Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly.
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
