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Breakdown of the 2017 N7.298 trillion Budget Presented to National Assembly by Pres. Buhari.


President Buhari, today, presented N7.298 trillion to the National Assembly. Here are some quick breakdown:

Capital expenditure to take 30% of the budget. FG proposed to spend about N2.243 trillion on capital projects and N2.9 trillion as recurrent expenditure.

  • The Benchmark Exchange Rate: N305/$1,
  • Benchmark Oil Price: $42.5/barrel,
  • Oil Production Benchmark: 2.2m bpd.
  • Capital expenditure for power, works and housing N529bn.
  • capital expenditure for water- 85 billion
  • capital expenditure for education- 58 billion
  • health - 51 billion
  • Niger Delta - N33bn
  • industry- 81 billion
  • Transportation - N262bn
  • defense - 140 million
  • N100 billion allocated to judiciary
  • Interior N63bn;
  • UBE commission N92bn;
  • FCT N37bn;
  • Allocation to Presidential Amnesty Programme increased to N65 Billion.

Top Recurrent Expenditure:

  • Interior - N482bn
  • Education - N398bn
  • Defence - N325bn
  • Health - N252bn
  • Estimated aggregate revenue for 2017- 4.94 trillion.
  • Projected oil revenue N1.985 trillion.


Credits: Instablog9ja, NTA.
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