BUHARI TO CONSULT LAWAN, GBAJABIAMILA OVER 2019 BUDGET, PRESIDENCY REVEALS

John Ameh, Abuja The 2018 budget has lapsed, putting pressure on the Federal Government to begin the implementation of the 2019 budget, The PUNCH learnt on Sunday. Recall that President Muhammadu Buhari had put a question mark on the N8.92tn budget when he appended his signature to the 2019 Appropriation Bill on May 27, saying the budget would be difficult to implement. He had added that he would engage the 9th Assembly on how best to address the challenges in the budget for a smooth implementation. The Senate and the House of…

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SENATE PRESIDENT DECREES: HENCEFORTH, WE SHALL PASS BUDGET WITHIN 3 MONTHS

Omololu Ogunmade in Abuja    Henceforth, the National Assembly will pass the annual Appropriation Bill within three months, Senate President Ahmad Lawan pledged yesterday in Abuja. Lawan who gave the assurance while answering questions from journalists in the State House, said that the unanimous decision was a joint agreement between the Senate and the House of Representatives. However, he was swift to add that fulfilling this promise would be premised on the preparedness of the executive to live up to its responsibility by presenting the budget early enough. According to Lawan, if…

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FG SET TO BORROW TO FINANCE 2019 BUDGET

Buhari signing the 2019 Budget of N8.92 trillion, into Law recently… Photo/Twiter/AsoRock • As Economic Team Targets 65% Revenue Collection • Country Fritters N4.6T On Import Waivers In Two Years • Needs A Fiscal Policy Czar- Development — Expert • Govt Should Quickly Review PSC Agreement — Censoj  As Nigeria’s revenue generation headache persists, attendant implication could include accumulating more debt in order to meet basic commitments like salary payment and debt servicing, which have already overtaken critical infrastructural development in the 2019 fiscal spending plan. Signed into law last week by…

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BLAME YOURSELF FOR DELAY IN BUDGET PASSAGE- DOGARA TELLS BUHARI

The Speaker of the House of Representatives, Yakubu Dogara, on Tuesday has said President Muhammadu Buhari should be blamed and not the leadership of the National Assembly for the delay in the passage of the 2019 budgets. Buhari, who had on Monday signed the 2019 budget into law, had later at night passed a vote of no confidence on Dogara and the Senate President, Bukola Saraki. Buhari had blamed the delay in signing 2019 budget on the leadership of the National Assembly. However, Dogara said since President Buhari assumed office, he,…

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WE’VE RELEASED 4.3TRILLION FOR CAPITAL PROJECTS IN 3 YEARS- UDO UDOMA

Ifeanyi Onuba, Abuja The Federal Government has released over N4.33tn in the last three years to Ministries Departments and Agencies of government for the implementation of capital projects The Minister of Budget and National Planning, Udo Udoma gave the figure during a press briefing on the activities of the ministry and its parastatals under his leadership. Giving a breakdown of the amount, the minister explained that the Federal Government through the ministry of finance was able to release N1.2tn under the 2016 budget for capital spending. For the 2017 fiscal…

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BUDGET 2019: BUHARI STILL CONSULTING BEFORE HE SIGNS- PRESIDENCY

John Ameh, Abuja The Presidency says   President Muhammadu Buhari  is  still consulting on the N8.92tn 2019 budget and studying the provisions therein. It also  said  Buhari, having received the 2019 Appropriation Bill from the National Assembly, was  within the number of days allowed by the 1999 Constitution to make a decision on whether to sign it or withhold his assent. The expectation was that the President would sign it almost immediately, considering that the budget had long been delayed. Findings by The PUNCH  indicated that the 2018 budget, still being implemented by…

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10 DAYS AFTER PASSING BUDGET, NASS SENDS IT TO BUHARI FOR ASSENT

Leke Baiyewu The National Assembly has transmitted the 2019 Appropriation Bill to President Muhammadu Buhari for assent, SUNDAY PUNCH learnt on Saturday. Both the Senate and House of Representatives passed the national budget on April 30, 2019. When contacted on the telephone on Saturday, the Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Mr Umar el-Yakub, said the budget had been transmitted. “Yes, it has (been transmitted) on Thursday evening. But you know that they (executive) will have to analyse it before it is assented to,” he…

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DISQUIET AS LAGOS ASSEMBLY REFUSES TO TRANSMIT BUDGET TO AMBODE FOR SIGNING

Kazeem Ugbodaga Ambode and Obasa There is disquiet and anger in Lagos as the Lagos State House of Assembly is yet to transmit to Governor Akinwunmi Ambode the 2019 Appropriation bill to be signed into law over one week after the lawmakers passed the bill. The House, on April 29 passed the budget and added N21 billion to the original budget of N852.317 billion presented by the governor. The budget has been one filled with political undertone as Ambode could not present the budget in December and had to present…

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NASS TO TRANSMIT BUDGET TO BUHARI TODAY

President Buhari presenting the 2019 budget House of Representatives on Tuesday said the National Assembly (NASS) would transmit the approved 2019 Budget of N8.92 trillion to President Muhammadu Buhari on Thursday. Chairman of the House Committee on Appropriation, Rep. Mustapha Dawaki, made this known while briefing newsmen after plenary in Abuja. Dawaki explained that the increase in total budget from N8.83 trillion was due to the inclusion of funds for “special interventions’’ made by the National Assembly. He said that the interventions included the provision of N24.6 billion as severance…

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SENATE PASSES 2019 BUDGET, INCREASES IT BY 10BIL NAIRA

Leke Baiyewu, Abuja The Senate has eventually passed the 2019 Appropriation Bill, adding N10bn to the Service Wide Vote‎. The budget was submitted to the National Assembly last year by President Buhari in an event that generated so much acrimony on both sides of the politicial divide. The national budget was consequently raised from N8.906tn to N8.916‎tn. Details later…

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