5 things you should know about Nigeria’s 2017 budget by Nwamaka Ogbonna
5 things you should know about Nigeria’s 2017 budget. On Monday June 12, 2017, Nigeria’s 2017 budget was finally signed into law after several months of the drama that has come to characterise Nigeria’s budget process. As a Twitter user put it ‘In 2016, we were looking for the budget to get it signed while in 2017 we were looking for who would sign the budget’ (fam, in 2016, the budget literally got missing!! In 2017, there wasn’t anyone to sign it as the President was abroad for medical treatment and some ‘cabal’ wouldn’t let the acting President sign it) Lol, I know I have digressed but let’s unpack this budget now, shall we? What are the 5 things you should know about the budget? 1. It is a big budget: The total cost of the budget is N7.44 trillion , a 20.42% increase from the 2016 budget which was valued at N6.06 trillion. 2.Revenue: The government’s income (projected revenue) is only N4.94 trillion. How do they expect...