2017 BUDGET OF RECOVERY: See The Breakdown Of Expenditure

President, Muhammadu Buhari today presented the 2017 appropriation bill to a joint session of the National Assembly. See below the breakdown of expenditures;

Budget Size: N7.298tn (20.4% higher)

Borrowing of N2.36tn:

N1.067tn (Foreign)

N1.25tn (Domestic)

Here are the breakdown of the budget:

Oil : N1.985tn

Non-oil: N1.73tn

Independent: N807bn

Recoveries: N565bn

Other Sources: N210.9bn

N419bn - Statutory Transfers

N1.66tn - Debt Service

N2.9tn - Non-Debt Recurrent Exp

N2.24tn - Capital Exp

Capital provisions in the 2017 budget is N2.24tn

Capital expenditure allocation:

Defence, N140bn;

Water resouces N85bn;

Interior N63bn;

Education N58bn;

UBE commission N92bn;

FCT N37bn

Top Recurrent Expenditure:

Interior - N482bn

Education - N398bn

Defence - N325bn

Health - N252bn

Niger Delta Ministry – 33 Billion

529 billion Power, Housing and Works

150 Billion Special intervention

81 billion industry training

Water Resources - N85bn

Industry,Trade & Inv. - N81bn

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