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2017 Budget: Focus on States

Proshare

Wednesday, January 06, 2017 7:00 PM / ProshareWebTV

As the National Assembly prepares to deliberate on the 2017 Federal Budget of Nigeria, estimated at N7.3trillion the focus shifts to  States; key actors in the economic development of the nation.

Presently out of the 36 States of the Federation, 33 have presented their budgets for passage and signing in the country.

The States yet to present their 2017 budgets are  Adamawa(North-East), Ondo (South-West) and Kebbi (North-West).

Kaduna and Ebonyi States with budget estimates of N215.9bl and N127bl respectively  achieved a speedy passage and signing of their 2017 appropriation bills into law.

This means the above mentioned States are ready to begin the fiscal spending required for governance and the implementation of socio-economic policies and programmes.

Lagos which has the highest budget of N813bl and  Rivers second-highest(N47obl) have passed their budgets, and are at the stage of executive signing into law.

Yobe State in the North-East at the moment has the lowest budget expenditure of  about N69.3bl.

As at January 6th,2017, the  South-South Region(Akwa Ibom, Bayelsa, Edo, Rivers, and Cross River) which constitutes the Oil rich Niger-Delta belt has the highest budget expenditure, with a total of approximately N1.5trl.

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