Wednesday, 19 December, 2018

Just In: National Assembly Receives 2018 Budget Report

Just In: National Assembly Receives 2018 Budget Report Just In: National Assembly Receives 2018 Budget Report
Sherri Watson | 16 May, 2018, 06:36

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. gathered that the presentation of the report was seconded by the chairman, Senate committee on public accounts, Senator Matthew Urhoghide representing Edo south.

President Muhammadu Buhari had in November 2017 presented to a joint session of the National Assembly a budget estimate of N8.612 trillion for the 2018 fiscal year.

The report of the Senate Committee on Appropriations chaired by Senator Danjuma Goje is number six items on today's order paper.

THE House of Representatives on Tuesday, announced an increase on President Muhammadu Buhari's 2018 Appropriation Bill from N8.6 trillion to N9.1 trillion.

The report had it that the breakdown of the budget, which was laid before both chambers on Tuesday, May 15, showed that the sum of N530,421,368,624 is for statutory transfer while N2,203,835,365,699 is for debt service.

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

Speaking during today's House sitting, Yusuf Lasun, Deputy Speaker of the House of Representatives, said the lawmakers are expected to pass the budget on Wednesday or Thursday.

Senate President, Bukola Saraki, and Speaker, Yakubu Dogara, had met with the President at the Presidential Villa to, among others, deliberate on the thorny aspects of the budget.