Overview

The document is the Appropriation Bill 2011, which authorizes the issue of a total sum of =N=4,226,191,559,259 from the Consolidated Revenue Fund of the Federation of Nigeria for the year ending December 31, 2011. The breakdown includes =N=196,115,163,718 for Statutory Transfers, =N=542,381,827,452 for Debt Service, =N=2,481,705,176,915 for Recurrent (Non-Debt) Expenditure, and =N=1,005,989,391,174 for contribution to the Development Fund for Capital Expenditure. The bill provides for the issuance of funds via warrants signed by the Minister of Finance, appropriation to heads of expenditure as per the Schedule, release only for specified purposes, virement only with prior approval of the National Assembly, and interpretation of the term 'Schedule' to include detailed estimates. It also cites the short title as Appropriation Act 2011. The Schedule details Statutory Transfers: National Judicial Council (95,000,000,000), Niger-Delta Development Commission (46,786,520,628), Universal Basic Education (54,328,643,090), totaling 196,115,163,718; and Debt Service: Domestic Debts (503,465,330,805).

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