There are strong indications that there is no provision for new minimum wage or salary increment for government workers in the 2017 proposed budget.
For the year 2017 the federal government has proposed a budget of N7,281,361,611,853. The proposed budget represents an increase of 19.95% over the 2016 Appropriation of N6.07 trillion.
However the government, retained the social intervention programme of N500 billion in the 2017 Budget.
The Presidency official, however, politely declined to give details of the domestic and foreign borrowings in the 2017 Budget, saying the details would be provided by the President during the budget presentation.
President Muhammadu Buhari on Tuesday, December 7, formally told the Senate, that he would present the budget proposal before a joint session of the Senate and House of Representatives on Wednesday, December 14.
In a letter read by Senate President, Bukola Saraki, at the plenary, President Buhari said the 2017 budget would contain proposals and packages that would lead Nigeria out of the present economic recession.
Source: Naija News