News
Senate passes N9.12trn 2018 budget
The Senate on Wednesday passed the 2018 budget of N9.12 trillion. The budget was presented at a joint session of the National Assembly by President Muhammadu Buhari on November 7, 2017.
Passing the budget, the Deputy President of the Senate, Ike Ekweremadu, emphasized the need for the legislature to be specific on the duration of the budget or rather what constitutes the budget year. He stated that the law does not specify precise time frame of when the budget begins or ends but specify 12 months calendar beginning from the date the legislature passes the budget; indicating that the budget year for the 2018 Appropriation Act begins from May as soon as the President assents to the financial instrument.
Several senators complained of the non-cooperation of ministers and other heads of agencies who declined responding to invitations by the National Assembly to defend budget allocations to their respective MDAs.
The House of Representatives is also at the point of completing its own process at the time of this report. Details later.
-
Football4 days agoAfrica breaks World Cup record with seven teams in knockout stage
-
Latest7 days agoAlleged xenophobic attack claims life of Malawian street vendor in South Africa
-
Comments and Issues6 days agoNorway’s Rowing Celebration Captures The Spirit Of The World Cup
-
Entertainment1 day agoActress Cossy Ojiakor shares flooded home as heavy rainfall wreaks havoc in Lagos
-
Aviation1 week agoHeading through the storm: Multiple taxes, complex leasing drag on Nigerian carriers
-
Football5 days agoNetherlands to face Morocco, Brazil draw Japan in 2026 World Cup round of 32
-
Energy6 days agoLeaked court documents allege Shell ignored pipeline safety warnings in Niger Delta
-
Business5 days agoNAFDAC, FCCPC others partners OSOA Foods advocacy on food safety, MSME growth