How National Assembly budget rose from N2.2bn in 1999 to N344.9bn in 2024

Records from the Budget Office show that the budget of the Nigerian National Assembly rose from N2.2 billion at the advent of the contemporary democratic dispensation in 1999 to N 344.9 billion in 2024.

The outrageous increase in the budget size of the National Assembly in the past 25 years did not reflect increase in the number of the federal lawmakers.

The budget ‘jump’ is highlighted as follows:

NATIONAL ASSEMBLY BUDGET

1999:           N2.2 billion

2000:         N29.5 billion

2002:         N28.2 billion

2003:         N23.3 billion

2004:        N34.7 billion

2005:        N55.4 billion

2006:        N45 billion

2007:       N60 billion

2008:       N73.7 billion

2009:       N123 billion

2010:        N154 billion

2011:        N111 billion

2012:        N150 billion

2013:        N150 billion

2014:        N150 billion

2015:        N120 billion

2016:        N115 billion

2017:        N125 billion

2018:       N139.5 billion

2019:       N128 billion

2020:      N128 billion

2021:      N134 billion

2022:        N139 billion

2023:       N228.1 billion

2024:      N344.9 billion