Friday, 20 July, 2018

National Assembly Raises Budget to N9.12tn

Nigerian Senate Nigerian Senate
Emmett Howard | 16 May, 2018, 06:35

In November 2017, President Muhammadu Buhari presented the budget of N8.612 trillion to the parliament for passage.

This is part of the recommendations of the Committee of Appropriations in its reports submitted by Senator Danjuma Goje.

Independent also reports that the National Assembly has jerked up the 2018 budget to N9.120 trillion, saying that the details of the budget were listed on the order paper.

In the House of Representatives, the chairman of its Appropriation committee, Hon.

It also added that the sum of N199 billion is for sinking fund for maturing loans; N3,516,477,902,077 is for recurrent (non debt) expenditure while N2,869,600,351,825 is for development fund capital expenditure.

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A member of the Senate Committee on Appropriations, Aliyu Sabi Abdullahi, had last week assured that both legislative chambers would pass harmonised budget this week.

Passage of the bill was however delayed as the lawmakers accused heads of Ministries, Departments and Agencies (MDAs) of refusing to submit details of budget proposal and failing to make appearances before relevant committees.

"If after the one-week and they don't, then we will take necessary actions to show that they need to comply with the law".

The Senate is yet to fix a date for the consideration of the budget.

The Deputy Speaker, Yusuf Lasun, who presided over the plenary at the House of Representatives on Tuesday expressed optimism that the budget would be passed on Wednesday or Thursday.

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