The Nation Newspaper

Tag: budget

  • ‘Ondo budget ready’

    ‘Ondo budget ready’

    Ondo State Governor Rotimi Akeredolu (SAN) is expected to present this year’s budget to the House of Assembly for perusal and passage in the next two weeks.

    Former Governor Olusegun Mimiko could not present the budget before he left office on February 24 due to a crisis rocking the Assembly.

    At a de-briefing between the officials of the state and World Bank team in Akure, the state capital, Akeredolu, who was represented by Deputy Governor Agboola Ajayi, said the budget would be presented to the legislature before a fortnight.

    The governor thanked the global bank’s officials, who inspected projects in the state, led by its Task Team Leader, Folusho Okunmadewa, for their special interest in Ondo State.

    He hailed the previous administration for its achievements in the Health sector, saying it had put the state on a high pedal among its peers.

    Akeredolu assured the World Bank that the government would include the developmental plans that were in collaboration with the financial institution in the proposed budget.

    He said: “In the next few weeks, you will begin to see the result of this visit. We will reach out to the House of Assembly to pass bills that will help the smooth passage of plans to work effectively.

    “We will have a budget that will capture all the plans the World Bank has for us. This budget will make the state better.

    “…We are ready to do necessary things that will promote our state.”

  • Budget delay may adversely affect capital expenditure

    The Managing Director/CEO, Cowry Asset Management Limited, Johnson Chukwu has blamed the delayed implementation of capital expenditure budget on the government’s budgeting process.

    Chukwu said the budgeting process rather comes too late that the greater time that should have been used to implement the budget was spent waiting for approval.

    Speaking with The Nation on telephone, he said the challenge would be how the government could implement the capital expenditure budget of about N2.71 trillion given the fact that the budget was passed rather too late.

    He noted a large chunk of the budget about N553billion was earmarked for power, works and housing arguing the works and housing components of the budget would require a favourable weather condition adding implementation of road infrastructure is always very slow during the peak of the rainy season.

    “The challenge is how to implement the key component of the budget that has direct impact on the economic development of the country. The components of the budget that relates to works and housing he said may not achieve much traction particularly those projects that are in the southern part of the country until the end of the rainy season,” he further argued.

    The implication he said was that the capital expenditure budget was hardly or fully implemented leading to a situation where the country keeps rolling over projects year in, year out without completing them.

    He recalled in 2016, the budget was also approved in May saying that will in way attract any good comments on the side of the government and a country that is in dire need of infrastructural advancement.

    He also said the issue of due process had to be contained with arguing because of due process law it might take another two months or thereabout for the actual disbursement to be effected on the capital expenditure.

    “So, you realise that it would be a sheer dream for one to expect that the budget that was approved in May will have a 100 per cent implementation particularly the capital expenditure component of it,” he argued.

    “Again, the time the government takes to submit the budget is also late, I think the government based on the fiscal responsibility act the budget should have been submitted in September or October but we realise that the budget was submitted last week of December 2016 when the National Assembly was about going on Christmas recession,” he noted.

    Chukwu argued in terms of proportion of capital expenditure the 2017 budget was an improvement over the previous years, adding we are talking about capital expenditure of 30 per cent of the national budget.

    On the private sector, Chukwu said the budget would have a direct impact on contract awards, engagement of services providers; it will also have direct impact on government expenditure and multiplier effect on the economy including improving consumption which according to him would lead to improvement in demand for goods and services produced by the private sector.

  • Budget: Why Nass deserves our plaudits

    Budget: Why Nass deserves our plaudits

    As one of the unrepentant critics of the activities of our lawmakers in both the Senate and the House of Representatives, I never imagined that a day like this would ever come where I would be penning nice words in awe of the humanitarian gestures of this known set of light-fingered elite. For a group I have taken the personal liberty and mouth-watering delight to decorate with loads of expletives for every bumbling curve in their errant legislative ineptitude, it is humbling that I have, for once, found a reason to be on the same page with these jesters on how best we can engender a people-friendly budgetary system. Who would have thought that it would take the much vilified, and justifiably so, 8th Assembly, under the leadership of Senator Bukola and Hon. Yakubu Dogara, for us to reach this bend of sense and sensibilities? Yes, it is true that they have spent more time tending pieces of legislation that protect their group interests than that of the general good. They also can’t wash off the accusation that they have taken more breaks, with the silliest of excuses, from duty than necessary neither do they have any convincing justification for the way they engage the executive in flighty pugilistic battles that demean the aura of grey-haired wisdom that should ordinaryly pervade the ambience of the hallowed chambers. Yet, these set of lawmakers deserve nothing but our applause for demanding that, within two weeks, the Presidency should direct all government agencies to submit their 2017 spending projections for proper appropriations as required by the laws of the land.

