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NASS passes N7,441,175,486,758 budget; awaits presidential assent

Admin by Admin
11 May 2017
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By Mofoluwake Omololu, Abuja.

The two Houses of the National Assembly has passed a  ₦7,441,175,486,758 (Seven Trillion, Four Hundred and Forty-One Billion, One Hundred and Seven-Five Million, Four Hundred and Eighty-Six Thousand, Seven Hundred and Fifty-Eight Naira only) Budget, but it becomes law only if assented to by President Muhammadu Buhari.

The budget is over N100 billion above the figures presented by President Muhammadu Buhari.

The much villified Excess Crude Account staged a come-back; and as has been the practice before the preset administration, the Budget bill states: “The Accountant-General of the Federation shall immediately upon the coming into force of this Act maintain a separate record for the documentation of Revenue accruing to the Consolidated Revenue Fund in excess of oil price benchmark adopted in this Budget.

“Such revenues as specified in Subsection (1) of this section refers to Revenues accruing from sales of government crude oil in excess of $44.5 per barrel, the Petroleum Profit Tax and Royalty o

The Accountant-General of the Federation is expected to forward to the National Assembly full details of funds released to government Agencies immediately such funds are released.

Also, all Accounting Officers of Ministries, Parastatals and Departments of government who control heads of expenditures shall upon the coming into effect of this Act furnish the National Assembly on quarterly basis.

The Constituency Projects, a source of disagreement between the Executive and Legislature, is to gulp N100 billion.

Senate President Bukola Saraki could not hide his delight at the passage of the budget.

Said he: “Let me thank in particular the appropriations committee and all the sub committees and members of Appropriations Committee… This is the first time we had public hearing as part of the process for the 2017 appropriations act, the level of engagement and contributions of the civil society as played a part in making this budget a different and a remarkable one.

“Another first we achieved is seeing that the line by line details of the budget was laid down along with bill, again this is a great achievement on the part of us and I commend you all.

“Another first we have achieved is making the budget of the National Assembly available to the public which has been an issue for a long time. I am very proud for what we have been able to achieve and we do hope that this budget of recovery that we believe as reflected equity, it has ensured efficiency and adequate resources to all relevant sectors and will go a long way in helping Nigerians to come out of the economic recession and create growth.

“I want to appreciate the level of consultations and the good working relationship and cooperation that existed with us and the Executive for us to get to this point. This is a remarkable difference from what we saw in 2016 and it shows that the entire country is better for it.

“Lastly we commend all Nigerians, we appreciate their patience and understanding to this point and we believe that the budget we have done this time will bring value to all of us. We have been able to greatly move away from where we are in the past and we continue in our service to ensure that the Executive will see to the implementation of this budget. What we saw in 2016 is commendable on the part of the Executive on implementation and we hope that they will build on that.

“And as for preparing for 2018 it is clear that the minimum of 3 to 4 months is required in other to be able to do a good process and that is why we are appeal on the Executive to ensure that by end of September the latest we can get the 2018 budget so that we can keep to December or January passage.

Out of the ₦7,441,175,486,758 budget, a total of ₦434,412,950,249 is for Statutory Transfers,

One Trillion, Eight Hundred and Forty-One Billion, Three Hundred and Forty-Five Million, Seven Hundred and Twenty-Seven Thousand, Two Hundred and Six Naira is for Debt Service, ₦177,460,296,707 (One Hundred and Seventy-Seven Billion, Four Hundred and Sixty Million, Two Hundred and Ninety-Six Thousand, Seven Hundred and Seven Naira) only is for Sinking Fund for maturing bonds.

₦2,987,550,033,436 (Two Trillion, Nine  Hundred and  Eighty-Seven  Billion, Five Hundred and Fifty  Million, Thirty-Three Thousand, Four Hundred and Thirty-Six Naira) only, is for Recurrent (Non-Debt)  Expenditure while the  sum of  ₦2,177,866,775,867 (Two Trillion,  One Hundred and Seventy-Seven Billion, Eight-Hundred and Sixty-Six Million, Seven Hundred and Seventy-Five Thousand, Eight Hundred and Sixty-Seven Naira) is for contribution to the Development Fund for Capital Expenditure (Exclusive of Capital Expenditure in  Statutory  Transfers)

The breakdown is as follows:

Statutory Transfers     

National Judicial Council 100,000,000,000

Niger-Delta Development Commission 64,023,554,666

Universal Basic Education 95,189,395,583

National Assembly 125,000,000,000

Public Complaints Commission 4,000,000,000

INEC 45,000,000,000

National Human Right Commission1,200,000,000

Total — Statutory Transfers 434,412,950,249

For Domestic Debt servicing, N1,488,002,436,547 has been set aside, while Foreign Debt servicing getd N175,882,993,952. In all N1,663,885,430,499 is for this purpose.

