The Nigerian Senate on Tuesday passed the 2019 Appropriation Bill after months of rigorous deliberations on the proposal sent by the Executive in December 2018. The figure is higher than the proposed sum of expenditure President Muhammadu Buhari presented to the joint session of the national assembly on December 19 by N86 billion. The passage […]
For the second time within 10 days, the Senate Committee on Appropriation on Thursday failed to lay the report of the 2019 Appropriation Bill, with budgetary proposal totalling N8.83 trillion, before the Senate in plenary. Findings indicated that the laying of the report was neither listed on the Order Paper for day, nor was it […]
Apparently overwhelmed by the political brinkmanship associated with the election of leaders for the 9th National Assembly, the Senate on Tuesday could not conclude deliberations on the 2019 Appropriation Bill and postponed its passage by two weeks. The upper legislative chamber stated that it adjourned plenary till April 9 to allow its Committee on Appropriation […]
The Senate on Tuesday resolved to hold a joint session with House of Representatives on Wednesday, December 19, for President Muhammadu Buhari to present the 2019 Appropriation Bill, despite the ongoing industrial action of workers. The Senate Leader, Senator Ahmad Lawan, had at plenary moved a motion for the presentation of the bill by the […]
The upper chamber of the National Assembly, the Senate urged the Central Bank of Nigeria, CBN, to direct banks to increase the maximum per transaction withdrawal by customers automated teller machines (ATMs) to N40,000 up from the N20,000 currently. This is even as the ‘red chamber’ also canvassed immediate cancellation of ATM card maintenance fees […]
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday put the total capital budget releases from the 2018 budget at a total sum of N460 billion. The minister disclosed the figure while fielding questions from journalists at the sidelines of the ongoing IMF and World Bank Group Annual Meetings in Bali, […]
There are strong indications that the Federal Government surpassed previous years’ capital budget implementation in 2017 as reports indicated that it achieved about 73.5 percent of the capital expenditure for the year. In the year under review, a total of N2.029 trillion was allocated to capital projects, excluding FGN Special Intervention Projects, out of which […]
The Senate today accused ministers and heads of some Ministries Departments and Agencies (MDAs) of slowing down the legislative work on the 2018 Appropriation Bill through incessant foreign trips and non-cooperation with the lawmakers. Members of the upper chamber of the National Assembly leveled the allegation during the plenary session. Specifically, the lawmakers faulted President […]