    Quite honestly, it is sickening that we would be sitting here to discuss this vexatious matter 18 years into the Nigerian democratic experiment when it should have been tackled right from the onset. Question is: How on earth did we allow more than three dozen government agencies to have access to the national treasury, withdraw billions of naira and spend as they wish without any legal backing? It is bothersome that some of these agencies are expected to set the benchmark for fiscal responsibility and financial discipline. Could it be that the legislators, who should have stopped the madness from its steady growth into this monstrosity, deliberately glossed over the abnormality because it made it easy for its bureaucracy to justify its equally benumbing policy of carting billions in bulk from the national till without tendering any budgetary highlight? Was that how the blind has been leading the blind for ages on this perilous trajectory until persistent public outcry forced the National Assembly to open up its budget for public scrutiny like it did some weeks back? That may be the case even if it does not, in any way, diminish the fact that the lawmakers have shown courage by demanding for an end to the government-approved fraud!

    In the words of the President of the Senate, it flies against the principles of logic for a government that claims to be fighting corruption to turn the blind eye when the statutory corporations under it spend money without approval; any legitimate budgetary outlay or appropriations. It is not enough for the affected agencies to justify their reckless act, hiding their shamelessness under the protective custody of the letters and spirits of the various acts setting them up as the Central Bank of Nigeria usually does. To be candid, the Fiscal Responsibility Act is nothing but a useless piece of legislation without the kind of accountability that would ensure checks and balances in the system. That is why I concur with the Senate when it dismantled the semantics and insisted that government must operate within the bounds of Section 21 (1-3) of the Act which states that: “The government corporations and agencies and government-owned companies listed in the Schedule to this Act shall, not later than six months from the commencement of this Act and for every three financial years, thereafter, and not later than the end of the second quarter of every year, cause to be prepared and submitted to the Minister, their Schedule estimates of revenue and expenditure for the next three financial years. Each of the bodies referred to in sub-section (1) of this section shall submit to the Minister not later than the end of August in each financial year: (a) an annual budget derived from the estimates submitted in pursuance of subsection (1) of this section and (b) projected operating surplus which shall be prepared in line with acceptable accounting practices. The Minister shall cause the estimates submitted in pursuance of subsection (2) of this section to be attached as part of the draft Appropriation Bill to be submitted to the National Assembly.”

    If it is true that all the listed corporations operating under this Act have religiously refused to comply with the provisions, then it is not just a case of an abuse of power as the Senate puts it but a direct antithesis to what the Act sets out to achieve. No wonder the Senate described it as an “economic sabotage aimed at frustrating the current economic measures being taken by the current administration to address the economic recession.” Kindly overlook the lack of economics in the choice of words! Of course, when you give room for bodies like these to maneuver the system without clear cut records of what they take or give back to the consolidated revenue fund of the federation, you prepare the ground for financial recklessness and fiscal irresponsibility that continue to bleed the national economy. If we insist that the National Assembly must tender records of what it does with the N125bn it takes in one single tranche from the consolidated accounts, why should we exclude big spending corporations like the Nigerian National Petroleum Corporation, the CBN, the Bureau of Public Enterprises the Securities and Exchange Commission, the Nigerian Customs Service and the National Communications Commission among others from opening up their annual appropriations to the general populace? As Senator George Sekibo asked during plenary, “if a man who is to give the law fails the law, what happens to him?” In Nigeria, nothing happens most of the time!

    I just hope the Federal Government or whoever is expected to handle the matter in The Presidency understands the intricate implications of the poser raised by Sekibo. On this matter, the government cannot afford to play dumb. Like the Deputy Senate President pointed out during the debate, democracy becomes endangered when those that should strictly operate within the provisions of the Constitution (as amended) use all sorts of under-the-table tricks to subvert its supremacy. This government clattering silence is deafening. Listen to Ekweremadu: “We are here talking about responsibility of governance. There cannot be any hard responsibility than Fiscal Responsibility because that is the beginning of all evils; we must begin to ensure that we live by the laws we make for ourselves”.

