National assembly increases the 2018 budget to N9.120 trillion from N8.612

National Assembly National Assembly

The 2018 budget has been increased to N9.120 trillion from N8.612 trillion by the National Assembly.


The breakdown of the budget which was laid before both the Senate and House of Representatives, shows that the sum of N530,421,368,624 is for statutory transfer while N2,203,835,365,699 is for debt service.
The sum of N199 billion is for sinking fund for maturing loans; N3,516,477,902,077 is for recurrent (non debt) expenditure while N2,869,600,351,825 is for development fund capital expenditure.
Deputy Speaker of the House of Representatives, Yusuf Lasun, who presided over yesterday's session, said the lawmakers will consider and pass the budget on Wednesday or Thursday.

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''We will begin the consideration tomorrow (Wednesday) afternoon and pass it but if we are not able to, we will finish on Thursday''.

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