President Muhammadu Buhari has presented a N7.298 trillion 2017 budget.
Buhari while presenting the budget at the Senate on Wednesday, said that
“We will continue to fortify our defence spending till all our enemies
within and without are subdued.”
He said, “The people who voted for us are waiting for us to change the
course of this nation.”
The Senate President, Bukola Saraki and the House Speaker, Dogara received
President Buhari for the #2017Budget Appropriation Bill Presentation on
Wednesday.
President Buhari, during the presentation, benchmarked the 2017 budget at
N305 naira against one US dollar ($1) with 2.2 million barrels, saying
that the #2017budget proposal is 7.298tn, representing 20.4% increase over
the 2016 estimate.
Buhari said ” We are increasing funding to the judiciary in order to allow
them function even better.” N100 billion is allocated to judiciary. Buhari
also Benchmarked Oil Price at $42.5 per barrel and said that, “In 2017, we
will focus on the development of infrastructure, especially rail, road and
power.”
In the budget, provisions for capital expenditure is N2.24tn. Health took
51 billion, Industry took 81 billion while Defense took 140 million.
Buhari said he expects the #2017budget to better the lives of Nigerians in
a greater measure than that of 2016.
He said the Estimated aggregate revenue for 2017 is 4.94 trillion.
He concluded #2017budget presentation speech by thanking the National
Assembly for its support and assuring Nigerians of results in 2017.
The @NGRPresident @MBuhari now formally lays the #2017Budget before the
joint session of the @nassnigeria.