For example, in Buhari’s estimates, the recurrent expenditure was captured as N3.494tn, but on Wednesday, the legislators approved N3.515tn as recurrent expenditure. Similarly, the development fund for capital expenditure was raised to N2.869tn from N2.652tn. The Ministry of Education got N541.2bn for both capital and recurrent expenditure, up from the N496.9bn proposed by the President. It read in part, “(The) special intervention (is) as a result of increase in oil price benchmark. After close consultation with the executive, the increase in oil price benchmark was applied in the following critical sectors of the economy.
Source: Punch May 16, 2018 23:26 UTC