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Tuesday, January 21, 2020

Buhari, NASS may be on collision course as lawmakers raise 2020 budget to N10.6tn

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President Muhammadu Buhari and the House of Representatives may be on a collision course, as the lawmakers have upped the 2020 budget from N10.33 trillion to about N10.6 trillion.

 

This alteration and budget raise is contained in a report by the House Committee on Finance, scheduled to be presented at plenary later on Wednesday.

 

The committee had recommended a total budget of N10,594,362, 364, 830.

 

Persecond news recalls that Buhari had on October 8, 2019, presented the Appropriation Bill to the joint session of the Senate and the House of Representatives.

 

The leadership of the National Assembly had promised to break the jinx of delayed budget passage, and pass the bill before they go on Christmas break, and return Nigeria to the January-December financial year.

 

Budget padding and increment has characterized budget passage by the legislature since the country returned to democracy in 1999.

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