National Assembly continues debate on 2016 budget today



The debate session took place on Wednesday at both the upper and lower chambers of the National Assembly in Abuja, is said to continue today Thursday, January 21.

Yesterday the lawmakers in the Senate had divided opinions on the financial plan, as some opposition lawmakers in the Peoples Democratic Party (PDP) asked questions on the financial capacity of the government to fund the budget considering the fall in oil prices and the deficit in the budget with an initial oil price benchmark of $38 per barrel.

However, some legislators from the ruling All Progressives Congress hailed the budget while describing it as a ‘budget of the people’.

The budget debate in the House of Representatives was approached with less passion, as it was commenced by the House’s majority leader.

The debate which came after weeks of back and forth over the status and whereabouts of the budget presented by President Muhammadu Buhari continues.

The total budgetary allocation for 2016 is 6.8 trillion Naira, an increase of one trillion Naira from the revised allocation of 5.9 trillion Naira for 2015.

In the breakdown, 2.648 trillion Naira was for recurrent expenditure while 1.85 trillion Naira was for capital expenditure and 1.475 trillion Naira for debt service.

Comments

Post a Comment

Popular posts from this blog

Gunshots fired close to YouTube Headquarters in California

Image
Gunshots fire have been reported close to YouTube Headquarters in San Bruno, Northern California, United States. Bay Area news outlet, KRON4 confirmed that the city manager’s office “received multiple 9-1-1 calls from YouTube” early hour Tuesday (American time). Police said they were handling “active shooter” at 901 Cherry Ave—YouTube main office address—and warned people to “stay out of the area.” A spokesperson for Zuckerberg San Francisco General Hospital told NBC Bay Area that they have “received patients from YouTube incident.” Also, a product manager for the American video-sharing website, Todd Sherman tweeted: “We were sitting in a meeting and then we heard people running because it was rumbling the floor. First thought was earthquake.” Upon evacuating the building, Sherman described seeing “blood drips on the floor and stairs.” In a statement, YouTube’s main company Google said: “We are coordinating with authorities and will provide official information here from Goo...
Read more

BBNaija: 'Pepper dem' Mercy wants to be a pastor

Image
Mercy Eke, Big Brother Naija 2019 (season 4) reality TV star, has declared that someday she would become a pastor after giving her life to Christ. She stated this during a mutual interaction with her best friend in the house, Diane. Mercy, who is seen as one of the strongest contenders for this year’s #bbnaija show, is among the housemate not put up for eviction this week. The 26-year-old also escaped a strike and an eviction after smashing #bigbrother’s phone during last Saturday’s night party. Her video vixen also said that she really does not care about what people say about her style of dressing. Mercy added that things of this world have overshadowed her spiritual life, and while growing up, she dream things that had come to pass. According to her, “When I dress, I dress for different occasions. I dress to slay, I’m a fashion person; not just the small things you see here. I have official wears, dresses for church, and social outings. I don’t care about what anyon...
Read more

Army arrests female suicide bomber

Image
Press statement from the Nigerian Army At about 8.00am two suspected female suicide bombers exploded themselves at Madagali Market in Adamawa State in which 17 people were killed and 44 others injured. Similarly, the General Officer Commanding (GOC) 7 Division, Major General Lamidi Adeosun, has shed more light on the suicide bombings in Maiduguri, Borno State where by 26 people were killed while 85 others were injured on Monday morning at a news briefing. It should be recalled that 14 female suicide bombers attempted to attack Maiduguri, Borno state capital on Sunday but were repelled by gallant troops. He revealed that tenage female suicide bombers tried to force themselves into Maiduguri with the intent carrying out massive and coordinated suicide attacks using 4 different routes into the city; Asuwari, Mulai Kura, Baderi village Nine Damboa Road and Jameri village. They were however obstructed by the troops. Unfortunately, three of them detonated their Improvised Explosive ...
Read more