Skip to main content

Reps approve Buhari’s N465.54bn supplementary budget

The House of Representatives has approved the 2015 supplementary budget of N465.64 billion as requested by President Muhammadu Buhari.

Buhari had in a letter on Wednesday separately sent to the Speaker, House of Representatives, Yakubu Dogara, and Senate President, Bukola Saraki, request for the amendment to the 2015 fiscal framework which included: reduction in the oil production volume from 2.2782mbpd to 2.2003mbpd; crude oil price from $53 per barrel to $48 per barrel but retained $190 exchange rate.
From the recurrent expenditure, N10,618,837,435 is for payment of outstanding payment of severance gratuity and allowances of outgone and incoming legislators and legislative aides; N3,196,089,405 is for salaries of Nigerian Army including N1,987,056,478 for 72 recruitments, N768,637,124 for 62 regular combatant and N440,395,803 for 22 direct short service.
Presenting the bill for deliberation before theHouse, leader of the House Leader, Rep Femi Gbajabiamila (APC Lagos), said in line with constitution the Federal Government it is in order that a supplementary budget has been brought before the House.
“The calculations went wrong and there is a short fall in the non oil sector, there is the need to approve funds for subsidies as a responsive and responsible legislature, “he said.
According to him, the approval of this supplementary budget will further enhance the fight against the insurgency.
He argued that the reasons why the supplementary budget is necessary was because it will fund the “Operation Lafiya Dole”, provisions of prison rations and feeding of unity schools, provision of the balance of severance, gratuity and allowances of out gone and incoming legislators, aides and emergency provision for subsidy claims.
Contributing to the debate, Rep Tahir Monguno (APC Borno), said that the supplementary budget if passed, will help fund the military in curbing the growing spate of the insurgency. He said by this, the government would be adequately taking care of its responsibilities.
On his part, Rep Zakari Mohammad (APC Kwara), said it is necessary for the House to pass the bill because of the economic hardship which is telling on the general populace especially the fuel scarcity as a result of nonpayment of petroleum subsidy to the marketers and this will be a way to cushion this hardship.
The debate took another turn when Rep Nkeiruka Onyejeocha (PDP Anambra), in her submission queried the implementation of the 2015 and what has been done so far with it.
She argued that there was no need for a supplementary budget because 31st December is far approaching emphasising that the 2015 budget as approved has not been exhausted.
Minority leader, Rep Leo Ogor (PDP Delta), towing the line of Onyejeocha was barely allowed to speak and was accused by Gbajabiamila for misleading the House on the matter.
Intervening in the situation the Speaker, Hon. Yakubu Dogara said that the matter was not supposes to divide the House along party lines but instead unite the House to pursue a common good for the ordinary man.
Dogara said if passing the budget will not affect the common man positively then there was no need.
After putting it to a voice vote, the Speaker in his ruling referred the bill to the committee on appropriations.

Comments

Popular Posts

Man Utd announce revenue rise

English soccer club Manchester United posted a 39 percent rise in first-quarter revenue due to its participation in the lucrative Champions League tournament this season and sponsorship deals signed during the quarter. United, currently fourth in the English Premier League, failed to qualify for last season’s Champions League, Europe’s top club competition, after finishing seventh in the EPL in 2013/14. The club, owned by the American Glazer family, said total revenue rose to 123.6 million pounds ($187.60 million) in the three months to September 30, from 88.7 million pounds a year earlier. The company’s adjusted core earnings almost doubled to 41.6 million pounds.

Lyrics: Vector – King Kong (Remix) ft. Phyno, Reminisce, Classiq & Uzi

[Intro] Ara ra ra ra…ororororo Ara ra ra ra …ororororo Why you dey looking at me? [Phyno – Verse 1] King of my city kam bu king kong Lekwa umu lolo m sie m you go live long Men bu aka n’abu and o kwa machine gun Anyi mafuta aka n’elu ka o bu stick cut Enwe m ya right? My nigga hear me right? Its obvious my flows to sweet You cant help but to buy it And enwe lu m word from my niggas biko muru anya overnite Mana icho idi ocha, diri ocha mana eyi le china white Apasa go m,na ele all men ka nwada Agba go m mgburogwu mana ufodu chie na m kaghi aka Onu dizi mmanu mmanu before aka di aja aja But nevertheless, my niggahs are willing, anyi ncha aga go far Akwu m na mgbago,akwu m ka their pillar Real recognize real, my nigga you don’t look familiar Mess how you can but nwanne you don’t mess with my milla Maka anyi na ekpo na aza chazie ka anyi bu catapillar [Hook & Chorus] Oshamo Emi l’oba se Believe the kingdom Shooting non-stop omo see machine gun Vector at your d...

Actress, Laide Bakare Cruise New York Streets In New G-Wagon 2015 Model (PHOTOS)

Nollywood actress Laide Bakare who is currently on vacation took to the streets of New York yesterday, cruising the streets in Her New G-Wagon 2015 model. The actress who is set to return to Nigeria after a long break from the bustles of the movie industry. She took her time window shopping and getting goodies for are loved ones back in Nigeria. See photos below.