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Infographics of How FG Intends to Earn and Spend in 2017

BellaNaija.com

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President Muhammadu Buhari presented the 2017 Budget to a joint session of the National Assembly on Wednesday at the National Assembly complex.

Here is a breakdown of how money will be made and spent, as put together by BudgIT.

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2017-budget-breakdown-8

2017-budget-breakdown-7

2017-budget-breakdown-6

2017-budget-breakdown-5

2017-budget-breakdown-4

2017-budget-breakdown-3 2017-budget-breakdown-2

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, will give an in-depth breakdown of the N7.30 trillion 2017 budget estimates on Monday.

A statement issued by the minister’s Media Adviser, James Akpandem on Wednesday in Abuja, noted that Udoma would give breakdown of the budget proposal presented on Wednesday to the National Assembly by President Muhammadu Buhari.

The 2017 budget, tagged “Budget of Recovery and Growth”, is higher than the 2016 N6.08 trillion appropriation by about 19.95 per cent.

 

6 Comments

  1. Confuzzled

    December 15, 2016 at 12:08 pm

    2.2million bpd production seems overly optimistic, seeing as nothing has changed with the NDA.

    The FG also owes Nigerians an explanation of the implementation and funding of the 2016 budget. How realistic was it?

  2. gbaskelebo

    December 15, 2016 at 1:04 pm

    This is where I get more confused, you have very high estimates still with oil as your base for funding the budget and you have already speculated your price for next year, now you have deficit in what you budgeted for of 2,2trn which makes up about 30% of your budget, in addition to this within the budget you have 1.9trn for debt servicing. lets assume all things go as planned you get the 2.2trn you want, to achieve what you want to achieve in the various sectors, what will happen in 2018? won’t that increase our debt servicing? indirectly increasing our recurrent and reducing our capital expenditure further? somebody guide me here I know I am an engineer but this affects us all. No second base today…. critical reasoning needed, is this really and truly the way to go? Must we continue to base funding on a mono-item? are there no other expected sources of revenue? Also instead of borrowing can’t we make concessions ie PPPs (public private partnerships) and BOTs ( Build Operate and Transfer) instead of direct borrowing? just saying sha… what do I know?

  3. tunmi

    December 15, 2016 at 2:43 pm

    The ministry of interior is not about furniture oh. I just looked on the website and apparently it handles immigration, the prison service, the civil defense, and the fire service. But why are there two pages in Latin??

    The DEPARTMENTS:
    http://interior.gov.ng/index.php/resources

    The UNITS:
    http://interior.gov.ng/index.php/units

  4. mua

    December 15, 2016 at 4:46 pm

    Can someone please explain why agriculture is missing in the capital allocation, or does it come under industry, trade, investment. Just asking, cos it will be pathetic if it wasn’t provided for in the budget.

  5. Say what

    December 15, 2016 at 5:35 pm

    “419” for statutory transfer. So accurate!

  6. Lala

    December 15, 2016 at 5:55 pm

    Almost everything got from oil goes back into debt servicing!

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