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Reps Pass 2019 Budget

  Advertisement The 2019 appropriation bill has passed third reading and completed its journey in the house of Representatives. The house had on Tuesday considered … Continue reading Reps Pass 2019 Budget


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A file photo of lawmakers during plenary.

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The 2019 appropriation bill has passed third reading and completed its journey in the house of Representatives.

The house had on Tuesday considered and adopted the report of its committee on appropriation with slight amendments.

That same day, The Senate had passed the bill and adjourned for the week.
A clean copy of the bill will now be sent to the president for assent.

The N8.916 trillion budget is N86 billion higher than the proposal of N8.83 trillion presented by President Muhammadu Buhari to the National Assembly for the 2019 fiscal year.

The Senate passed the bill during Tuesday’s plenary after considering the report of the Senate Committee on Appropriations on the 2019 Appropriation Bill presented by Senator Danjuma Goje.

A breakdown of the budget estimate reveals that statutory transfer is N502.58 billion, N2.25 trillion is for debt servicing, recurrent expenditure gets N4.65 trillion, and N2.94 trillion is earmarked for capital expenditure.

Following the consideration of the report submitted by Senator Goje, the lawmakers resolved to approve the total sum of the Consolidated Revenue Fund.

They also adopted the recommendation of the Appropriations Committee which proposed that N10 billion be added to the service-wide votes to support the victims of crises in Zamfara State.