The 2018 Appropriation Bill

 In Blog

The 2018 budget proposed to the National Assembly has a total expenditure of N8.6 trillion. The expenditure comprises of recurrent costs of N3.494 trillion, debt service of N2.014 trillion, Statutory transfers of N456 billion, sinking fund of N220 billion and capital expenditure of N2.428 trillion. Highlights of the capital expenditure in the 2018 budget include:

Power, Works and Housing: N555.88 billion

Transportation: N263.10 billion

Special Intervention Programmes: N150 billion

Defence: N145 billion

Agriculture and Rural Development: N118.98 billion

Water Resources: N95.11 billion

Industry, Trade and Investment: N82.92 billion

Interior: N63.26 billion

Education: N61.73 billion

Universal Basic Education Commission: N109.06 billion

Heath: N71.11 billion

Federal Capital Territory: N40.30 billion

Zonal Intervention Projects: N100 billion

North East Intervention Fund: N45 billion

Niger Delta Ministry: N53.89 billion

Niger Delta Development Commission: N71.20 billion

Please click on the link below for more details

2018 Appropriation bill

Image Source: News First

 

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