The National Assembly is unlikely to reconvene on Tuesday to consider the N242 billion virement for the 2019 General Elections.
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Former Vice President of Nigeria, Atiku Abubakar, has vowed to devote 21 per cent of the Federal Budget to education if elected president next year.
Iyanda said this while speaking with the News Agency of Nigeria in Lagos.
Na’allah was reacting to the Buhari’s criticisms during his budget signing speech on the reduction of `N` from the proposal sent to NASS and increasing it by ‘N’ for some projects which he said might be difficult to execute.
I became fearful, not only because of the fiscal deficit of N1,954,464,993,775 and a deficit to GDP of -1.73 per cent, and the feeble plan for revenue generation, but because of Nigeria’s usual way of “shifting the deckchairs on the Titanic”.
He listed the defaulting committees as: Defence, Army, Air Force, Navy, Industry, Federal Capital Territory, States and Local Government, Culture and Tourism, Petroleum Downstream, Petroleum Upstream and Niger Delta.
The figure showed an increase of N6 billion from the N128.10 billion presented by Governor Abubakar Sani Bello on December 14, 2017.
Senate’s spokesperson, Senator Sa’abi Abdullahi, said this while addressing newsmen in Abuja.
The decision followed the adoption of a report of the Senate Public Accounts Committee presented to the chamber by its Chairman, Senator Matthew Uroghide during plenary.
The News Agency of Nigeria reports that the House presided over by the Speaker, Michael Adeyemo, unanimously consented to the passage of the bill.
The Commissioner for Finance and Economic Development, Eucharia Offor, made this known at the 2018 Budget Breakdown in Enugu on Thursday.
Obaseki had on November 29 presented a budget proposal of N146.6 billion, made up of N66.7 billion recurrent and N79.8 billion capital expenditures to the legislature for consideration.
The Senate and the House of Representatives had about three weeks ago adjourned plenary to focus squarely on the defense of the year’s budget by the MDAs
The report, which was presented to the President of the Senate, Dr. Abubakar Bukola Saraki, by the Leader of the Senate, Ali Ndume, recommended that annual budget be presented in the first week of September
He also pledged that the Senate would immediately commence the amendment of the Public Procurement Bill currently before the National Assembly as a way of aiding the effective implementation of the budget
In a separate interviews with senators on the issue, the lawmakers explained that budget proposal is not sacrosanct, adding that it can be re-jigged behind the scene by the President
Sources told The Eagle Online that the new crude oil benchmark was arrived at during a closed doors session between senators and the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala
Already, the National Assembly has passed the federal budget of N4.6 trillion, which is yet to be signed by President Goodluck Jonathan
The committee made its position known during the budget defence of the state Ministry of Information and Re-orientation in Lafia, the state capital
Fashola attributed the feat to the successful completion of the state’s N87.5 billion bond issued in the last quarter of 2013 and execution of projects during the period