National Assembly increases 2017 budget by over N143 billion

    House of Representatives has received the report of 2017 N7.30 trillion Appropriation Bill from its Committee on Appropriation for final consideration.

 

The report indicated that the committee increased the budget to N7.44 trillion, representing an addition of about N143 billion to the one presented by President Muhammadu Buhari on December 14, 2016.

   Presenting the report at plenary, Chairman of the committee, Hon. Mustapha Dawaki, said that the committee worked with other committees in the House to arrive at the new figure for the budget.

   According to the report, the committee appropriated N2.99 trillion for recurrent expenditure, while N2.17 trillion was provided for contribution to the development fund for Capital Expenditure.