National Assembly Receives 2018 Budget Report

Wednesday, 16 May, 2018

NAIJ.com gathered that the presentation of the report was seconded by the chairman, Senate committee on public accounts, Senator Matthew Urhoghide representing Edo south.

Chairman of the Senate committee on appropriation, Danjuma Goje, presented the budget to the upper legislative chamber at plenary on Tuesday, May 15, 2018.

The National Assembly has been presented with the 2018 budget by the Committee on Appropriations to debate on.

DAILY POST reported that the House of Representatives jacked up the 2018 budget from the N8.612 trillion figure presented by President Muhammadu Buhari last November to N9,120,334,988,225.

But details of the 2018 appropriation bill submitted today for consideration showed that the amount has been raised to N9.12 trillion.

It would be recalled that President Buhari had submitted the proposal to a joint session of the National Assembly on November 7, 2017, with a call on the legislature to quickly pass the budget and return to January to December budget cycle.

Also, capital expenditure was up from N2.42 trillion to N2.86 trillion, while debt service was also increased to N2.20 trillion from N2.01 trillion.

"Definitely, we can mandate the Ministry of Finance to ensure that they do not further order releases because they are breaking the law".

This is just as the speaker of the House of Representatives, Yakubu Dogara said the 2018 budget was going to be passed by both Houses on April 19 which is close to a month now.