HighlightTrending Story

At last, House of Reps passes Buhari’s last budget for 2023, raising it from N20.51 trn to N21.82trn

248

After back and forth on delayed passage of the 2023 budget, the House of Representatives on Wednesday passed the appropriation bill, increasing the budget from N20.51 trillion to N21.82 trillion.

About N1.31 trillion has been injected into the budget by the lawmakers including their Constituency projects.

Persecondnews recalls that President Muhammadu Buhari had in October presented N21.82 trillion budget estimates to the National Assembly.

Last week, Senate President Ahmad Lawan, had blamed the Executive arm of government for the delay in passing the budget last week as scheduled due to irreconcilable figures detected by Appropriations committees of both chambers of the National Assembly.

Lawan said as a result of the long cleaning process the draft budget proposal underwent, Committees on Appropriations from both Chambers, couldn’t meet up with the submission of the report for consideration and passage.

He blamed the executive arm of government for submitting the budget proposal very late and when it was laid, it came with errors.

He also said that the process of cleaning the errors contained in the Appropriations bill was concluded on December 22, adding that the two chambers have to harmonize the copy to be able to present the report for passage by both chambers on Wednesday 28th, 2022.

Presenting the report of the Committee on Appropriations, the Chairman, Rep. Muktar Betara lauded the chairmen and members of the various committees.

He also lauded their efforts for keeping to the January to December budget calendar initiated by the current 9th National Assembly.

A breakdown shows that out of the total sum, N967.48 billion is for statutory transfers, N6.55 trillion is for debt service, while N8.32 trillion is for recurrent (non-debt) expenditure.

The sum of N5.97 trillion is also for contribution to the development fund for capital expenditure for the year ending.

Leave a comment

Related Articles

NNPC Ltd. hosts NSC boss, pledges support for revitalization of Nigerian football

In a significant move to boost Nigerian football, the Nigerian National Petroleum...

Nigerian youths essential to repositioning Africa, says VP Shettima

Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth...

Just in: Simon Ekpa ‘ll be extradited to Nigeria to face charges – Defence Headquarters

The Nigerian Defence Headquarters, Abuja, has announced plans to extradite Simon Ekpa,...

NPA’s CEO Dantsoho Makes History as First Nigerian Chairman of PMAWCA

In a groundbreaking achievement, Dr. Abubakar Dantsoho, Managing Director of the Nigerian...

Save for rainy day, Federal Accountant General urges state govts, emphasizes transparency, accountability

In a bid to ensure financial stability during adverse situations and economic...

Sacked UNIZIK VC Odoh to Tinubu: You can’t fire me through press release

Sacked Vice-Chancellor of Nnamdi Azikiwe University (UNIZIK), in Awka, Anambra State, Prof....

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

Olopade assumes office as NSC DG, promises new lease of life for Nigerian sports

Bukola Olopade had assumed office as the Director General of the resuscitated...

Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms

International Monetary Fund (IMF) President Kristalina Georgieva and her team met with...

Nigeria’s Super Falcons Ajibade, Nnadozie, Nominated for 2024 CAF Women’s Player of the Year

The Confederation of African Football (CAF) has announced the nominees for the...

Just in: FG announces reshuffle of governing councils at FUOYE, Kogi varsity

The Federal Government has made changes to the governing councils of Federal...

Exclusive: Eguavoen Opens Up on Declining NFF Contract Extension, Reveals Reasons

Super Eagles Coach, Austin Eguavoen, has revealed why he declined the Nigeria...

Boost for Nigeria’s Oil Production As NNPC’s Utapate Crude Grade Hits Global Oil Market

In a major boost for Nigeria’s crude oil production, revenue generation, and...

Just in: FG sacks varsity Pro-Chancellor for misconduct

The Minister of Education, Dr. Tunji Alausa, has announced the removal of...

Just in: INEC presents Certificates of Return to Ondo Gov. Aiyedatiwa, deputy

The Independent National Electoral Commission (INEC) has presented Certificates of Return to...

Breaking: Senate sacks Danladi Umar, Code of Conduct Tribunal chairman  

Following proven allegations of gross misconduct and unacceptable behaviour, the Senate on...

Just in: South Africa takes over G20 Presidency from Brazil, first African nation to lead the bloc

South Africa has taken over the presidency of the G20 from Brazil,...

Tinubu submits 3 INEC REC, federal commissioner-nominees for Senate’s approval

President Bola Tinubu has sent the name of Ondo Resident Electoral Commissioner,...

Just in: After a night in custody, DSS in Ogun releases Ladi Adebutu

Mr. Ladi Adebutu, the 2023 People’s Democratic Party (PDP) governorship candidate in...