Budget: Reps raise Buhari's N8.6trn to N9.1trn

Budget: Reps raise Buhari's N8.6trn to N9.1trn

The amount represents an increase of N508 billion over the N8.612 trillion submitted by President Muhammadu Buhari to the joint session of the National Assembly on the 7th November, 2017.

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

The Senate on Tuesday received the report of the Committee on Appropriation on the 2018 Budget.

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

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

The details of the budget were listed on the order paper available at the Nigerian Senate on Tuesday, May 15. "Our cooperation should not be misread as weakness or not knowing what to do".

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.

"I have earlier said it in other fora that the senate targets to lay the budget this week at its plenary".

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