Other expenditures  are as follows:

Recurrent (Non-Debt) Expenditure

Head Ministry/Department/Agency (₦)

Executive:

Auditor General for the Federation2,693,253,521

Ministry of Budget and National Planning8,843,198,998

Federal Ministry of Agriculture and Rural Development31,752,144,051

Ministry of Defence330,543,309,223

Federal Ministry of Education398,686,819,418

Federal Ministry of Environment16,108,983,841

Federal Ministry of Finance9,521,555,393

Ministry of Foreign Affairs56,424,094,037

Federal Ministry of Health252,854,396,662

Federal Ministry of Industry, Trade and Investment10,797,165,779

Federal Ministry of Information and Culture40,821,093,321

Federal Ministry of Interior472,597,817,561

Federal Ministry of Justice21,038,344,711

Federal Ministry of Labour and Employment8,626,186,611

Federal Ministry of Mines and Steel Development10,385,055,182

Federal Ministry of Niger Delta1,764,382,365

Federal Ministry of Petroleum Resources63,222,101,051

Federal Ministry of Science and Technology27,785,074,208

Federal Ministry of Transportation14,810,103,581

Federal Ministry of Water Resources7,301,176,944

Federal Ministry of Women Affairs1,466,534,201

Federal Ministry of Power, Works and Housing32,821,929,055

Federal Ministry of Youth and Sports Development89,316,015,167

Fiscal Responsibility Commission332,848,038

Independent Corrupt Practices and Related Offences Commission (ICPC)5,159,640,131

Infrastructure Concessionary and Regulatory Commission (ICRC)884,624,464

Federal Ministry of Communications Technology11,192,782,734

National Salaries, Income and Wages Commission631,503,868

Office of the National Security Adviser76,281,025,653

Office of the Head of the Civil Service of the Federation6,652,280,969

State House22,947,666,215

Secretary to the Government of the Federation (SGF)51,933,366,906

Sub-Total: Executive N2,086,196,473,860

Federal Executive Bodies:

Code of Conduct Bureau2,337,582,923

Code of Conduct Tribunal573,778,581

Federal Character Commission2,158,721,471

Federal Civil Service Commission943,761,945

National Population Commission5,563,110,903

Police Service Commission705,772,631

Revenue Mobilization, Allocation and Fiscal Commission2,061,930,637

Sub-Total: Federal Executive Bodies N14,344,659,090

Service-Wide Votes and Pensions

Expenditure Items

Pensions and Gratuities

Total Allocation:191,631,846,958

Office of the Head of the Civil Service (Civilian Pension)33,290,715,716

Pensions28,391,013,524

Gratuities2,300,000,000

Benefits of Retired Heads of the Civil Service of the Federation and Federal2,599,702,192

Military Pensions and Gratuities (DMP)71,156,115,576

Pensions65,619,472,577

2017 Expected Retirees3,170,929,878

Death Benefits2,115,713,121

Pension Running Costs150,000,000

2017 Verification Costs50,000,000

Administrative Costs50,000,000

Police Pensions and Gratuities7,412,463,652

Pensions7,412,463,652

Customs, Immigration and Prisons Pension Office8,420,000,000

Pensions8,420,000,000

Universities’ Pensions Including Arrears14,343,326,479

Pensions14,343,326,479

Parastatals Pensions

Pensions26,756,754,031

Pre-1996 Nigeria Railway Corporation Pension2,257,298,262

Pensions2,257,298,262

Department of State Security7,643,405,446

Pensions (Including Arrears)7,643,405,446

Nigeria Intelligence Agency3,709,146,567

Pensions/dependants Benefits3,709,146,567

NELMCO16,642,621,229

NELMCO Pension/Arrears16,642,621,229

Service Wide Votes

Total Allocation:228,677,053,528

Service-wide Votes Pensions89,977,053,528

Arrears of 33% Increase in Pension Rate — Military14,481,244,610

Arrears of Pension Liabilities3,000,000,000

Payment of Outstanding Death Benefit to Civil Servants/Police5,000,000,000

Payment into the Redemption Fund (5% of Total Personnel Cost)

including Arrears of 2014 and 2015 50,195,808,918

Group Life Insurance for all MDAs Including DSS/Insurance of

Sensitive Assets/Corpers plus Administration and Monitoring 15,000,000,000

Entitlements of Former Presidents/Heads of State and Vice-Presidents/Chiefs of General Staff 2,300,000,000

Other Service-Wide Votes138,700,000,000

Public Service Wage Adjustment for MDAs (Including Arrears of

Promotion and Salary Increases) and Payment of Severance Benefits 30,200,000,000

Military Operations : Lafiya Dole and Other Operations of the Armed Forces25,000,000,000

Contribution to International Organisations/external Financial Obligations10,000,000,000

