NASS Increases 2018 Budget To N9.1tr

Nigerian Senate

The details of the budget were listed on the order paper available at the senate on Tuesday.

In a telephone chat with LEADERSHIP yesterday, the Chairman, Senate Committee on Media and Public Affairs, Senator Aliyu Sabi Abdullahi disclosed that the senate's target is to have the budget laid at the plenary this week.

The much awaited report of the 2018 appropriation bill, has been received by the National Assembly today.

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The new figure has a difference of about N508bn, up from the N8.612tn presented by President Muhammadu Buhari on November 7, 2017.

At the Senate, the report was submitted by Danjuma Goje, chairman Senate committee on appropriations.

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.

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It also added that the sum of N199 billion is for sinking fund for maturing loans; N3,516,477,902,077 is for recurrent (non debt) expenditure while N2,869,600,351,825 is for development fund capital expenditure.

Therefore, the Senate on February 14, 2018, gave the MDAs one-week ultimatum to submit details of their 2018 budget proposals or risk sanctions.

Senate President, Bukola Saraki, and Speaker, Yakubu Dogara, had met with the President at the Presidential Villa to, among others, deliberate on the thorny aspects of the budget.

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Lasun advised members to pick copies of the budget from the appropriation committee as the House was likely to pass the budget on Wednesday.

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