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Why we increased our budget to N125bn, by NASS

Ibrahim Ahmadu by Ibrahim Ahmadu
May 11, 2017
in Breaking News, News
0

The 2017 budget of the National Assembly has increased to N125 billion from the 2016 figure of N115 billion.
The Assembly, however, explained that the N10 billion added to the budget became necessary to strengthen its organs for effective service delivery.
It said, in a document distributed to newsmen on Thursday by Chairman, Senate Committee on Media and Public Affairs, Sen. Aliyu Sabi, that N14.92 billion was allocated to Management of the assembly.
Of this sum, it said that N6.71 billion was for Personnel Cost, N6.19 billion for Overhead Cost, and Capital Expenditure, N2.01 billion.
Specifically, it indicated that the Senate got total allocation of N31.40, out of which N1.86 billion was for its Personnel Cost, N25.11 billion for Overhead Cost and N4.43 billion for Capital Expenditure.
House of Representatives, according to the document, received N49.05 billion, with Personnel Cost allocated N4.92 billion, Overhead Cost, N39.64 billion and N4.49 billion for Capital Expenditure.
It showed that the National Assembly Service Commission got N2.42 billion, out of which its Personnel Cost would gulp N96126 million, Overhead Cost, N1.14 billion, and Capital Expenditure, N309.79 million.
Legislative aides have a total budget of N9.60 billion, with Personnel Cost accounting for N8.92 billion, Overhead Cost, N534.97 million, and N150 million for Capital Expenditure.
The Public Accounts Committee (PAC) of the Senate has a total of N118.97 million, while its House of Representatives counterpart got the sum of N142.76 million.
The General Services Department of the National Assembly received N12.58 billion as total allocation, out of which N11.77 billion is for Overhead Cost and N816.93 for Capital Expenditure.
The National Assembly Legislative Institute received N4.37 billion, out of which Personnel Cost is allocated N416.45 million, Overhead Cost, N1.23 billion and N2.73 billion earmarked for Capital Expenditure.
Similarly, the sum of N391.40 was earmarked for Service-Wide-Vote.

Tags: Budgetnass
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