What you need to know about Ambode’s N812.99b budget

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Published on November 29, 2016 by pmnews   ·   1 Comment

Ambode presenting the 2017 budget to the House of Assembly

Ambode presenting the 2017 budget to the House of Assembly

*Roads, Education, Health get huge allocation

*LIRS to rake N360 billion from tax

*N164.9 billion from Federal Allocation

*Estimated revenue: N642.849 billion

Roads, education and transportation top the list of allocation from Governor Akinwunmi Ambode’s 2017 budget of N812.99 billion.

In the budget presented to the House of Assembly on Tuesday, road infrastructure got the highest allocation with N138.249 billion, followed by education, which got N92.400bn and health, N57.290bn.

Also, Transportation got N51.376bn in the budget, while housing received N50.290bn. Others are: Water, N18.181bn; Tourism, N20.247bn; Agriculture and Food Security, N4.795bn; Environment, N38.129bn; Sports Development, N9.457bn; Commerce and Industry, N6.177bn; Wealth and Employment Creation,…

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