    We must all be interested in the revelations by the Senate Ad-Hoc Committee on Misuse, Non Remittance and Fraudulent Acts of Internally Generated Revenue by Government Agencies chaired by Senator Solomon Adeola. If the name of the committee was mouthful, its findings are definitely not something that should be swept under the carpet. With its declaration that all the 12 federal universities that appeared before it presented fictitious documents with figures that never added up, you’d understand why the accounts of these highly revered citadels of learning are in bad shape with Adeola saying that: “the financial management of our universities is in such a parlous state with many of them like the FUT, Minna presenting obviously fictitious documents and figures all in an attempt to exonerate themselves from non-remittances of revenue generated while completely expending all revenues generated on sometimes, frivolous expenditure heads”. And then a report quoted Adeola as putting an icing on the cake, wondering “the type of education that these universities will be giving to the students if they are run with the Vice Chancellor not being able to recollect the number of students in his school, the number of bed spaces available and paid for by students as well as present development levy fees”. Ouch!!!

    You know what? Should the Federal Government fail to accede to the demands of the National Assembly this time, let no one trouble its bureaucracy about the need to explain why it has budgeted N13.38bn on travels; N7.77bn on vehicles; N74.06m on sewage charges; Management of National Assembly: N14, 919, 065, 013; Senate: N31, 398, 765, 886; House of Representatives: N49, 052, 743, 983; NASS Service Commission: N22, 415, 712, 873; Legislative aides: N9, 602, 095, 928; PAC Senate: N118, 970, 215; PAC House of Representatives: N142, 764, 258; General Services: N12, 584, 672, 079 NASS; Legislative Institute: N4, 373, 813, 596 and Service-wide-vote: 391, 396, 169. Why should we bother them anyway? After all, it is their N125 billion and they are free to do whatever they like with it since the arm of government that gets the lion share of the entire budget is still wringing its hands in stupefaction while its errant statutory corporations are bleeding the treasury with glee.

    One good corruption, it must be said, deserves another. That’s the idea, right? So much for change!

  • Budget: Presidency awaits feedback from MDAs before assent

    Budget: Presidency awaits feedback from MDAs before assent

    The Presidency is yet to assent to the 2017 budget because it is awaiting feedback from Ministries, Departments and Agencies (MDAs) on the bill passed by the National Assembly, The Nation learnt yesterday.

    The government has asked ministers to study the budget to determine the extent of adjustment, alteration and tampering.

    The government is said to be trying to avoid a repeat of the padding of the budget as the case in 2016.

    The National Assembly on May 11 passed the 2017 Appropriation Bill and raised the estimate from N7.28 trillion proposed by President Muhammadu Buhari in December last year to N7.44 trillion.

    Although the Assembly exercised its constitutional right, the government was not expecting that the Appropriation Bill would be raised up.

    But the Presidency has asked ministers and the agencies under them to “go through what was passed.”

    The Presidency made the budget available to ministers last Tuesday and Wednesday.

    The MDAs have about a week to go through the document.

    It was gathered that the Presidency does not want to rush into signing the budget without verifying the proposals approved by the National Assembly.

    A source in the Presidency said: “There is no problem about assent to the 2017 budget; the Presidency is only awaiting feedback from MDAs.

    “The last time I checked, the feedback was still coming from ministers and the agencies. But the government is tidying up the process.

    “This is to show you that everyone is involved in the process. We want to make the budget as transparent as possible.”

    A top government official also said: “Actually, the budget was given to ministers to check the details to avoid a repeat of the padding of 2016. The purpose is to ensure that the proposals of the government for 2017 were not significantly tampered with.

    “At the end of the day, the government will evaluate the aggregate of the adjustments made to the budget before deciding whether or not to sign it into law or draw the attention of the National Assembly to significant alterations.

    “If the aggregate of alterations is less than five per cent, the President or the Acting President (as may be directed) will then sign it into law.”

    Responding to a question, the source added: “The analysis of the budget by MDAs is also good for the records in comparison with past budgets.

    “On assent to the budget, I can tell you that this government is one. It can either be President Muhammadu Buhari or the Acting President as may be directed. There is no problem at all contrary to insinuations.

    “We are all hopeful that the President will be well enough within the next one week or two to sign the budget. Otherwise, the Acting President will assent to the document.”

    Buhari presented the budget to the National Assembly on December 14, 2016.

    It was learnt that two significant aspects of the budget are sxciting to government officials.

    The aspects are Clause 11 of the Appropriation Bill which provides that the budget will run for 12 months, starting from the date it is signed into law and the allocation of 30 per cent to capital expenditure.

    By implication, the budget cycle may run from May to May.

