Breaking: Nigerian's National Assembly passes 2017 Budget of N7. 44 trillion

THE National Assembly has passed the budget for 2017, with a total sum of N125, 000,000,000 to be spent this year.
The new figure increases  with N10,000,000,000
as against the N115,000,000,000 approved for National
Assembly in 2016.


The breakdown shows that out of the N125 billion approved
for the National Assembly, the Management has a vote of
N14,919,065,013; the Senate has an allocation of
N31,398,765,886 while the House of Representatives
would spend N49,052,743,983.


The breakdown further shows that the Management
would spend N6,714,696,986 as personnel cost;
N6,192,052,825 for Overhead costs and
N2,011,315,202as total capital.
The Senate would spend N1,856,510,517 on personnel
costs; N25,111,332,147 as total Overhead costs and
N4,430,923,222 as total capital .


For the House of Representatives, it has N4,923,743,127
as total personnel costs; N39,635,756,179 as total
overhead costs and N4,493,244,677 as total capital.
Meanwhile, the total Budget for 2017 stands at N7.441
trillion.


More Details later...