By Dipo Olowookere
The total value of the 2018 budget has been increased by the National Assembly to N9.120 trillion from N8.612 trillion, Business Post has learned.
In November 2017, President Muhammadu Buhari presented the budget of N8.612 trillion to the parliament for passage.
But details of the 2018 appropriation bill submitted today for consideration showed that the amount has been raised to N9.12 trillion.
Business Post gathered that the budget contains N3.5 trillion for recurrent (non-debt) expenditure, N2.9 trillion is earmarked for development fund for capital expenditure, N2.2 trillion for debt servicing, N530.4 billion for statutory transfer and N190 billion for sinking fund for maturing loans.
Report of the 2018 Appropriation Bill was laid today at the Senate by Chairman of the Senate Committee on Appropriations, Mr Danjuma Goje.
more recommended stories
Ellah Lakes Lists New 1.880 Billion Shares on NSE
By Dipo Olowookere Fresh 1.888 billion.
Royal Exchange Board Holds Emergency Meeting
By Dipo Olowookere The board of.
I&E Records $200m Turnover Monday as Panic Persists
**Naira Trades 360.50/$ at I&E FX.
Nigeria Must Act Fast to Avert Serious Food Disaster—ICC Nigeria
The need for federal government of.
SEC Lied, Never Gave us Fair Hearing—Oando Insists
By Dipo Olowookere Embattled Nigerian energy.
T-Bills Yields Jump 0.11% on Sell Pressure
By Dipo Olowookere The secondary market.
Equities Post 0.37% Loss Despite Rise in Trades
By Dipo Olowookere The nation’s bourse.
Nigeria’s Inflation Rises to 11.40% in May as Food Index Jumps to 13.79%
By Modupe Gbadeyanka The National Bureau.