The Senate on Wednesday passed the 2016 Appropriation Bill of N6.06 trillion, reducing it by N17 billion from N6.07 trillion proposed by President Muhammadu Buhari. The passage of the bill followed the consideration of the report of the Committee on Appropriation presented at plenary on Tuesday. Before approving the budget through a vote, the senators […]
Continue ReadingThe National Assembly which had early said the 2016 budget report would be laid March 16 and passed March 17 after consideration. However, the passage of the 2016 has been suspended by the national assembly. The budget was not presented at either chamber on Wednesday as promised. Addressing journalists after plenary, the Senate Leader, Ali […]
Continue ReadingNigeria’s President, Muhammadu Buhari on Thursday approved the immediate deployment of 22 top directors from the Budget office. Authorities said the redeployment is part of a service-wide posting involving about 184 senior staff in various ministries, departments and agencies, in the federal civil service. But the 22 officials were moved less than a month after […]
Continue ReadingNigeria’s Minister of Health, Isaac Adewole, has distanced himself from the 2016 budgetary allocation for his ministry, maintaining that his ministry did not submit what was presented before the national assembly. Mr. Adewole said that the state house clinic, which was allocated more money than all federal hospitals, is not under the supervision of the […]
Continue ReadingSenate President, Abubakar Bukola Saraki, has commented on the 2016 budget, describing it as ambitious. Saraki noted that for it to be realistic and successful, emphasis should be on the non-oil and independent revenue generating sources. The senate president stated that though the 2016 budget proposal was ambitious, it could be achieved if all that […]
Continue ReadingSenate Committee on Education, on Monday, discovered N9,982,258,479 hidden in the budget of parastatals by the Federal Ministry of Education. The committee, which discovered the amount at the commencement of its 2016 budget defence, said the amount was hidden in the ministry’s parastatals. The parastatals allocation for the year, according to the Senate Committee, increased […]
Continue ReadingSenator representing Lagos Central, Oluremi Tinubu, has opposed the budgetary allocation of N4 billion to the Federal Ministry of Women Affairs and Social Development, saying it is inadequate as it would not cater for the welfare of women who supported the ruling party. Mrs. Tinubu, revealed this during the debate on the general principles of […]
Continue ReadingA Peoples Democratic Party (PDP) senaor representing Abia South, Eyinnaya Abaribe, has described President Muhammadu Buhari’s 2016 budget as “dead on arrival”. Sen. Abaribe spoke while making his contribution to the debate on the budget on the floor of the senate on Wednesday. “Mr President, my colleagues, this budget is indeed unique.; after the budget […]
Continue ReadingPresident Buhari has acknowledged that he was aware of the controversies and confusion the corrections made on the budget proposals had provoked in the polity. He explicated that the draft bill did not change, neither were there any changes in the figures of either the sectoral allocations or the total budget figures. Meanwhile, Nigerian Senate […]
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