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National Assembly Releases Breakdown of 2017 Budget

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Budget 2017 year on cube with pencil and clock
  • 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…

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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