Capital expenditure to take 30% of the budget. FG proposed to spend about N2.243 trillion on capital projects and N2.9 trillion as recurrent expenditure.
The Benchmark Exchange Rate: N305/$1, Benchmark Oil Price: $42.5/barrel, Oil Production Benchmark: 2.2m bpd. Capital expenditure for power, works and housing N529bn.
capital expenditure for water- 85 billion
capital expenditure for education- 58 billion
health – 51 billion
Niger Delta – N33bn
industry- 81 billion
Transportation – N262bn
defense – 140 million
N100 billion allocated to judiciary
Interior N63bn; UBE commission N92bn; FCT N37bn; Allocation to Presidential Amnesty Programme increased to N65 Billion.
Top Recurrent Expenditure:
Interior – N482bn
Education – N398bn
Defence – N325bn
Health – N252bn
Estimated aggregate revenue for 2017- 4.94 trillion. Projected oil revenue N1.985 trillion