Budget 2025: Federal Government allocates N175.84 billion for workers

Budget 2025: Federal Government allocates N175.84 billion for  workers life  insurance, Lagos  rail network, "sensitive assets" insurance.

The Federal Government has allocated N175.84 billion in the 2025 budget to  meet key national priorities  related to labor welfare, infrastructure development and  protection of strategic  assets.
A summary shows that N146.14 billion  has been budgeted as counterpart  funds for the Lagos Green Line Metro project, a 68km  railway network that  stretches from the Lekki Free Zone to Marina, connecting  the main areas of Lagos, including Victoria Island, Lekki and  Ahh.
In addition, N17,313,619,734  was allocated for  group life insurance coverage.
The initiative will benefit employees of Ministries,  Departments and Agencies (MDAs), members of the National Youth Service Corps (NYSC) and critical security agencies such as the Department of State Services  (DSS) .
The proposed 2025 budget also includes N12,420,122,743 for  "sensitive assets" insurance, which is an essential measure to  protect critical infrastructure and resources  against growing risks. The allocation  is intended to provide financial protection for government  assets, facilities, and systems  essential to the  country's operational stability. It covers  critical infrastructure, IT  systems, and other strategically  important assets, all of which face  increasing threats from natural disasters to vandalism and  cyberattacks.
In addition, the budget  allocates significant funds to other critical sectors, including  $4.06 trillion for infrastructure,  $3.52 trillion for education, and  $2.48 trillion for  healthcare, which many analysts  say reflects a comprehensive approach to national  sustainability and  development.
When it comes to securing sensitive national assets, social scientists  advise the federal government to focus  heavily on the national grid, which has come under  constant attack in recent  months.
The accompanying effects have been  dire, with citizens suffering  devastating power outages and businesses suffering traumatic financial  losses. In 2024, Nigeria's power sector  faced significant setbacks, including  12 alarming  blackouts of the national grid and the destruction of 128 transmission towers, highlighting the vulnerable state of the country's  power infrastructure.
However, the Minister of Power, Adebayo Adelabu, recently clarified that the  power outages that occurred during the year were not solely the result of grid  failures, but were  mainly due to sabotage and vandalism of key power  infrastructures under  the jurisdiction of his  ministry.
He highlighted deliberate and malicious actions that have undermined efforts to ensure  a stable  power supply across the country, further complicating the  challenges in this sector.

As for the N146.14 billion counterpart funding  from the Federal Government for the Lagos Green Line Metro  Project, the money will be allocated to the Ministry of Finance (MOFI), which will manage the funds on behalf of the Ministry of Transport to advance the  development of the project. .
The allocation is part of the N49.74 trillion budget  proposed for the 2025  financial year and  is part of the Ministry of Transport's overall budget of N256.73  billion to support its key  initiatives.

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