INFOGRAPHIC – 2017 Proposed Security Budget
The proposal of the implementation of the Budget will be based on Economic Recovery and Growth Strategy. The Plan, which builds on 2016 Budget, provides a clear road map of policy actions and steps designed to bring the economy out of recession and to a path of steady growth and prosperity.
We continue to face the most challenging economic situation in the history of our Nation. Nearly every home and nearly every business in Nigeria is affected one way or the other.
President Buhari remains convinced that this is also a time of great opportunity.We have reached a stage when the creativity, talents and resilience of the Nigerian people is being rewarded. Those courageous and patriotic men and women who believed in Nigeria are now seeing the benefits gradually come to fruition. I am talking about the farmers who today are experiencing bumper harvests, the manufacturers who substituted imported goods for local materials and the car assembly companies who today are expanding to meet higher demand.
The Key capital spending provisions in the Budget include the following:
• Power, Works and Housing: N529billion;
• Transportation: N262 billion;
• Special Intervention Programmes: N150 billion.
• Defence: N140 billion;
• Water Resources: N85 billion;
• Industry, Trade and Investment: N81 billion;
• Interior: N63 billion;
• Education N50 billion
• Universal Basic Education Commission: N92 billion
• Health: N51 billion
• Federal Capital Territory: N37 billion;
• Niger Delta Ministry: N33 billion; and
• Niger Delta Development Commission: N61 billion;
Nigeria plans to spend N1.121tn on Security in 2017. The proposed budget includes the Recurrent & Capital Expenditures.
Security Budget increased from N1.045tn in 2016 to the proposed N1.121tn in 2017 with some of the increment going to salaries and pensions.
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