Breaking! National Assembly Finally Passes the 2017 Budget.

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    The National Assembly has passed the 2017 Appropriations Bill, raising the budget from N7.28 billion earlier proposed by President Muhammadu Buhari in December last year, to N7.44 trillion.

    The Appropriations Committees of the Senate and the House of Representatives separately presented their harmonised reports of the budget for consideration and subsequent passage on Thursday, May 11.

    According to the report, N434.4 billion was appropriated for statutory transfers to the National Judicial Council (N100 billion); Niger Delta Development Commission (N64.02 billion); Universal Basic Education (N95.2 billion); National Assembly (N125 billion); Public Complaints Commission (N4 billion); INEC (N45 billion); and National Human Rights Commission (N1.2 billion).

    The seven establishments are to get allocations on first line charge. In practice, the spending details of these offices are not made public.

    Total personnel cost takes N23,789,787,880; total overhead cost, N85,878,619,888; and total capital cost, N14,940,196,063.

    A breakdown of the estimates shows that the National Assembly gets N14.9bn; Senate, N31.3bn; House of Representatives, N49bn; National Assembly Service Commission, N2.4bn; legislative aides, N9.6bn; Public Accounts Committee (Senate), N118.9m; Public Accounts Committee (Reps), N142.7m; general services, N12.5bn; National Assembly Legislative Institute, N4.3bn; and service wide vote, N391.3bn.

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