Senate Passes 2017 Budget Of N7.44 Trillion

The Senate has passed the 2017 Appropriation Bill total budget estimates rates of ₦7,441,175,486,758. In the budget passed by the National Assembly, the upper chamber raised the cost from N115bn in 2016 to N125bn. Total personnel cost takes N23,789,787,880; total overhead cost, N85,878,619,888; and total capital cost, N14,940,196,063. A breakdown of the estimates shows that…”
Moroti Olatujoye
May 11, 2017 6:15 pm

The Senate has passed the 2017 Appropriation Bill total budget estimates rates of ₦7,441,175,486,758.

In the budget passed by the National Assembly, the upper chamber raised the cost from N115bn in 2016 to N125bn.

Total personnel cost takes N23,789,787,880; total overhead cost, N85,878,619,888; and total capital cost, N14,940,196,063.

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

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