    Other highlights in the budget are  Statutory Transfers ( N434 billion);  Debt Servicing (N1.8 trillion); Sinking Fund for Maturity Bonds( N177.5 billion);  Recurrent Non-Debt Expenditure (N2.99 trillion) and Development Fund for Capital Expenditure, exclusive of the capital expenditure in statutory transfers for the year ending Dec. 31, 2017(N2.2 trillion).

    The crude oil production benchmark for the budget is 2.2 million barrels per day with foreign exchange rate at N305 to the US dollar.

  • Opadokun, Falana to Osinbajo: don’t assent 2017 budget

    Opadokun, Falana to Osinbajo: don’t assent 2017 budget

    •Activists seek arrest of those behind rumoured coup

    Former scribe of Yoruba socio-cultural organisation, Afenifere, Ayo Opadokun and fiery Lagos lawyer Femi Falana at the weekend questioned the legality of the National Assembly on the inflation of the 2017 budget.

    They, therefore, urged the Acting President Yemi Osinbajo not to sign the budget into law as presented to him by the National Assembly.

    They spoke in Ilorin, the Kwara State capital, at a colloquium on Kwara at 50 organised by the Movement for Genuine Change.

    Falana spoke on “Politics, Leadership and accountability: The role of the people”.

    Opadokun’s paper was entitled: “Dynastic politics and challenges of a modern state”.

    Falana said:”It is illegal for NASS to increase the budget as transmitted to it by the executive. I, therefore, urge Prof. Osinbajo not to pass the illegal appropriation bill into law.

    On the controversy surrounding who will sign the 2017Appropriation Bill into law, the rights activist insisted that only the Acting President is constitutionally empowered to sign the document.

    Falana called for the arrest and prosecution of the civilian collaborators of the “coup plotters”.

    He, however, warned the political class to stop playing into the hands of potential coup plotters.

    He added: “The enemies of democracy are desperately trying to exploit President Buhari’s health to truncate the democratic dispensation. But in view of the ruinations of our economy, the bastardisation of our politics and the devaluation of our national morality by previous military dictators, the Nigerian people must be prepared to reject the coming into power of another fake salvation army.

    “Notwithstanding the glaring shortcomings of the fragile democratic process, the people should be allowed to take advantage of the democratic structures to take their political destiny in their own hands.”

    On his part, Opadokun said: “When there is a bill of appropriation before the National Assembly, what they can do is to work with the executive to establish that the correct figures are there. But to add something that was not there before is ultra vires powers and I concur with Femi Falana as he is talking law and law in this circumstance is to be respected.  They don’t have that right they are arrogating to themselves.”

     

  • Osinbajo will sign 2017 budget when satisfied with approval – Akande

    Osinbajo will sign 2017 budget when satisfied with approval – Akande

    The Presidency on Wednesday night maintained that Acting President Yemi Osinbajo will assent to the 2017 Budget when transmitted to the Executive arm of government.

    There were confusion in some quarters on Wednesday whether the document when received by the Presidency would be kept till President Muhammadu Buhari returns from his medical trip to the United Kingdom or assented to by the Acting President.

    The Senior Special Assistant on media and publicity, Laolu Akande, however said that the Acting President will assent to the budget when he is fully satisfied with its content.

    Akande on his Twitter handle said “Just so we are clear: when the time comes, everything is set, & he is satisfied, Ag. President Yemi Osinbajo will assent to the 2017 Budget.”

     

  • 2017 Budget will bring more development – APC

    2017 Budget will bring more development – APC

    The All Progressives Congress (APC) on Friday in Abuja, said the 2017 budget approved by the National Assembly on Thursday would usher in better development in the country.

    National Publicity Secretary of the party, Malam Bolaji Abdullahi, gave the assurance in an interview with the News Agency of Nigeria (NAN).

    He said that rather than criticise the budget, Nigerians should commend the lawmakers and APC leadership for making it open for public scrutiny before it was passed.

    Abdullahi dismissed insinuations that the budget may have been padded by the lawmakers and said that the National Assembly deserved commendation.

    He said that Nigerians were able to know how much was allocated to each sector of the economy, “because for the first time in Nigeria’s democratic history, its budget was open to public for scrutiny’’.

    This, he said, was not possible before now, adding that the APC was proud of the development.

    “By making the budget available to the public for scrutiny, they are demonstrating that we meant it when our party said we are going to operate within the principle of probity and accountability.

