Senate Extends Implementation Of 2021 Budget

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The Senate has extended the implementation of the 2021 Appropriation Act from March 31 to May 31, 2022. The Upper Chamber gave approval for the budget extension after examining a bill to Amend the 2021 Appropriation Act. Presenting the bill during Tuesday’s plenary session, Senate Leader Yahaya Abdullahi, said the extension of the budget … Continue reading Senate Extends Implementation Of 2021 Budget

has extended the implementation of the 2021 Appropriation Act from March 31 to May 31, 2022.

“As you are aware, the 2021 virement of the aggregate sum of N276 billion was approved for several MDAs by the National Assembly in December 2021 along with 100 per cent release of the 2021 Capital Budget of the MDAs,” he said. “This is to avoid compounding the problem of abandoned projects given that some of the projects were not provided for in the 2022 budget hence the need to extend the implementation year form March 31 to May 31.”Meanwhile a bill for an Act to establish the National Industrial Technology Park as a mechanism for clustering of knowledge and innovation-based industrial parks formations in Nigeria scaled the second reading in the Senate on Tuesday.

”One example of this Industrial Park is the Silicon Valley in California, USA,” he said. “California is richer than the richest states combined because of the industrial activities of the Silicon Valley. “I urge my colleagues to support this bill to bring full-scale industrialisation to this country,” he submitted.

 

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When it deals with things about sharing money, you all will be so in but when it deals with things that will affect the country positively, u all will go on what I don't know. Our national assembly leaders, una Weldon

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