Newsletter: #Budget2017

Total Capital Releases to Ministries, Departments and Agencies (MDAs) in the 2017 federal budget was One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo (N1,580,270,755,084.44).

The N1,580,270,755,084.44 in total capital releases for 2017 is higher than the N1,219,471,747,443.00 total for 2016.

2017 capital releases:

Power, Works & Housing: N523,011,701,723.25 (33.10% of total)

Defence & Security: N197,596,016,072.02 (12.50%)

Agric & Water Resources: N149,485,276,897.37 (9.46%)

Transportation: N126,253,042,607.50 (7.99%)

Health & Education: N98,190,277,285.69 (6.21%)

Others: N485,734,440,498.61 (30.74%)

President Buhari on 2017 Budget: I am pleased with the success recorded in the implementation of the 2017 Budget. A total sum of 1.5 trillion Naira has been released for the implementation of capital projects during the 2017 fiscal year. In response to this and other policy measures implemented, we have observed significant improvement in the performance of the Nigerian economy.