Details of National Assembly’s 2018 Budget Hits Public Domain

The National Assembly has released the details of its budget for the 2018 fiscal year. The Office of the Senate President disclosed the details of the budget in a tweet on Friday. It explained that the disclosure was in line with the commitment of the leadership of the 8th Assembly to accountability and transparency. The details were released following pressure from human rights activists and civil society groups in the country. Of the N139.5 billion earmarked for the National Assembly, the Senate got a total of N35.58 billion while the House of Representatives had N57.4 billion. The National Assembly Office got

By |April 12th, 2019|Categories: News|Tags: , |0 Comments

Breakdown of 2018 Budget As Passed By Senate

The Senate has on Wednesday finally passed the 2018 budget of the Federal Republic of Nigeria. Recall that the budget was increased from the earlier proposal of N8.612 trillion presented by President Muhammadu Buhari in December last year to N9.120trn in consultation with the executive according to the Chairman, Senate Committee on Appropriations, Dajuma Goje, The breakdown of the 2018  budget as passed by the national assembly are as follows : N530,421,368,624 for Statutory Transfer; N2,203,835,365,699 for Debt Service; N3,512,677,902,077 for Recurrent Expenditure, N2,873,400,351,825 for Capital Expenditure, Fiscal Deficit of N1,954,464,993,775 and 1.73 percent Deficit to GDP More to follows

By |May 16th, 2018|Categories: News|Tags: |1 Comment
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