The 2018 appropriation bill has jerked up to N9.12trn from the N8.612 trillion the presidency sent to the National Assembly.
The increase came to light on Tuesday in the report of the Committee on Appropriations of the Senate, which the Chairman, Senator Danjuma Goje, APC, Gombe Central laid before his colleagues in the hallowed chamber.
The Chairman, Senate Committee on Public Accounts, Senator Matthew Urhoghide, PDP, Edo South seconded the report’s presentation.
In the House of Representatives, the chairman of its Appropriation committee, Hon. Mustapha Dawaki (APC, Kano), also laid the report.
According to the report of the joint Committees on Appropriations, the amount represents more than 10 per cent increase of the original amount of N8.612trillion submitted by President Muhammadu Buhari on December 5, 2017.
Also jerked-up by the lawmakers is the crude oil benchmark which has been increased from its earlier $45 per barrel to $50.5 per barrel.
