President Muhammadu Buhari will not sign the 2016 budget bill passed by the National Assembly last week unless lawmakers provide more details of the legislation, a government official said on Tuesday. The move spells further delay of the record $30 billion budget aimed at reviving Africa’s biggest economy, hit by a slump in oil prices. Buhari had presented the bill in December before withdrawing it due to an unrealistic oil price assumption and flaws in the draft. Continue reading
Ekiti State House of Assembly lawmakers have asked President Muhammadu Buhari to order the release of their colleagues in the custody of the Department of State Services (DSS) custody. The lawmakers stormed the National Assembly in Abuja today, March 10, demanding the immediate released of their members, who have been arrested since March 4.
The National Assembly yesterday raised concern about the implementation of the N500 billion special intervention fund, a cardinal programme of the Buhari administration. The lawmakers were categorical that though the plan by the Federal Government to spend N500 billion on vulnerable Nigerians is laudable, its implementation will pose problems. Chairman, Senate Committee on Appropriation, Senator Mohammed Danjuma Goje, who raised the issue suggested the suspension the plan in this year’s budget. Continue reading
The Joint Committees of the Senate and House of Representatives on Appropriations on Wednesday assured Nigerians that the N6.08tn for this year budget would be passed on March 17, 2016. The committees stated that the final report on the appropriation bill would be laid on the floor of both chambers of the National Assembly on March 16 for consideration and subsequent passage the following day. Both panels had earlier said that the February 25 date for the passage of the budget was no longer realistic due to errors and padding. Continue reading
Minister of National Planning and Budget, Senator Udo Udoma
The National Assembly has called on President Muhammadu Buhari to institute a high-powered probe panel to investigate the alleged padding of the 2016 budget by some top civil servants. The House of Representatives said top civil servants responsible for the padding should be prosecuted by the Economic and Financial Crimes Commission and the Independent Corrupt Practices and other Related Offences Commission. Continue reading
Senate President, Bukola Saraki, yesterday, responded informally to former President Olusegun Obasanjo’s letter to him last week, blaming all past leaders since 1999 for the woes the country is presently facing. Saraki said rather than blame an individual, all past leaders of the country since the return of democracy in 1999 were culpable of the present economic problems of the country. Continue reading
The Peoples Democratic Party (PDP) on Thursday asked the National Assembly to commence the impeachment of President Muhammadu Buhari for what it called ‘various constitutional breaches’ on an alleged submission of two versions of the 2006 budget. Continue reading
According to a report by Daily Trust, the 2016 budget proposal submitted to the National Assembly by President Buhari on December 22nd is missing. The disappearance of the budget document was announced by Senator Ali Ndume during a closed door session that lasted 90 minutes today January 12th. This comes amid rumors that the budget was withdrawn from the Legislature by the Presidency.
The Senators were supposed to commence the consideration.