The 2022 Appropriation Bill has passed the second reading in the House of Representatives.It thereafter adjourned plenary for three weeks to enable committees hold budget defence sessions with ministries, departments and agencies.He noted that the N410.15 to a Dollar is a further devaluation of the Naira. The lawmaker argued that the government should move to strengthen the Naira, not weaken it the more.
He added: “It has led to high rate of inflation, drastic reduction in the purchasing power of the citizens, increased cost of doing business, corruption and brain drain, particularly among our highly skilled professionals. Rather than this continued devaluation of our currency, I recommend that efforts should be geared towards strengthening of the Naira.”Nigerian National Petroleum Corporation .
Speaking on the budget, Babajide Obanikoro called for increment in the allocation to the development of the Mines and Steel sector. He also called for the review of the allocation to the education sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2022 budget: Lawan tasks Senate Committees to be critical, question MDAs proposalsSenate President, Dr. Ahmad Ibrahim Lawan has tasked Senate Committees to be critical and question any possible overpricing of items contained in
Source: DailyPostNGR - 🏆 11. / 59 Read more »
2022 Budget: Again, lawmakers withhold details of N134billion allocation despite calls for #OpenNASSLike last year, the National Assembly got the highest allocation ever despite calls for reduction in the cost of governance.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
El-Rufai presents N233 billion Kaduna 2022 budget proposal to state assemblyGovernor El-Rufai proposes in the budget a capital expenditure of N146 billion and recurrent spending of N87.6 billion.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
2022 C’wealth Games: Queen’s Baton Relay To Arrive Nigeria Oct 16As member nations prepare for the Commonwealth Games, the Queen's Baton Relay, an iconic event, has started with a special event at Buckingham Palace in
Source: LeadershipNGA - 🏆 4. / 77 Read more »
National Assembly Withholds Details Of N134billion Budget For 2022 Despite Calls For Transparency | Sahara ReportersThis is despite calls made by individuals and civic groups to the lawmakers for transparency in their annual budget. What!! The fuck !!! They have no power to do that, it's public information. Nigeria is a country where there is no accountability, that is why corruption will continue to linger
Source: SaharaReporters - 🏆 9. / 63 Read more »
2022 Budget: Again, lawmakers withhold details of N134billion allocation despite calls for #OpenNASS,Like last year, the National Assembly got the highest allocation ever despite calls for reduction in the cost of governance. welcometo the beautiful beach
Source: PremiumTimesng - 🏆 3. / 78 Read more »