Thursday, 11 May 2017

Senate passes 2017 budget of N7.44tn | NASS raises budget by N10bn

The Senate has passed the 2017 Appropriation Bill estimating N7,441,175,486,758.

The Red Chambers passed the budget shortly after the House of Representatives passed it.

The National Assembly has raised its own budget to N125bn as against N115bn in 2016.

Spokesperson of the Senate, Senator Aliyu Sabi Abdullahi, revealed in a document, presented at the consideration of the 2017 budget, that the lawmakers would spend N85bn on overhead cost, N14bn capital, and N23.7bn for personnel costs.

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