Lawmakers Increase 2018 Budget By N508bn

The National Assembly has increased the 2018 appropriation to N9.120 trillion from the N8.612 trillion presented by President Muhammadu Buhari.

This is contained in the report of the National Assembly joint Committees on Appropriation just presented to members.

According to the document laid at the House on Tuesday, N530,421,368,624 was proposed for statutory transfer; N2,869,600,351,825 for development fund for capital expenditure; N3,516,477,902,077 for recurrent (non debt) expenditure; while N2,203,835,365,699 is for debt service; and N199bn as sinking fund for maturing loan.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.