The Senate also approved other parameters such as statutory transfers totaling N613.4 billion, debt service estimate of N3.12 trillion; sinking fund to the tune of N292 billion; pension, gratuities and retirees benefits of N567 billion.
The Senate also demanded a continuous review of the Fiscal Responsibility Act to ensure that all revenues are remitted to the Consolidated Revenue Fund as and when due in order to curtail frivolous deductions and diversion of funds by MDAs. In addition, the upper chamber recommended that the proposed budget of Government Owned Enterprises be reviewed upward to show the reflection of their capabilities to generate more revenue as a result of the findings of the Joint Committee.
The Senate listed such agencies to include the National Agency for Food and Drug Administration and Control and Nigerian College of Aviation Technology, Zaria.Meanwhile, president of the Senate, Ahmad Lawan, has forwarded President Muhammadu Buhari’s nominees for the board of the Economic and Financial Crimes Commission to the committee on Anti-Corruption and Financial Crimes for screening.
The president in another letter to the upper chamber also sought the confirmation of the board of the Upstream Regulatory Commission.
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