President Muhammadu Buhari has presented a N7.298 trillion 2017 budget.<\/p>\n
Buhari while presenting the budget at the Senate on Wednesday, said that
\n\u201cWe will continue to fortify our defence spending till all our enemies
\nwithin and without are subdued.\u201d<\/p>\n
He said, \u201cThe people who voted for us are waiting for us to change the
\ncourse of this nation.”<\/p>\n
The Senate President, Bukola Saraki and the House Speaker, Dogara received
\nPresident Buhari for the #2017Budget Appropriation Bill Presentation on
\nWednesday.<\/p>\n
President Buhari, during the presentation, benchmarked the 2017 budget at
\nN305 naira against one US dollar ($1) with 2.2 million barrels, saying
\nthat the #2017budget proposal is 7.298tn, representing 20.4% increase over
\nthe 2016 estimate.<\/p>\n
Buhari said \u201d We are increasing funding to the judiciary in order to allow
\nthem function even better.\u201d N100 billion is allocated to judiciary. Buhari
\nalso Benchmarked Oil Price at $42.5 per barrel and said that, \u201cIn 2017, we
\nwill focus on the development of infrastructure, especially rail, road and
\npower.\u201d<\/p>\n
In the budget, provisions for capital expenditure is N2.24tn. Health took
\n51 billion, Industry took 81 billion while Defense took 140 million.
\nBuhari said he expects the #2017budget to better the lives of Nigerians in
\na greater measure than that of 2016.<\/p>\n
He said the Estimated aggregate revenue for 2017 is 4.94 trillion.<\/p>\n
He concluded #2017budget presentation speech by thanking the National
\nAssembly for its support and assuring Nigerians of results in 2017.<\/p>\n
The @NGRPresident @MBuhari now formally lays the #2017Budget before the
\njoint session of the @nassnigeria.<\/p>\n","protected":false},"excerpt":{"rendered":"
President Muhammadu Buhari has presented a N7.298 trillion 2017 budget. Buhari while presenting the budget at the Senate on Wednesday, said that \u201cWe will continue to fortify our defence spending…<\/p>\n","protected":false},"author":1,"featured_media":55047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-55046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n