The Federal House of Representatives during its plenary on Tuesday, May 9, 2017 received the report of the much awaited 2017 Appropriations Bill for possible consideration and passage within the week. The Report was laid before the House by the Chairman, Committee on Appropriations, Hon. Mustapha Bala Dawaki after 5 months of thorough scrutiny and inputs by members of the Committee in collaboration with other critical Committees of the House in a bid to ensure reasonable transparency, prudence and accountability in the use of public funds.
With the leave of the Speaker, Rt. Hon. Yakubu Dogara, who presided over the plenary session, Hon. Dawaki raised a motion "That the House do receive the Report of the Committee on Appropriations on a Bill for an Act to authorize the issue from the Consolidated Revenue Fund of the Federation the total sum of ₦7,441,175,486,758 (Seven Trillion, Four Hundred and Forty-One Billion, One Hundred and Seventy-Five Million, Four Hundred and Eighty-Six Thousand, Seven Hundred and Fifty-Eight Naira) only, of which, ₦434,412,950,249 (Four Hundred and Thirty-Four Billion, Four Hundred and Twelve Million, Nine Hundred and Fifty Thousand, Two Hundred and Forty-Nine Naira) only, is for Statutory Transfers, ₦1,841,345,727,206 (One Trillion, Eight Hundred and Forty-One Billion, Three Hundred and Forty-Five Million, Seven Hundred and Twenty-Seven Thousand, Two Hundred and Six Naira) only, is for Debt Service,
₦177,460,296,707 (One Hundred and Seventy-Seven Billion, Four Hundred and Sixty Million, Two Hundred and Ninety-Six Thousand, Seven Hundred and Seven Naira) only, is for Sinking Fund for maturing bonds, ₦2,990,920,033,435(Two Trillion, Nine Hundred and Ninety Billion, Nine Hundred and Twenty Million, Thirty-Three Thousand, Four Hundred and Thirty-Five Naira) only, is for Recurrent (Non-Debt) Expenditure while the sum of ₦2,174,496,775,867 (Two Trillion, One Hundred and Seventy-Four Billion, Four-Hundred and Ninety-Six Million, Seven Hundred and Seventy-Five Thousand, Eight Hundred and Sixty-Seven Naira) only, is for contribution to the Development Fund for Capital Expenditure (exclusive of capital expenditure in Statutory Transfers) for the year ending on the 31st December, 2017(HB. 884)”.
The Bill will soon receive final consideration in the Committee of Supply before passage in line with legislative practice. Meanwhile, Mr. Speaker has directed that copies of the Report are to be made available for members to go through and make further contributions to the money Bill.