Place Your Ads Here!

Acting President Prof. Yemi Osibanjo Signs 2017 Budget


Acting President Prof. Yemi Osibanjo has signed the 2017 budget. The long awaited event was finally signed six months already in 2017. The event was attended by leaders of the National Assembly, Senate President Bukola Saraki, House Speaker Yakubu Dogara, as well as members of the Federal Executive Council.


The National Assembly on May 11, passed the 2017 Appropriation Bill, raising the figure from N7.30 trillion presented by President Muhammadu Buhari on December 14, 2016, to N7.44 trillion.

In the approval, Statutory Transfers got N434 billion, N1.8 trillion for Debt Servicing, N177.5 billion for Sinking Fund for Maturity Bonds and N2.99 trillion for Recurrent Non-Debt Expenditure.

Contribution to the Development Fund for Capital Expenditure, exclusive of the capital expenditure in statutory transfers for the year ending December 31, 2017, got N2.2 trillion.

The chamber pegged crude oil production for the budget at 2.2 million barrels per day, with foreign exchange rate of N305 to a dollar.

No comments

OFB Visitors And Lovers, Thanks Sweeties.

Disclaimer! Readers are solely responsible for their comments. Comments (On any section of this blog) "do not" reflect the view of faithola.com
Got A Story For Us, Or You Want To Get In Touch Send us a mail @oladosurofiyat.gmail.com
Yes! I am still blowing a spontaneous kiss to you!

© 2016-2017Oladosu Faith's Blog. All rights reserved. Powered by Blogger.