Connect all your favorite blogs and website in one app. Get latest post on the go
Download on Playstore Here
Acting President Yemi Osinbajo has signed the 2017 Appropriation Bill into law.
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.
I just signed 2017 Budget into law. It's an important milestone in our economic recovery & growth plan laid in April by President Buhari.— Prof Yemi Osinbajo (@ProfOsinbajo) June 12, 2017
0 comments:
Disclaimer: Although every comment is appreciated, Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Blog Mall Nigeria. Keep in mind that comments are moderated and may take some time to appear. All spam comments will be deleted. Thanks for understanding!
FOR Adverts or Articles email BMNADVERTS@GMAIL.COM, BLOGMNIG@GMAIL.COM OR CALL 07039732276