2018 budget: Reps raise appropriation to N9.120 trillion


The House of Representatives on Tuesday raised the 2018 budget from the N8.612 trillion figure presented by President Muhammadu Buhari last November to N9,120,334,988,225.

This followed the schedule by the Committee on Appropriations to lay before the Senate today, the report on the 2018 Appropriation Bill, a schedule that was listed on the Order Paper for today's (Tuesday) plenary.

According to the document laid at the House, 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 for sinking fund for maturing loan.

Meanwhile, recall that the budget had been held up at the National Assembly since November 7, 2017, when President Muhammadu Buhari presented the estimates to a joint session of the Senate and the House.

The National Assembly and the Executive had since engaged each other in a blame game over the delay in passing the budget.


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