Breakdown of the 2017 Budget Presented By President Buhari

Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly.

Below is the breakdown of the budget:

Oil: N1.985tn

Non-oil: N1.73tn

Independent: N807bn

Recoveries: N565bn

Other Sources: N210.9bn

N419bn - Statutory Transfers

N1.66tn - Debt Service

N2.9tn - Non-Debt Recurrent Exp

N2.24tn - Capital Exp

Capital provisions in the 2017 budget is N2.24tn

Capital expenditure allocation:

Defence, N140bn;

Water resouces N85bn;

Interior N63bn;

Education N58bn;

UBE commission N92bn;

FCT N37bn

Top Recurrent Expenditure:

Interior - N482bn

Education - N398bn

Defence - N325bn

Health - N252bn