National Assembly Releases Breakdown of 2017 Budget

Budget 2017 year on wood cube with pencil and clock top view on wood table,New year business concept.Budget 2017 year on wood cube with pencil and clock top view on wood table,New year business concept.
  • National Assembly Releases Breakdown of 2017 Budget

The National Assembly has published its 2017 budget, raising 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.

The Senate is currently considering the report by its Committee on Appropriations on the 2017 Appropriation Bill.

Details later…

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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