The Nigerian Airforce has the highest Capital Expenditure Ceiling allocation among parastatals in the Ministry of Defense, as it got N31.97 billion from the ministry’s total Capital Expenditure Ceiling of N120.04 billion for the year 2021.
This was disclosed by The Budget Office of the Federation, in the just-published Federal Government MDAs Detailed Capital Expenditure Ceilings for 2021.
The Nigerian Army came second with 23.22% at N27.87 billion, while the Navy gets 16.92% of the Defence Ceiling at N12.04 billion.
A capital spending ceiling is the maximum amount of money an organization is ready to spend on acquiring or maintaining a capital asset included in a Capex Budget plan.
The Nigerian Airforce has been crucial in Nigeria’s fight against terrorism, as it recently embarked on the “ Operation Hailstorm,” a successful exercise that eliminated key Boko Haram leaders in the Kirta Wulgo and Sabon Tumbun areas of Borno State.