N’Assembly increases 2018 budget from N8.6trn to N9.1trn - Welcome to Uju Ayalogu's Blog

Breaking News

Post Top Ad

Tuesday, 15 May 2018

N’Assembly increases 2018 budget from N8.6trn to N9.1trn

N’Assembly increases 2018 budget from N8.6trn to N9.1trn

National Assembly

The new size of the 2018 budget is N9.120trn.

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

The new figure has a difference of about N508bn, up from the N8.612tn presented by President Muhammadu Buhari on November 7, 2017.

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.

Details later…

READ ALSO :    Cambridge Analytica: Facebook Suspends 200 Apps Over Misuse Of Data

READ ALSO :    Join APC, become president in 2023 - Ruling party senators woo Ekweremadu during plenary

Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story  on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984 Subscribe to Ujuayalogusblog.com News!

For More:  Visit Us at Uju Ayalogu's Blog





Share This

No comments:

Post a Comment

Post Bottom Ad

Pages