NASS Increases 2018 Budget To N9.1tr

Six months after President Muhammadu Buhari presented the 2018 budget, the Senate has today listed the presentation of the report of the document in its today's program.

The report was laid by Danjuma Goje, Chairman of the Senate Appropriation Committee and seconded by Senator Matthew Uroghide.

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

A breakdown of the budget indicates that N530.4 billion is for statutory transfer, N2.20 trillion for debt service and N199 billion for sinking fund for maturing loans.

This is contained in the report of the National Assembly joint Committees on Appropriation just presented to members.

The House proposed N2.86tn as contribution to the Development Fund for Capital Expenditure.

The MDAs on the other hand accused the federal lawmakers of demanding bribes as conditions for passing the 2018 budget.

However, Senate President Bukola Saraki attributed the delay in approving the money bill to failure of heads of ministries, departments and agencies to defend the budget before their respective committees.

The ultimatum was sequel to a point of order raised by the Senate Leader, Senator Ahmed Lawan, through a point of order.

Therefore, the Senate on February 14, 2018, gave the MDAs one-week ultimatum to submit details of their 2018 budget proposals or risk sanctions.

Yussuff Lasun, Deputy Speaker of the House of Representatives who presided over the plenary session mandated all the lawmakers to collect copies of the budget preparatory for passages.

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

(Copyright © 2015. All Rights Reserved.)
 
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