N845.28 billion beyond infrastructural safety to meet the new minimum wage of N70,000 in personnel.

This further confirms the government’s pledge to improve civil service conditions as living costs rise. The amount, part of the Service-Wide Vote, is meant to provide for the smooth implementation of the new wage structure of the entire public service sector.

Beyond wage adjustments and infrastructure security, the 2025 “Budget of Restoration” prioritizes key national sectors, with N4.06 trillion allocated to infrastructure, N3.52 trillion to education, and N2.48 trillion to healthcare. All these allocations demonstrate the wider strategy of the government to boost economic growth, improve public services, and strengthen national stability.

Tags: 2025 Budgetassetsfederal characterfederal governmentFG Allocates N12.4 Billion for Insurance of Sensitive Assets in 2025 BudgetNewsNigeria
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Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking. Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation. As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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