    “What happened at the National Assembly is unprecedented because for the first time, Nigerians are seeing the details of the budget and this should be commended,” Abdullahi said.

    NAN recalls that in passing the 2017 Appropriation Bill, the assembly raised the figure from N7.30 trillion proposed by President Muhammadu Buhari on Dec. 14, 2016, when he presented it, to N7.44 trillion.

  • National Assembly passes N7.441 trillion 2017 Budget

    National Assembly passes N7.441 trillion 2017 Budget

    The 2017 budget was yesterday passed by the two chambers of the National Assembly—147 days after it was laid before them.

    President Muhammadu Buhari presented a N7.298 trillion estimate before the joint session on Deember 14, last year.

    But the lawmakers passed an estimate of N7.441 trillion, raisng the expected expenditure by N143 billion.

    The appropriation committees of both chambers presented the reports of the budget for consideration and the bill was passed with little complaints.

    Oil price benchmark was raised from $42.50 proposed by the President to $44.50. The lawmakers however retained 2.2 million barrels per day for crude oil production and an exchange rate regime of N305/ USD.

    The lawmakwers raised their expenditure plan from N115 billion to N125 billion.

    For the first time, the lawmakers released an outlay of their budget.

    At the House of Representatives, Chairman, Committee on Appropriation Mustapha Dawaki (APC, Kano) presented the report which was considered and passed.

    The Green Chamber suspended the business of the day and dissolved into the Committee of Supply for the consideration and passage of budget with its 12 attached clauses.

    There was only one complaint as the Speaker took members through a clause-by-clause consideration of the bill. Members protested against the N84.7 billion Recurrent and Capital budget of the Office of the Secretary to the Government of the Federation.

    There were shouts of ‘no, no’, as the Speaker got to the item with the SGF’s budget. Nonetheless, it was passed.

    Dawaki said while the Executive proposed a crude oil benchmark of $42.50, the lawmakers approved $44.50. The lawmakers retained 2.2 million barrels per day for Crude Oil production and the Exchange rate regime of N305/ USD.

    Explaining the N 143 billion increase in the estimate, Dawaki said: “With the additional expected revenue from the increase in the benchmark price of crude oil, provision has been made from the under listed budgetary needs, among others. This has increased the aggregate figure to N7,441, 175, 486,758.”

    The additional expenses are: Judgment debts  (Justice) N10 billion; backlog of Corps members allowances ( Youth) N13. 06 billion; repairs of Abuja Airport runway ( Transport) N5.8 billion; increase in personnel cost ( 18 MDAs) N5.1 billion; UNESCO assessed contribution (Education) N1.2 billion;  subscription to Shelter Afrique (Power, Works & Housing) N3.6 billion.

    Others are: Economic Recovery and Growth Plan (ERGP) ( Service Wide) N2.5 billion; Amnesty Programme ( Service Wide) N10 billion; National Identity Management Commission (SGF) N5 billion, and Roads Nationwide ( Power, Works and Housing ) N25 billion.

    Dawaki added: “ Adequate provision has been made for the improvement of our inland water ways, for the second Abuja runway, and funding of the long- abandoned Itakpe- Warri rail line and the Abeokuta Airstrip.”

    SpeakerYakubu Dogara said after the budget consideration: “The House considered and passed the report of the Committee on Appropriations on a Bill authorising the issue from the Consolidated Revenue Fund of the Federation the total sum of N7,441, 175, 486,758 (Seven trillion, four hundred and forty- one billion, one hundred and seventy-five million, four hundred and eighty- six thousand, seven hundred and fifty- eight naira only).”

    In the budget passed N434. 413 billion is for statutory transfers, N1. 841 trillion is for Debt Service and N177.460 billion is for Sinking Fund from maturing bonds. Also, N 2. 987, 560, 033,436 is for Recurrent Expenditure and 2,177,866,775,867 is for Capital Expenditure .

    Fiscal Deficit is N2.356,773,720,940. Deficit to GDP is 2.18 per cent.

    The Federal Ministry of Power, Works and Housing received the highest fund of N586,535,786,168, followed by the Federal Ministry of Transport with N256,519,103,581 and the Federal Ministry of Education N455,407,788,565. The Federal Ministry of Health received N308,464,276,248.

    For debt servicing, N1,663,885, 430, 449 is allocated and N177,460,296,707 is for sinking fund to retire maturing loans,  making a total of N1,841,345,727,206 for debt management.

    Ministry of Information and Culture got N9, 546, 245, 041.

