Nigeria Senate increases 2018 budget estimate

Nigeria parliament raises 2018 budget to a record N9.1 trillion

President Muhammadu Buhari had in November 2017 presented to a joint session of the National Assembly a budget estimate of N8.612 trillion for the 2018 fiscal year.

The 2018 budget was presented on Tuesday at the Senate during plenary which is expected to be deliberated on by the Senators on Wednesday, May 16, 2018, hoping to be passed on Thursday, May 17, 2018.

The National Assembly has increased the 2018 budget from the initial N8.612 trillion to N9.120 trillion.

In the House of Representatives, the chairman of its Appropriation committee, Hon.

A member of the Senate Committee on Appropriations, Aliyu Sabi Abdullahi, had last week assured that both legislative chambers would pass harmonised budget this week.

The House proposed N2.86tn as contribution to the Development Fund for Capital Expenditure.

Laurel or Yanny? This audio clip is driving the internet insane
Some people saw a gold and white striped dress in a now viral photo, while others saw the colors blue and black. The two younger members of Select All heard "Yanny", while the older two heard "Laurel".

Cardi B Claps back at Azealia Banks for 'illiterate, untalented' remarks
Cardi responded to that diss by simply posting a video of Azealia dancing and singing along to her songs at the club. I never asked to be an example or a role model. "Like, if my spelling and grammar was that bad, I'd be cancelled".

Elon Musk revealed his old password, a tribute to his greatest helper
SpaceX's first " Block 5 " Falcon 9 rocket launches Bangabandhu Satellite-1 for the government of Bangladesh on May 11, 2018. By now, SpaceX landing one of its Falcon 9 rockets (or even landing two, for that matter) is barely worthy of a headline.

The post Finally, Senate receives 2018 budget after six months delay appeared first on BusinessDay: News you can trust.

Specifically, the Senate on February 14 this year, read the riot act to heads of the agencies who had not appeared then.

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

The Senate is yet to fix a date for the consideration of the budget.

Speaking during today's House sitting, Yusuf Lasun, Deputy Speaker of the House of Representatives, said the lawmakers are expected to pass the budget on Wednesday or Thursday.

Related News:



Most liked

World Health Organization leads push to universally ban trans fats
Partially hydrogenated oils were first introduced into the food supply in the early 20th century as a replacement for butter. Eliminating these fats is the "key to protecting health and saving lives", it said, in a statement .

Cardi B Responds to Backlash Over "Girls"
Calling out: Distraction hitmaker Kehlani also revealed her thoughts on the song, stating, 'there. were. harmful. lyrics. period'. Girls was written to represent a truth and is an accurate account of a very real and honest experience in my life.

SPOILERS** WWE Monday Night RAW 5.14.18 From London
Roman Reigns makes his way out to the ring. - Dolph Ziggler and Drew McIntyre defeated Finn Balor and Braun Strowman . The live crowd in London lapped it up when Kurt told Reigns he wouldn't get another shot at Money In The Bank glory.

Deadpool 2's most shocking post-credits scene was cut
It's fun , stupid, and will certainly have you laughing out loud on several occasions to jokes you'll feel bad for laughing at. Even returning characters from the last film - Negasonic Teenage Warhead , Weasel - are all firmly pushed to the sidelines.

US Hits Iran Central Bank Governor With Sanctions
The Treasury said Seif covertly moved "hundreds of millions of dollars" to " Hezbollah " from the IRGC via Al-Bilad Islamic Bank. Those funds were then used to "enrich and support the violent and radical agenda of "Hezbollah", Treasury said.

Group Of Kashmiris Allegedly Thrashed By Mob In Delhi
A video also went viral after the incident which shows some people, including women, arguing with the victims and assaulting them. The case was registered on the complaint filed by one of the female victims, whose identity was not disclosed by the police.

Tesla May Soon Announce A Gigafactory In Shanghai
Beijing has set an ambitious target, whereby new-energy vehicles will account for a fifth of total sales by 2025. Ltd., which is listed as the sole shareholder of the new Shanghai-flagged corporation.

Winklevosses' Gemini Exchange Gains NY Approval to Diversify Services
While litecoin and bitcoin cash already have substantial followings, Zcash is more of an up-and-coming digital currency. At that time, trading goes live with the following trading pairs on Gemini: ZEC/USD, ZEC/ BTC , and ZEC/ETH.

Conservatives to progress Withdrawal Bill despite lack of support
Tory MSP Adam Tomkins said: "The Scottish Conservatives will vote to give our consent to the amended Withdrawal Bill today". Scottish independence will never be off the table until it happens, Scottish First Minister Nicola Sturgeon said on Monday.

Wenger regrets not signing ex-Man United star for Arsenal
Arsene Wenger however believes there is a bright future for Arsenal and the new manager starting from their campaign next season. The Gunners finished sixth in the final Premier League standings which was the worst in the tenure of the Frenchman.

BT Sport to show Champions League final free online
In the 2008 Champions League final, Chelsea wore their 2008/09 home shirt as they lost to Manchester United in Moscow. However, a surprise 5-4 defeat in their penultimate fixture against Levante saw them blow their 43-game unbeaten run.

Look for Ramadan moon Wednesday - Sultan
It is expected that the Holy Month of Ramadan will begin on Thursday 17 May, 2018, but it's yet to be officially confirmed. The Sultan also urged them to pray for the nation and maximise the benefits and blessings of the holy month.

Eagles under pressure over 'flawless' World Cup preparation
Mikel, Musa, Moses, Onazi and Omeruo were at the 2014 World Cup while Echiejile played at the 2010 edition in South Africa. Francis Uzoho, Ikechukwu Ezenwa, Dele Ajiboye and Daniel Akpeyi are battling for the team's goal keeping spot.

Witten: Packers likely landing spot for Bryant
Witten will be ESPN's Monday Night Football analyst this season and talked about his new role. Playing with a future hall of famer in Aaron Rodgers can turn any WR's career around.

Settlement reached in Giants, Manning fraud case
Jury selection was to have begun this week, but a death in the family of one of the attorneys had pushed that back to next Monday. Still, the veteran quarterback has denied wrongdoing in this case while claiming Inselberg had trafficked in fake memorabilia.