Buhari proposes N7.2trn for 2017 Budget


President Muhammadu Buhari has proposed a budget of N7.2 trillion for the 2017 fiscal year.



President Muhammadu Buhari
President Muhammadu Buhari

A source told Daily Trust that the Federal Executive Council approved the 2017 Appropriation Bill yesterday during a six-hour meeting presided over by President Buhari.

“The budget estimate that will be laid before the National Assembly for the year 2017 is N7.2 trillion. This is what FEC approved,” the source hinted.

This is about 24 percent higher than the 2016 budget which is N6.06 trillion.

Budget and Planning Minister Udoma Udoma, who briefed State House correspondents after the meeting, confirmed that the council approved the 2017 budget proposal.

Udoma said the president would communicate the Appropriation Bill to the National Assembly; while the legislature would use its discretion to decide when it will be presented.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s