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Quick Facts: President Buhari presents 2017 Budget to the National Assembly

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Quick Facts: President Buhari presents 2017 Budget to the National Assembly


Quick Facts: President Buhari presents 2017 Budget to the National Assembly

President Buhari, today, presented N7.298 trillion to the National Assembly. Here are some quick facts. .

Capital expenditure to take 30% of the budget. FG proposed to spend about N2.243 trillion on capital projects and N2.9 trillion as recurrent expenditure.

The Benchmark Exchange Rate: N305/$1, Benchmark Oil Price: $42.5/barrel, Oil Production Benchmark: 2.2m bpd. Capital expenditure for power, works and housing N529bn.

capital expenditure for water- 85 billion
capital expenditure for education- 58 billion
health – 51 billion
Niger Delta – N33bn
industry- 81 billion
Transportation – N262bn
defense – 140 million
N100 billion allocated to judiciary

Interior N63bn; UBE commission N92bn; FCT N37bn; Allocation to Presidential Amnesty Programme increased to N65 Billion. .

Top Recurrent Expenditure:
Interior – N482bn
Education – N398bn
Defence – N325bn
Health – N252bn

Estimated aggregate revenue for 2017- 4.94 trillion. Projected oil revenue N1.985 trillion

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treasureAnthony Dugbo Recent comment authors
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Anthony Dugbo
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Anthony Dugbo

Quite understood!

treasure
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treasure

Noted…

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