Fidelity bank banner Bayelsa State banner
National Assembly passes N7.44 trillion budget for 2017, releases breakdown of its own budget

By Mayowa Okekale, Abuja on 11/05/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 720

•National Assembly leaders, Saraki and Dogara.
•National Assembly leaders, Saraki and Dogara.

The Nigerian Senate and House of Representatives have passed a harmonised 2017 Appropriation Bill with total budget estimates of N7,441,175,486,758.

The National Assembly also released the breakdown of its 2017 Budget of N125 billion, with additional N10 billion to its 2016 Budget of N115 billion.‎

President of the Senate, Bukola Saraki had promised to promote more transparency in the National Assembly upon his election as Senate President, and there have been repeated calls for him to keep that promise by making the budget of the legislative arm of government public.‎

This is the first time in many years that the National Assembly is releasing to the public, details of its spending for a fiscal year.

Senator Dino Melaye commended the National Assembly for making details of its Budget public as captured in the Budget report. He also commended the National Assembly for attaching all the details of the Budget.

Speaking earlier on the Budget, Senate Minority leader, Godswill Akpabio who commended the Senate for doing a thorough job, emphasised on the need to fully implement the Budget.

Going by the details of the Budget, N434.41 billion is for statutory transfers. Debt servicing is to gulp N1.08 trillion; while N177.406 billion is allocated to sinking fund for maturing bonds.

Meanwhile, recurrent expenditure will gulp N2.987 trillion while the sum of N2.177 trillion is for contribution to the development fund for capital expenditure.

Source News Express

Posted 11/05/2017 9:16:03 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Men, beware! Don’t suck your wife’s breast while...

Paris Club refund: Kogi releases N4bn for salaries...

Trump issues new warning to US corporations moving...

Delta Assembly approves Okowa’s request for N30bn bailout...

Rivers Re-Run Elections: National Assembly serving PDP’s interest...

Senate directs FRSC, VIO, SON, Customs to check...

Cultists sack Akwa Ibom community

Jonathan, Buhari, Obiano mourn Owelle Chukwuma Azikiwe

Osun Lecturers protest unpaid salaries

Royal father charms Pastor’s daughter? •She’s under certain...

A Senator’s lamentation: My big tummy has gone...

The economics of team success

 

Latest News Godswill Akpabio’s defection to APC shocked and confused me — Elder brother, Isong Akpabio •Says defection cannot make APC win Akwa Ibom FG close to breakthrough on Leah Sharibu’s release — Presidency •Clears air on Daura’s status Woman pushes friend off bridge NYSC releases names of 9 drowned corps members Why 2019 elections will be Nigeria’s most expensive — INEC MASSOB drops threat to disrupt conferment of chieftaincy title on Ganduje Whistleblower: 5,000 tips received, N11bn recovered — Adeosun Naturalised Americans in danger of losing citizenship as Federal officials review thousands of cases Chinese firm to invest in Nigeria’s digital economy, education Demolition Notice: Ayefele’s house contravenes planning laws — Oyo Govt Cash economy fuelling Boko Haram activities: UN report 2019 Elections: Buhari fully committed to use of PVC, Card Reader — Presidency

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (377,326 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,418 views) Shameless Genevieve Nnaji exposes breasts in public (296,095 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (241,714 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (222,449 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,008 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,427 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,615 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,550 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,156 views) Lagos plane crash: Journalist releases victims’ names (152,614 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (142,930 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,452) Business Verdict (48) Columnists (909) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (527) Features (633) Global Business Monitor (294) International (2,274) Interview (161) Live Commentary (28) Love Matters (134) News (38,048) Opinion (1,057) Pidgin (11) Politics (6,054) Religion (816) Sports (1,646) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Liverpool Destroying West Ham 4-0 - Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement