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Buhari Sends Supplementary Budget To NASS

  Advertisement   President Muhammadu Buhari has sent a supplementary budget to the National Assembly for consideration. The President had in June disclosed that he was … Continue reading Buhari Sends Supplementary Budget To NASS


Muhammadu Buhari (File)

 

 

President Muhammadu Buhari has sent a supplementary budget to the National Assembly for consideration.

The President had in June disclosed that he was going to send a supplementary budget after raising concerns about some of the changes made by lawmakers in the 2018 budget.

He said that the supplementary/ amendment budget will solve some critical issues which he hopes “the National Assembly will be able to expeditiously consider.”

READ ALSO: Buhari To Send Supplementary Budget To National Assembly

Some of the issues raised by the President include the reduction of allocation for the provision of security infrastructure in the 104 Unity Schools across the country by N3billion at a time when securing the students against acts of terrorism ought to be a major concern for the government.

According to the President, he signed the bill into law in order not to further slow down the pace of Nigeria’s economic recovery.

On June 20, 2018, President Buhari, signed the 2018 budget but criticised the National Assembly for reducing allocations for some projects and including thousands of projects into the budget without consultation with the Executive.

He said, “The National Assembly made cuts amounting to 347 billion Naira in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to 578 billion Naira.

“Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation”.