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House Of Reps Passes 2015 Budget

The House of Representatives has passed the sum of N4.493 trillion as budget for the 2015 fiscal year. The House increased the budget by N135.4 … Continue reading House Of Reps Passes 2015 Budget


House of Representatives in Nigeria kick against removal of JegaThe House of Representatives has passed the sum of N4.493 trillion as budget for the 2015 fiscal year.

The House increased the budget by N135.4 billion from the N4.357 trillion proposed by the executive.

N2.607 trillion was appropriated for recurrent (non-debt) expenditure, while the sum of N642.8 billion was appropriated for capital expenditure in statutory transfers.

This time, education received the highest allocation of N392.2 billion, followed by defense with N326.6 billion, while Police formation and commands were allocated the sum of N303.8 billion

The sum of N236.9 billion was appropriated for the health sector and N120 billion for the National Assembly.