Acting President Yemi Osinbajo signing the 2017
Appropriation Act into law at the Presidential Villa in Abuja on Monday
(12/6/17). With him from left are: Senate President Bukola Saraki; Speaker,
House of Representatives, Yakubu Dogara; Senior Special Assistant to the
President on National
Assembly Matters (Senate), Sen. Ita Enang; Senior Special
Assistant to the President on National
Assembly Matters (House of
Representatives), Suleiman Kawu; Minister of Budget and National Planning, Sen.
Udoma Udo Udoma; Chief of Staff, Alhaji Abba Kyari; and Minister of Finance,
Mrs Kemi Adeosun.
Acting President Yemi Osinbajo has signed
the 2017 Appropriation Bill into law.
Osinbajo made the announcement via Twitter on Monday.
The event was attended by leaders of the National Assembly,
Senate President Bukola Saraki, House Speaker Yakubu Dogara,
as well as members of the Federal Executive Council.
The National Assembly on May 11, passed the 2017
Appropriation Bill, raising the figure from N7.30 trillion presented by President
Muhammadu Buhari on December 14, 2016, to N7.44 trillion.
In the approval, Statutory Transfers got N434 billion, N1.8
trillion for Debt Servicing, N177.5 billion for Sinking Fund for Maturity Bonds
and N2.99 trillion for Recurrent Non-Debt Expenditure.
Contribution to the Development Fund for Capital
Expenditure, exclusive of the capital expenditure in statutory transfers for
the year ending December 31, 2017, got N2.2 trillion.
The chamber pegged crude oil production for the budget
at 2.2 million barrels per day, with foreign exchange rate of N305 to a
dollar.
Senate President Bukola Saraki (L) congratulates the Acting President Yemi
Osinbajo after Osinbajo signed the 2017 Appropriation Act into law at the
Presidential Villa in Abuja on Monday (12/6/17). With them are: Senior Special
Assistant to the President on National Assembly Matters (Senate), Sen. Ita
Enang; Senior Special Assistant to the President on National Assembly Matters
(House of Representatives), Suleiman Kawu; Minister of Budget and National
Planning, Sen. Udoma Udo Udoma; and Chief of Staff, Alhaji Abba Kyari
Comments
Post a Comment