by Usman Alabi
The budget has a total expenditure outlay of N67,013,057,753 only
Recurrent expenditure in the budget is N37,012,251,819 representing 55.23%
Capital expenditure is N30,000,805,934, representing 44.77%
The budget is 17.18% lower than the 2016 budget
It is christened the “Budget of Reformation”
The 2017 budget is to be funded from the following anticipated revenue sources:
Opening balance of N6.42 billion
Federation Account
a. Statutory Revenue Allocation of N22 billion
b. Value Added Tax (VAT) of N8.5 billion;
c. Exchange Gain of N2.5 billion;Special Allocation of N300 million
d. Internally Generated Revenue (IGR) of N7.53 billion
e. Aids and Grants of N6.98 billion;
f. Budget Support Facility of N8.98 billion;
g. Commercial Bank Loan/Overdraft of N10.00 billion
Sectoral analysis of the proposed budget:
Administrative Sector
- General Administration/Legislation – N11.18 billion
- Pension & Gratuity – N3.05 billion
- Information & Culture- N0.640 billion
- Civil Service Matters – N0.579 billion
Sectoral Sub-Total – N15.45 billion
Economic Sector
- Agriculture and Water Resources – N3.04 billion
- Planning, Finance & Investment – N7.98 billion
- Works, Housing and Transport – N11.19 billion
- Commerce & Industry – N0.869 billion
- Rural and Community Development –N0.532 billion
- Lands & Urban Development – N4.47 billion
Sector Sub Total –N28.95 billion
Law & Justice Sector
- Judicial Service Commission – N0.125 billion
- Ministry of Justice – N0.236 billion
- High Court of Justice – N1.61 billion
- Customary Court of Appeal – N0.160
- Sharia Court of Appeal – N0.161 billion
Sector Sub Total – N2.29 billion
Social Sector:
- Education – N11.88 billion
- Health – N7.27 billion
- Youth & Sports Development- N0.822 billion
- Women & Social Development- N0.178 billion
- Environment & Natural Resources – N0.174 billion
Sector Sub Total- N20.32
Let us have you opinion on the break down of the budget, leave your comment below.