    Under the Service Wide Vote and Pensions N2, 599,702,192 is allocated for the benefits of retired Heads of the Civil Service of the Federation; N4 billion for Treasury Single Account operations; N2.5 billion is for the implementation of the Economic Recovery and Growth Plan.

    Allocation for the contentious zonal intervention projects,  better known as constituency projects, remained unchanged from 2016 at N100 billion. The North-East intervention fund stays at 45 billion.

    The Ministry of Power, Works and Housing got N32, 821, 929, 005 recurrent and N553, 71, 857, 113 for capital expenditure; Ministry of Health receives N252, 854, 396, 662 for recurrent and N10, 291, 783, 534 for capital.

    Ministry of Interior is to receive N472, 597, 817, 561 for recurrent and N63, 760, 562, 487 for capital; Ministry of Transportation to receive N14, 810, 103, 581 for recurrent and N241, 709, 000, 000 for capital.

    The National Judicial Council (NJC) to get N100, 000, 000, 000 billion; while the Universal Basic Education Scheme is to receive N95, 189, 395, 538 billion.

    For the Ministry of Petroleum Resources, it’s N63, 222, 101, 051 billion and N6, 793, 128, 647 for recurrent and capital expenditures respectively.

    Office of the National Security Adviser to get N76, 281, 025, 653 billion for recurrent, with N47, 209, 203, 765 for capital; State House to get N22, 947, 666, 215 for recurrent and N20, 006, 000, 000 for capital of the expenditure.

    Office of the SGF will receive N51, 933, 366, 906 for recurrent while it will receive N32, 778, 490, 342 for capital.

    Domestic debt service to get N1, 488, 002, 436, 547 trillion, while N175, 882, 993, 952 billion is set aside for foreign debt service, bringing the total debt service to N1, 841, 345, 727, 206 trillion.

    Chairman House Committee on Media and Public Affairs Abdulrasak Namdas, said the budget would soon be transmitted to the Presidency for assent.

     

  • National Assembly budget up to N125b

    National Assembly budget up to N125b

    The National Assembly has raised its 2017 budget allocation by N10 billion, from the initial N115 billion to N125 billion.

    The National Assembly Management got N6, 714, 696, 986 for personnel. Overhead cost is N6, 193, 052, 825. Capital cost is N2, 011, 315, 202. The total is N14, 919, 065, 013.

    The Senate has N1, 856, 510, 517 for personnel; N25, 111, 332, 147 for overheads; and N4, 430, 923, 222 for capital, totaling N31, 398, 765, 886.

    House of Representatives: N4, 923, 743, 127 for personnel; N39, 635, 756, 179; and N4, 493, 244, 677; totaling N49, 052, 743, 983.

    NationalAssembly Service Commission has N961, 257, 912 for personnel; N1, 144, 662, 999 overhead cost and N309, 791, 962 is for capital, totaling N2, 415, 712, 873.

    Legislative Aides- N8, 917, 127, 214 for personnel; N534, 968, 714 for overhead; and N150, 000, 000 for for capital, totaling N9, 602, 095, 928.

    National Assembly Legislative Institute has N416, 452, 124 for personnel. Overhead cost is N1, 229, 369, 283 and capital cost is N2, 727, 992, 189, totaling N4, 373, 813, 596.

    The Public Accounts Committee (Senate) gets N118, 970, 215 (overhead cost only). That of the House of Representatives is N142, 764, 258.

    General Services- Overhead is N11, 767, 743, 268 and capital cost is N816, 928, 811, totaling N12, 584, 672, 079. Total Service Wide Vote is N391, 396, 169.

  • Breakdown of National Assembly’s N125 billion budget

    Breakdown of National Assembly’s N125 billion budget

    A total of N125 billion has been budgeted for the National Assembly in the 2017 Appropriation Bill.
    Reports had said the lawmakers were pushing for increment of their budgetary allocation to N150 billion from N115 billion allocated to the National Assembly in 2016.
    Breakdown:
    Management- N14, 919, 065, 013;
    Senate- N31, 398, 765, 886;
    House of Representatives- N49, 052, 743, 983;
    National Assembly Service Commission- N2, 415, 712, 873;
    Legislative Aides- N9, 602, 095, 928;
    Public Accounts Committee of Senate- N118, 970, 215;
    Public Accounts Committee of Reps- N142, 764, 258;
    General Services- N12, 584, 672, 079;
    N/A Legislative Institute- N4, 373, 813, 596;
    Service Wide Vote- N391, 396, 169.
    Details later…