The National Assembly today, May 11th published the details of the 2017 budget. Before the breakdown of the budget was given at today’s senate plenary, the Senate President, Dr Bukola Saraki commended members of the executive for their cooperation while hoping the 2017 budget of recovery will go a long way in taking Nigeria out of recession. “I appreciate the cooperation of members of the Executive & the remarkable difference from the 2016 process. It is my hope that this budget of recovery would go a long way and take us out of recession” Saraki said. Bukola Saraki appealed to the Executive to get the 2018 budget across to senate by end of September latest to meet up with the Dec-January window.
some senators who also spoke about this year’s budget include Shehu Sani (APC Kaduna Central). He said “We can have a beautiful budget with projects & figures, what is important is: what has that budget done to impact people. We have a duty to pull this country out of the economic woes, we have to keep doing things differently”
the senator representing Kogi West, Dino Melaye said the whole world is happy with the 2017 budget process because it’s a Nigerian budhet.
“Good thinking, good product.This Budget is a product of good thinking. I thank the President of the Senate, Bukola Saraki for his intellectual sagacity This is a budget with complete details for the first time. This will afford CSOs & Nigerians opportunity to ask questions” Melaye said.
While urging his colleagues to ensure every party of the country feel the impact of the budget, Sen Godswill Akpabio noted the current senate is not a rubber stamped one. “This is not a rubber stamp Senate, we must ensure every part of the country feels the impact of the 2017Budget” Akpabio said.
Senator George Akume urged the government to use the budget to improve the nation’s security situation which he hoped can put an end to incessant killings in some part of the country.
“I hope we can improve on security in the 2017budget to avoid incessant killings of innocent Nigerians and robbery” Akume noted.
Below is the breakdown of the budget;
Debt Service (Local & Foreign): N1,663,885,430,499. Sinking Fund: N177,460,296,707.
Total Debt Service: N1,849,345,727,206. Recurrent Non-debt expenditure: N2,086,176,493,860 Federal Executive Bodies: N1,413,441,659.90
Service wide Votes &Pension: N191,631,846,958 Total Pensions: N191,631,846,956.
Other service wide votes: N138,700,000,000 Reforms to Special Acts: N40,000,000,000 Special Intervention recurrent (Heads):N350,000,000,000
Presidential Amnesty Programme Stipends: N766,700,000,000 Total Recurrent: N987,550,033,000 Capital Expenditure: N1,710,580,601,619.
Head of sub-total Federal Executive Bodies: N7,248,944,788 Head of Federal Executive Bodies:N1,717,829,446,407.
Capital Supplementation: N7,441,175,486,755.