Margin for Increases in Costs and Recurrent Adjustment Costs5,000,000,000

Contingency (Recurrent)15,000,000,000

Employees Compensation Act — Employees’ Compensation Fund4,000,000,000

Payment for Outsourced Services1,500,000,000

Service Wide Training of Budget/Planning Officers on GIFMIS Budget Preparation System (BPs) as well as Monitoring and Evaluation ofall Projects Nationwide 2,000,000,000

TSA Operations4,000,000,000

IPPIS Capturing2,000,000,000

Settlement of MDAs Electricity Bills40,000,000,000

Refunds to Special Accounts40,000,000,000

Special Intervention (Recurrent)350,000,000,000

Presidential Amnesty Programme: Stipends, Operations and Reintegration76,700,000,000

Total CRF Charges887,008,900,486

Total Recurrent (Non-Debt)2,987,550,033,436

Capital Expenditure

Head Ministry/Department/Agency (₦)

Executive:

Auditor General for the Federation90,509,818

Ministry of Budget and National Planning4,092,773,627

Federal Ministry of Agriculture and Rural Development103,793,201,010

Ministry of Defence139,294,920,350

Federal Ministry of Education56,720,969,147

Federal Ministry of Environment12,479,369,455

Federal Ministry of Finance5,181,348,624

Ministry of Foreign Affairs10,291,783,534

Federal Ministry of Industry, Trade and Investment81,726,971,059

Federal Ministry of Information and Culture9,546,245,041

Federal Ministry of Interior63,760,562,487

Federal Ministry of Justice12,705,755,001

Federal Ministry of Labour and Employment8,803,520,400

Federal Ministry of Mines and Steel Development12,455,000,000

Federal Capital Territory Administration30,397,122,872

Federal Ministry of Niger Delta34,201,500,001

Federal Ministry of Petroleum Resources6,793,128,647

Federal Ministry of Science and Technology41,699,655,490

Federal Ministry of Transportation241,709,000,000

Federal Ministry of Water Resources104,245,803,117

Federal  Ministry of Women Affairs4,250,732,000

Federal Ministry of Power, Works and Housing553,713,857,113

Federal Ministry of Youth and Sports Development5,441,000,000

Fiscal Responsibility Commission148,155,391

Independent Corrupt Practices and Related Offences Commission (ICPC)767,865,170

Infrastructure Concessionary and Regulatory Commission  (ICRC)34,310,245

Federal Ministry of Communications Technology8,434,669,142

National Salaries, Income and Wages Commission163,121,916

Office of the National Security Adviser47,209,203,765

Office of the Head of the Civil Service of the Federation1,974,176,735

State House20,066,000,000

Secretary to the Government of the Federation (SGF)32,778,490,342

Sub-Total: Executive1,710,580,601,619

Federal Executive Bodies:

Code of Conduct Bureau1,394,854,364

Code of Conduct Tribunal513,616,705

 

Federal Character Commission400,000,000

 

Federal Civil Service Commission16,171,828

 

National Population Commission3,936,308,554

 

Police Service Commission758,900,000

 

Revenue Mobilization, Allocation and Fiscal Commission229,093,337

 

Sub-Total: Federal Executive Bodies 7,248,944,788

Total: Executive and Federal Executive Bodies1,717,829,546,407

Capital Supplementation:

 

Total Allocation:310,037,229,460

 

GIFMIS/IPPIS Capital5,000,000,000

 

OSSAP- SDGs (Special Projects)9,000,000,000

 

OSSAP-SDGs (Conditional Grants)10,000,000,000

 

OSSAP-SDGs (Social Safety Nets)15,902,000,000

 

Capital Exigencies/Adjustment to Capital Cost5,000,000,000

 

National Development Plans (Ministry of Budget and National Planning)1,000,000,000

Head of Service (Federal Government Staff Housing Loans Board)    1,000,000,000

Zonal Intervention Projects100,000,000,000

North-East Intervention Fund45,000,000,000

Counterpart Funding Including Global Fund/Health3,500,000,000

Payment of Local Contractors’ Debts/Other Liabilities20,000,000,000

Galaxy Backbone4,000,000,000

Contingency (Capital)10,000,000,000

Recapitalisation of Development Finance Institutions15,000,000,000

Subscriptions to Shares in International Organisations28,635,229,460

SDG: Special Intervention Project 112,000,000,000

SDG: Special Intervention Project 28,000,000,000

Facilities and Technical Services14,500,000,000

Implementation of the Economic Recovery and Growth Plan (ERGP) and Establishment of Delivery Unit at the Presidency 2,500,000,000

Total — Capital Supplementation310,037,229,460

Capital in FGN Special Intervention Programme150,000,000,000

Total Capital Expenditure2,177,866,775,867

Aggregate Expenditure7,441,175,486,758

 

 

 

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