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Thursday, 11 May 2017

National Assembly publishes N125bn 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.

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