Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

Senate denies frustrating 2017 budget

29 November 2016, 07:20

Abuja - The Senate has dismissed media reports that it was frustrating the early passage of  the 2017 budget.

The upper chamber said it has deliberated and passed the medium Term Expenditure Frame Work with some reservation by some senators.

In a statement by the senate spokesman, sen Aliyu Sabi the senate condemned the report, describing it as misleading and false.

 
A national newspaper has on Monday reported that the National Assembly is   frustrating the submission of the 2017 Appropriation Bill.

Parts of the statement reads. “The attention of the National Assembly has been drawn to a misleading, malicious and false report that the National Assembly is frustrating the submission of the 2017 Appropriation Bill because of the contention over the refusal of the presidency to approve the constituency project of the law makers.

The said story quoted an unnamed presidency official as its source. Much as the National Assembly does not respond to speculations in the media, it however wishes to state as follows:

The said news item is completely false. The Senate on November 22, 2016 at the plenary session deliberated on the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) and passed it on to its legislative committees for necessary legislative actions and recommendations.

Throughout the debate at the plenary, no mention was made of the constituency projects of the lawmakers as it was not the subject of debate. Rather, the Senators took time to comment on the observed deficiencies of the MTEF/FSP document before the National Assembly”

It further stated “The senators observed the unrealistic aspect of the document pointing out that it was not in tune with realities on ground. For instance, the senators that spoke complained against the crude oil benchmark  projection and that expectation that over two million barrels of crude oil per day is being projected without taking into cognizance the militancy in the Niger Delta region.

The Senate at the plenary was alarmed on the Naira projection to the US Dollar, which was not in tandem with the current Central Bank of Nigeria (CBN) projection of N350 to a US Dollar, whereas the MTEF/FSP projected N290 to a US Dollar.

“The senators also complained against the projected Gross Domestic Product (GDP) and projected growth in 2017 and other issues. In none of these were  the issue of constituency projects mentioned.

It, therefore, beats the imagination where the national daily  and the so called presidency official got their information from. It must be a product of disinformation and attempt to blackmail the National Assembly.”

- News 24

NEXT ON NEWS24 NIGERIAX
&nbps;

Read more from our Users

Submitted by
Isaac Asabor263
Separating kitchen politics from ...

Like everyone else, I believe that the most popular definition of democracy is “government of the people, by the people and for the people”. Read more...

Submitted by
Bethel Tanifo
Ministry of Niger Delta Affairs, ...

Like NDDC Unlike MONDA. This notion is an intuition that does not portend political participation, affiliation, intrusion or aggression but a submission with the intention of completion of the previous administration's noble vision. Read more...

Submitted by
Bethel Tanifo
Nigerian Constitution versus Corr...

The problems of Nigeria is not in its conventional composition, formation, functionality, constitution or treaty, while the solutions are not disintegrations as promulgated by some faiths fanatics and bigotries.  Read more...

Submitted by
Abdulsalam Jubril
Much Ado about Trump’s Presidency

It was unbelievable when the social and mainstream media all over the world began airing the breaking news of Donald Trump’s victory in the most contentious US Presidential elections in recent years. Read more...

Submitted by
Mike Daemon
Nigerian author highlights gay ch...

A new novel by a prolific young Nigerian author features gay characters, which could help increase the visibility of the gay community and possibly lead to greater understanding of LGBT Nigerians. Read more...

Submitted by
Isaac Asabor263
Your Excellency, I will call you ...

Your Excellency, Governor Adams Oshiomhole, as a leader that pays attention to details, I understand that the odd title of this piece would definitely arouse your curiosity.  Read more...