Published: Wed, November 08, 2017
Medicine | By Melba Vasquez

Federal, states, local govts to receive more revenues in 2018 - President Buhari

Federal, states, local govts to receive more revenues in 2018 - President Buhari

-PDP displeased with the slow pace of 2017 budget implementation.

Nigeria's supreme leader made this known when he presented the estimates of the 2018 budget to a joint session of the Senate and the House of Representatives in Abuja.

The Speaker of the House of Representatives had reminded some lawmakers who had kicked against the president's request that they have no powers to turn it down.

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Giving a further breakdown of the budget, Mr Buhari said that 30.8 percent (or N2.652 trillion) of the budget will be allocated to capital expenditure while N3.494 trillion is budgeted for recurrent expenditure.

Talking up the gains of his administration over the past two years while thanking Nigerians for their prayers during his extended medical vacation, President Buhari said the projected expenditure in the Budget of Consolidation would fast-track the much-needed economic recovery.

"It's not a PDP thing per say", he said.

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"In 2016 he brought N6 trillion, N7 trillion in 2017 and now he is bringing N8 trillion, we are not interested in the trillion, we are not interested in the trillions but rather what you can implement".

The body also faulted the implementation of the 2017 budget in the Interior Ministry, especially in the prison sector due to the decrepit infrastructure at the facilities and the alleged non-absence of any new prison facility in addition to the unenviable welfare and health conditions of inmates.

According to him, based on the total federally-collectible revenue estimated at N11.983 trillion in 2018, the three tiers of government shall receive 12 per cent more revenues than the 2017 estimates. The generality of the people suffer it, that was the reason.

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