The Ministry of Budget and National Planning has officially kicked off the preparation of the 2018 budget proposals in order to meet up with the October target of submitting the…
Acting President Yemi Osinbajo has signed into law the 2017 budget proposal passed by the National Assembly on May 11, five months after the document was presented before the lawmakers by…
While the Federal Ministry of Education will spend N205.8 million to purchase three exotic Toyota LC V8 2016 model at the rate of N68.6 million each, it will spend just N7.2 million for all the activities to improve early childhood education of about 30 million children who are five years old and below.
The document was delivered to Osinbajo on Friday by the special adviser to the President on National Assembly matters – Senate, Ita Enang, behind closed doors.
Acting President Yemi Osinbajo has said that he would assent to the 2017 budget proposal which was recently passed by the National Assembly, once he is satisfied with the contents as passed by the legislators.
The Senate has given Acting President Yemi Osinbajo two weeks to submit the budgets of 31 government agencies, including the Nigerian National Petroleum Corporation, NNPC, the Nigerian Ports Authority, NPA and the Federal Inland Revenue Service, FIRS, to the National Assembly in line with the provisions of the Nigerian Constitution and the Fiscal Responsibility Act.
The 2017 budget of the National Assembly includes an eye-popping N2.7 billion for the purchase of “utility vehicles” for the Senate alone.
The 2017 budget proposal, termed “Budget of Recovery and Growth”, was first presented before a joint committee of the National Assembly by President Muhammadu Buhari on December 14, 2016.
The report was presented on Tuesday by the chairman of the appropriations committee, Danjuma Goje, almost five months after President Muhammadu Buhari presented the budget proposal to a joint session of the National Assembly in December 2016.
Senate majority Ahmed Lawan, however, pointed out that the police raid on the residence of the chairman of the Senate committee on appropriation, Danjuma Goje, had slowed down the progress made on the budget.