Tag 2018 appropriation bill
The 2018 Appropriations Bill in Nigeria was a budget proposal presented by the President Muhammadu Buhari-led administration to the National Assembly in November 2017. The bill was tagged "Budget of Consolidation" and aimed to consolidate on the gains made in the previous year.
Here are some key highlights of the 2018 Appropriations Bill:
Budget Size: The proposed budget size was N8.612 trillion, which represented a 15.1% increase over the 2017 budget.
Sectoral Allocation:
- Federal Ministry of Education: N541.2 billion (6.3% of the total budget)
- Federal Ministry of Health: N343.4 billion (4.0% of the total budget)
- Federal Ministry of Agriculture and Rural Development: N143.4 billion (1.7% of the total budget)
- Federal Ministry of Works, Power and Housing: N343.4 billion (4.0% of the total budget)
- Federal Ministry of Defence: N343.4 billion (4.0% of the total budget)
Capital Expenditure: The capital expenditure component of the budget was N2.356 trillion, which represented 27.4% of the total budget.
Recurrent Expenditure: The recurrent expenditure component of the budget was N6.256 trillion, which represented 72.6% of the total budget.
Key Projects:
- The Lagos-Kano Standard Gauge Railway Project: N150 billion
- The Second Niger Bridge: N104.9 billion
- The Abuja-Kaduna-Zaria-Kano Road Project: N100 billion
- The National Housing Programme: N10 billion
Challenges:
- The bill was delayed due to disagreements between the Executive and Legislative arms of government over the budget size and sectoral allocation.
- The National Assembly increased the budget size by N508 billion, which was rejected by the President.
- The bill was eventually passed in June 2018, with some modifications.
Implementation:
- The 2018 budget was implemented from January 1, 2018, to December 31, 2018.
- The budget was criticized for being too ambitious, with some experts predicting that it would be difficult to implement due to the country's economic challenges.
- The budget was eventually implemented, but with some modifications and adjustments made along the way.