NASS inflates 2018 budget from 8.6trn to N9.120trn

NASS inflates 2018 budget from 8.6trn to N9.120trn

The new figure has a difference of about N508bn, up from the N8.612tn presented by President Muhammadu Buhari on November 7, 2017.

The report of the Committee on Appropriations of the Senate was laid by the Chairman, Senator Danjuma Goje, APC, Gombe Central.

The total value of the 2018 budget has been increased by the National Assembly to N9.120 trillion from N8.612 trillion, Business Post has learned.

A breakdown of the budget indicates that N530.4 billion is for statutory transfer, N2.20 trillion for debt service and N199 billion for sinking fund for maturing loans.

Also, the budget has just been laid before the House of Representatives by the Appropriations Committee.


The delay had prompted President Muhammadu Buhari to issue a deadline to heads of all MDAs to defend their budgets unfailingly.

The Upper Chamber gave the ultimatum after Senate Leader, Ahmed Lawan, raised a point of order informing the Senate that out of 64 government agencies, only one has submitted details of its 2018 budget proposal.

"If after the one-week and they don't, then we will take necessary actions to show that they need to comply with the law". "And we are going to consider it the same day", the lawmaker who doubles as Senate spokesperson, said while addressing journalists last week.

Speaking during today's House sitting, Yusuf Lasun, Deputy Speaker of the House of Representatives, said the lawmakers are expected to pass the budget on Wednesday or Thursday.

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