Advertise Here

NASS approves N575bn supplementary budget

The chambers of the National Assembly, the Senate and the House of Representatives, yesterday, passed a  total sum of N574,532,726,857 as supplementary budget for President Muhammadu Buhari for additional Recurrent (Non- Debt) Expenditure for the year ending on December 31, 2015 to be withdrawn from the Consolidated Revenue Fund of the Federation.

With N109 billion approved by the Senate for fuel subsidy, the total would now amount to N522,258,934,505 as the President, in the letter to the Senate, had requested for N413 billion for fuel subsidy.

Also N5,000,000,000 was approved as Victims Support Funds in the Capital Supplementation which would be re-classified to the Service Wide Vote of N559,217,800,017.

The Senate also approved the sum of N29,958,865,512 to fight the Boko Haram insurgency in the North East and payment of outstanding claims in order to reduce the suffering of Nigerians under the heading, Operation Zaman LafiyaThe Nigerian Army will get N17,468,992,640; Nigerian Airforce, N8,141,434,760; Nigerian Army outstanding balance from 2015 and second quarter, N4,348,438,112.

The approval of the Senate was sequel to the report of the Senator Danjuma Goje-led Committee on Appropriations on the 2015 Supplementary Appropriation Bill.

Earlier, the senators broke into an executive session for one hour as part of moves to discuss the appropriation bill and give the President a soft landing by passing the budget and as a follow up to last Thursday’s dinner the Senators were with the President where collaboration and synergy among the Executive and Legislature were emphasized.



Vanguard

Share on Google Plus

About DPA BLOG

I am Dat Edo Girl Call me sassy or Nasty|A heart breaker| A smooth talker| Humanitarian| freelance Writer| CopyWriter|A leader and a follower lol :)|Gist me the latest in town|
    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment

All content except noted photos and videos copyright © 2009-2015, Stachys Ross INC. All rights reserved. *Any images or videos not listed as mine are copyright to their respective owners and were used under creative common license or fair use standards. IF A PHOTO OR VIDEO IS YOUR MATERIAL AND YOU DO NOT WISH IT TO BE ON THE SITE, PLEASE EMAIL ME stachysross@gmail.com AND I WILL REMOVE IT IMMEDIATELY. | Powered by Blogger | Content created and maintained by ME.