Buhari To Receive Passed Budget From House Of Reps

Buhari To Receive Passed Budget From House Of Reps

By Wires Editor | The Trent on May 23, 2018
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Muhammadu Buhari, Budget, Passage
President Muhammadu Buhari on Tuesday, November 7, 2017 presented a budget of N8.61 trillion for the 2018 fiscal year

The House of Representatives has said that a clean copy of the 2018 budget will be sent to President Muhammadu Buhari within one week from the date of passage.

The National Assembly passed the N9.12 trillion budget on Wednesday,  May 16, 2018, after the Appropriation Bill had spent more than six months at the legislature.

The final figure was raised by over N508 billion from the initial estimate of N8.612 trillion that the President laid before lawmakers on November 7, 2017. Chairman of House Committee on Media and Public Affairs, Abdulrazak Namdas, told Punch that by Wednesday this week the budget would have been sent to the President.

He explained that there was not much work left to be done on the budget other than for the Senate and House Conference Committees to meet and harmonise the differences in the document.

Namdas explained: “The areas of differences are just three, including the provision that the Executive should not spend any funds outside this budget without appropriation by the National Assembly.

“This was inserted to take care of extra-budgetary spending like fuel subsidy or what they call ‘under recovery.’ The Senate is not likely to oppose the provision. On all other areas like the total budget size of N9.12tn, we are on the same page. There is really nothing much to cause further delays.”

On his part, Deputy Chairman of House Committee on Appropriation, Chris Azubuogu, said the Senate and the House would meet in conference on Monday, May 21, 2018.

Azubuogu said: “After the conference, the harmonised report will be adopted on Tuesday by both chambers and that will be all.

“The rest of the work, which is to clean up the budget, will be done by the Office of the Clerk to the National Assembly, who will thereafter transmit the budget to Mr. President.”

Read more at Naij

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