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Thursday, May 11, 2017

SEE FULL DETAILS...National Assembly publishes its budget first time ever [Breakdown]

hehehehe.........The National Assembly, for the first time ever, published the details of its budget on Thursday.
This is in fulfilment of promise by President of the Senate, Bukola Saraki, that the 8th NASS will publish its 2017 budget.
After many months, the National Assembly today sucumbed to wishes of Nigerians and published the details of its 2017 budget. According to the documents released online, the National Assembly will spend N125 billion.
A breakdown of the estimates shows that the National Assembly gets N14.9bn; Senate N31.3bn; House of Representatives N49bn; National Assembly Service Commission N2.4bn; legislative aides N9.6bn; Public Accounts Committee (Senate), N118.9m; Public Accounts Committee (Reps), N142.7m; general services, N12.5bn; National Assembly Legislative Institute, N4.3bn; and service wide vote, N391.3bn.






Senate President, Bukola Saraki, in a series of tweets, said that the “budget breakdown for @nassnigeria has been released.”
“We said we will, and we did,” Saraki said.
The budget showed that the National Assembly has budgeted N125bn as against N115bn in 2016.
A summary of the Proposed 2017 Budget showed that the National Assembly gets N14.9bn.
While Senate gets a total of N31.3bn, the House of Representatives gets N49bn.
The National Assembly Service Commission gets N2.4bn while the legislative aides get a budget of N9.6bn.
Also, Public Accounts Committee (Senate) gets N118.9m while that of Reps gets N142.7m.
The breakdown further shows that the General services gets N12.5bn; National Assembly Legislative Institute, N4.3bn while the Service wide vote gets N391.3bn.

Following Thursday passage of the 2017 budget, submitted by President Muhammad Buhari, December 2016 by the National Assembly, details of allocations to ministries, Departments and Agencies have emereged.
Recall that a total sum of N7,441,175,486,758 was passed, after the House of Representatives made an additional input of about N140bn in the proposed budget.
Out of the sum, a total of ₦434,412,950,249 is for Statutory Transfers, ₦1,841,345,727,206 is for Debt Service, ₦177,460,296,707 is for Sinking Fund for maturing bonds, while ₦2,987,550,033,436 is for Recurrent (Non-Debt) Expenditure.
Also in the budget, the sum of ₦2,177,866,775,867 is for contribution to the Development Fund for Capital Expenditure (Exclusive of Capital Expenditure in Statutory Transfers), for the year ending on the 31st December, 2017.
The detailed analysis of budgets to the Ministries, Departments and Agencies of the federal government, as passed by the House is attached.
See attached document for details.2017 budget Edited

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