Breaking: Present Buhari presents 2017 Budget to the National Assembly.

President Buhari, today, presented N7.298
trillion to the National Assembly. Here are
some quick facts. .
.
Capital expenditure to take 30% of the budget.
FG proposed to spend about N2.243 trillion
on capital projects and N2.9 trillion as
recurrent expenditure.
.
.
The Benchmark Exchange Rate: N305/$1,
Benchmark Oil Price: $42.5/barrel, Oil
Production Benchmark: 2.2m bpd. Capital
expenditure for power, works and housing
N529bn.
.
.
capital expenditure for water- 85 billion
capital expenditure for education- 58 billion
health - 51 billion
Niger Delta - N33bn
industry- 81 billion
Transportation - N262bn
defense - 140 million
N100 billion allocated to judiciary
.
.
Interior N63bn; UBE commission N92bn; FCT
N37bn; Allocation to Presidential Amnesty
Programme increased to N65 Billion. .
.
Top Recurrent Expenditure:
Interior - N482bn
Education - N398bn
Defence - N325bn
Health - N252bn
.
.
Estimated aggregate revenue for 2017- 4.94
trillion. Projected oil revenue N1.985 trillion