Earlier, the House of Representatives Committee on Appropriations made the recommendation in its report on the 2020 Appropriation Bill which was passed on Thursday, December 5th.
This increment forms part of the increase in the size of the national budget, which has been raised from the proposed N10.330,416,607 to N10.594,362,364.On October 8, 2019, N125bn was proposed for the Parliament under statutory transfers, this formed part of the appropriation bill laid by President Muhammadu Buhari before a joint session of the National Assembly.
In passing the budget, the representatives insisted that the 2020 budget will run from 1st January to 31st December 2020, thereby returning the country to the January to December budget cycle. Also increased within the 2020 budget was the benchmark price of crude from 55$ to 57$. However, the exchange rate at N305 to 1$ was retained.
Senator Ibrahim Jibrin, the Senate chairman committee on appropriations explained that budget figures were increased to allow for interventions in critical areas of national security, road infrastructure, health, social needs, water as well as mines and steel development.
I think satanic should be questioned about the increase. Oooh I forgot he is no more the senator presdo. Just extend my greetings to his successor
My people my people. Una do well ooo.
We don't know what is the problem with this Saraki's NASS leadership. Don't worry when PMB/APC can choose their own NASS leadership, all these over bloated corrupt NASS budget will be a thing of the past. We're waiting
Carry go
Let's pass this video till it gets to everywhere in Africa cos we need unite as Africans. We are one !
They will still blame bukolasaraki for such a raise in NASS budget.
Rochas Okorocha is being disingenuous here, his ploy making out our political masters, power brokers, born to rule class, moreover forever presidency proprietors are illiterate nincompoops is mischievous ploy to deceive in favour of his personal political skin.
Padding to increasing same old tactics
Nigeria and taking right steps....
Same old pattern
Why is Saraki doing this ehn😀😂😂😂
3billion discrepancy
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