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Senate approves NCC’s N549.6bn 2024 budget

According to the 2023 budget performance report the revenue of N448.1 billion against a projected budget of N559.080 billion, with total recurrent expenditure at N67.072 billion and capital expenditure at N3.6 billion. The Senate has approved the sum of N549.6 billion for the Nigerian Communications Commission (NCC) budget for 2024. This was announced by a joint Senate and House of Representatives Committee on Communications chaired by Senator Ikra Bilbis (PDP, Zamfara Central). Following a motion...

Senate extends implementation of 2023 budget till June 

President Tinubu had in a letter to the Senate claimed that the extension was necessary to ensure that the provisions of the two Acts were fully implemented.  The Senate has extended the implementation of the capital component of the 2023 budget as well as the N2.17 trillion 2023 supplementary budget until June. Extension of the implementation of the two appropriations was a sequel to a request from President Bola Tinubu which the Senate President, Godswill...

Senate increases and passes N1.28trn FCT statutory budget

Senator Bomai noted that the FCT had proposed N1.15 trillion for the 2024 fiscal year, however, after deliberations from the committee, it recommended N1.28 trillion. The Senate has passed a sum of N1.28 trillion for the Federal Capital Territory, FCT 2024 Statutory Budget. The budget was approved following the presentation of the harmonised report of the joint Senate and House of Representatives Committees on FCT, by Senator Ibrahim Bomai (APC, Yobe South) during Tuesday’s plenary....

Of the N1.147 trillion budget indicated, N140 billion was earmarked for personnel cost, while N280 billion was earmarked for overhead as well as N726 billion for capital projects. The Senate has passed for a second reading a sum of N1.1tn Federal Capital Territory 2024 Appropriation Bill. The bill titled, “2024 Federal Capital Territory (FCT), Appropriations Bill 2024, (SB 397),” was sponsored by Senator Opeyemi Bamidele (APC, Ekiti Central) during Thursday’s plenary. Out of the N1.147...

“Some older senators got N500 million each” – Senator Jarigbe

Amidst claims of N3trn budget padding, the Senate was thrown into a rowdy session after Jarigbe’s claim that some ranking Senators got N500m each The Senate was thrown into a rowdy session over an allegation that the 2024 budget was padded by N3.7 trillion. The debate was sequel to a motion moved by Senator Solomon Olamilekan (APC, Ogun West), who said his privilege as a senator was breached based on the fact that he chairs...

Budget Padding: “I am not afraid of suspension” – Senator Ningi defies Senate

Senator Ningi revealed that the interview he had with the BBC was personal and not for the Northern Senators Forum. Senators have begun to go against each other following allegations of a N3 trillion padding to the 2024 budget. Trouble began when Senator Abdul Ningi (PDP, Bauchi Central) made claims that the 2024 budget was padded with the sum of N3trn. Following these allegations, several Senators came out to deny these claims. READ ALSO: Budget...

Senate inaugurates committee to probe Buhari’s N30 Trillion Ways and Means

The Senate has inaugurated an ad hoc committee to conduct a thorough investigation into the 30trn Ways and Means, in response to mounting concerns over the purported spending by the previous administration.  The Ad hoc Committee chaired by Senator Isah Jibrin, (APC, Kogi East) and vice-chaired by Senator Sahabi Ya’u (PDP, Zamfara North) has been tasked with unravelling the mysteries surrounding the alleged spending. The committee is also expected to ensure accountability in the use...

Northern senators uncover padded 3trn in Tinubu’s 2024 budget

The Northern Senators forum chaired by Senator Ningi said the unexplained increase in the 2024 budget was unacceptable and questionable.  The Northern Senators Forum has alleged that its consultants have uncovered N3trillion unexplained increase in the N28 trillion 2024 budget previously signed by President Bola Tinubu.  The inexplicable increase, which was biassed against Nigeria in general and the North in particular, was deemed unacceptable by the forum.  This was stated by the forum’s chairman, Senator...

Bill to establish NASS budget office scales second reading in Senate

The budget office will ensure to scrutinise budget estimates of the executive and monitor the implementation of annual budget estimates. The Senate has passed for a second reading a Bill seeking to establish the National Assembly Budget and Research Office (NABRO). The bill titled, “A Bill for an Act to establish the National Assembly Budget and Research Office which provides the National Assembly with objective, timely and non-partisan analysis needed for economic and budget decisions...

Northern Senators kick against relocation of Federal agencies to Lagos

Kawu said the Northern Senators are ready to discuss with the executive over the relocations and to correct the imbalance in the 2024 budget. Fifty-eight senators from the Northern part of the country have spoken against the relocation of federal agencies to Lagos. The Senators also alleged that projections and provisions of the N28.7 trillion 2024 budget, are biased against the North. This was disclosed in a statement signed by the Northern Senators’ spokesperson Senator...

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