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Senate passes 2015 supplementary budget

02 December 2015, 09:40

Abuja - The Senate has approved the 2015 supplementary budget that President Muhammadu Buhari recently sent to the House.

The budget has been approved after the Senate considered the report of its Committee on Appropriation, presented by its Chairman, Danjuma Goje.

Goje said the committee observed that the provision for subsidy payment only covered the year 2014 arrears of N120,5 billion and the claims of January to September 2015 of N292,8 billion.

He said the committee further observed that there is need to provide additional funding in the sum of N108,8 billion for fuel subsidy for the months of October, November and December 2015 to ensure that the 2016 budget take off on a clean slate.

He added that the committee also observed that there to adjust the proposed amendment to the 2015 fiscal framework to capture the additional funding of N108,8 billion.

Also Read: NASS to make public 2016 budget breakdown

“As indicated in the amendment to the 2015 Fiscal Framework, the supplementary budget will be funded through borrowing,” Goje said.

Senate Leader, Ali Ndume suggested that the Senate Committee on Appropriation address the disbursement of the subsidy claims.

“We have looked at the requirement, timing of the supplementary budget and we know its approval will cut off the fuel queues and it is almost like blackmailing us into passing this bill,” Ndume said.

Meanwhile, Senate President, Bukola Saraki, warned government ministries and agencies in charge of disbursing the fund to ensure it was judiciously used.

He challenged the Senate Committee on Appropriation and Anti-Corruption to ensure that those responsible for the economic sabotage are exposed.

“Both the Senate Committee on Appropriation and Anti-Corruption must work to ensure that those responsible for this economic sabotage are exposed,” Saraki said. 

- CAJ News


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