P
ProfRem
Guest
Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly.
Budget Size: N7.298tn (20.4% higher)
Borrowing of N2.36tn:
N1.067tn (Foreign)
N1.25tn (Domestic)
Here are the breakdown of the budget:
Oil : N1.985tn
Non-oil: N1.73tn
Independent: N807bn
Recoveries: N565bn
Other Sources: N210.9bn
N419bn - Statutory Transfers
N1.66tn - Debt Service
N2.9tn - Non-Debt Recurrent Exp
N2.24tn - Capital Exp
Capital provisions in the 2017 budget is N2.24tn
Capital expenditure allocation:
Defence, N140bn;
Water resouces N85bn;
Interior N63bn;
Education N58bn;
UBE commission N92bn;
FCT N37bn
Top Recurrent Expenditure:
Interior - N482bn
Education - N398bn
Defence - N325bn
Health - N252bn
Niger Delta Ministry – 33 Billion
529 billion Power, Housing and Works
150 Billion Special intervention
81 billion industry training
Water Resources - N85bn
Industry,Trade & Inv. - N81bn
More to come....
Budget Size: N7.298tn (20.4% higher)
Borrowing of N2.36tn:
N1.067tn (Foreign)
N1.25tn (Domestic)
Here are the breakdown of the budget:
Oil : N1.985tn
Non-oil: N1.73tn
Independent: N807bn
Recoveries: N565bn
Other Sources: N210.9bn
N419bn - Statutory Transfers
N1.66tn - Debt Service
N2.9tn - Non-Debt Recurrent Exp
N2.24tn - Capital Exp
Capital provisions in the 2017 budget is N2.24tn
Capital expenditure allocation:
Defence, N140bn;
Water resouces N85bn;
Interior N63bn;
Education N58bn;
UBE commission N92bn;
FCT N37bn
Top Recurrent Expenditure:
Interior - N482bn
Education - N398bn
Defence - N325bn
Health - N252bn
Niger Delta Ministry – 33 Billion
529 billion Power, Housing and Works
150 Billion Special intervention
81 billion industry training
Water Resources - N85bn
Industry,Trade & Inv. - N81bn
More to come....
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