Abuja - The National Assembly has rejected the proposal by the federal government to cut their annual budget of N150 billion to N115 billion, Thisday reports.
The lawmakers pegged the federal legislature’s 2015 budget at N120 billion.
This fresh decision was the fallout of the report of the conference committee of both houses of the National Assembly which met on the benchmark for the budget on Wednesday.
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The report which recommended $53 benchmark for 2015 budget, was adopted by the Senate.
A careful study of the report showed that whereas the Senate had earlier agreed to a budget cut from N150 billion to N115 billion, the House of Representatives on its part, rejected the decision and insisted that the figure be raised to N120 billion.
Read more at Thisday
- News 24