The House of Representatives on Thursday passed the 2013 budget of N4.987 trillion as against the N4.924 trillion presented by President Goodluck Jonathan.

This represents a difference of N63 billion.

It is comprised of N387.9 billion for statutory transfers, N591.7 billion for debt services.

The News Agency of Nigeria reports that the budget is also made up of N2.3 trillion as recurrent non-debt expenditure, N1.6 trillion for contribution to the development fund for capital expenditure for the year ending December 31, 2013.

All unutilized capital expenditure in the 2012 budget had been rolled over to form part of the 2013 Appropriation Act.

The Deputy Speaker, Mr. Emeka Ihedioha, who presided enjoined all standing committees of the House to carry out their oversight function in order to ensure full implementation of capital projects.

The spending plans assumed a 79 dollars per barrel benchmark oil price as against the 75 dollars submitted to the National Assembly by the president.

credits to http://thenationonlineng.net/new/news-update/reps-pass-2013-budget/

Nigeria House of Representatives done talk on today wey be Thursday say, dem don pass the 2012 budget of N4.987 trillion as them go against the N4.924 trillion wey our Oga patapata wey be President Goodluck Jonathan.
Them don talk say this one don show another tin of N63 billion.



Them also talk say na from N387.9 billion for statutory transfer, N591.7 billion for debt service.

Aproko people of Nigeria wey be News Agency Of Nigeria, don say the budget don even made up another N2.3 trillion as recurrent non-debt expenditure, as Oyibo people dey talk am.

Big money wey person like me neva see wey be N1.6 trillion for contribution to the development fund for capital expenditure for the year ending wey be December 31, 2013.

As the story don reach so, All money wey dem use any how as (unutilized capital expenditure) in the year 2012 budget had been rolled over from part of the 2013 appropriation Act.

For the grandfinally, Dem don assumed say $79 for one barrel benchmark oil price against the one of $75 wey dem submit to overall house, wey be our obodo 9ja (National Assembly by the President)

Pigin Credits to http://www.ogusbaba.com/2012/12/9ja-news-reps-don-pass-2013-budget.html

D only responsibilty PDP carries out without sleeping . Passing budgets.mtcheewwwww

Good development. Kudos to house of reps. Over 2 d executive for full implementation.

what is the performance rate of 2012 budget pls?

Nawa ooo na trillion we dey hear now after trillion na wetin we go de hear again

azyaq:
Nawa ooo na trillion we dey hear now after trillion na wetin we go de hear again

na only God know

What?
Pass a budget in December?
Wey the people wey dey wait to negotiate their cut from the MDAs before approving allocation

Omo see figures! Well, I sincerely hope that all these figures would translate into improved standard of living for the average Nigerian, better infrastructures (medical, social, educational,etc) for us all.

BeraBera: Omo see figures! Well, I sincerely hope that all these figures would translate into improved standard of living for the average Nigerian, better infrastructures (medical, social, educational,etc) for us all.

ogal u sabi be language like dis ? u go fit dey work for me so? na question o

What is the impact, relevance of the 2012 budget ? This people are just deceiving themselves . dem think say we no get eyes and ears.
It's really pathetic. When are they going to be fiscally and monetary responsible!

Fuel subsidy dey dia?

Orpelin: what is the performance rate of 2012 budget pls?

Great question.... Imagine, N2.3 trillion RECURRENT EXPENDITURE and N591.7 billion for debt servicing?? Abeg, what did they use the accessed debt to finance?!
Anyway, I have given up on these "leaders" long time ago......................................................................................... I have a plan!

ITbomb: . . . .Wey the people wey dey wait to negotiate their cut from the MDAs before approving allocation

YOU JUST SPOKE MY MIND. . . . NA USUALLY 50:50 ARRANGEMENT. BY THE TIME THE FUND GETS TO THE FINAL USERS, IT CAN'T SOLVE IT'S INTENDED NEED. . . SO DEM GO JUST FASHY DE PROJECT AND PUSH IT TO NEXT YRS BUDGET; AND THE CIRCLE CONTINUES. BLIND MEN LEADING HALF BLIND PEOPLE.
MAY GOD HELP US ALL.

Kamsy10: D only responsibilty PDP carries out without sleeping . Passing budgets.mtcheewwwww

Not PDP only

2013 budget of N4.987 trillion as against the N4.924 trillion

N4,987,000,000,000 / 160,000,000 = N31,168.75 PER CAPITA , OR $194.80 PER CAPITA

Compared to the US

Submitted February 13, 2012
Submitted by Barack Obama
Submitted to 112th Congress
Total revenue $2.902 trillion (requested)
Total expenditures $3.803 trillion (requested)
Deficit $901 billion

$3,803,000,000,000/314,970,000 = $12,074 or N1,931,866 PER CAPITA

Yet we want to develop. we are allocating what they use as tip for development.

GOODLUCK TO NIGERIA........

Yes, the hole the executive dug for the legislators has being rearranged for the executive to fall inside, as it is today, there will be no more excuse again

BeraBera: Omo see figures! Well, I sincerely hope that all these figures would translate into improved standard of living for the average Nigerian, better infrastructures (medical, social, educational,etc) for us all.

see the cost of governance alone in naija is too expensive talk more of saying reaching the average nigerian.....i doubt it.........sowie for being persimistic

when we go begin HAMMER the Assumed Money ?

No more vision 2020 na vision 2050 we dey hear.

Unutilised capital expenditure When there's so much work to be done? Recurrent expenditure still higher than capital expenditure. Na wa o, with the way things are going in Naija, we go still dey shout UP NEPA in 2020.

SlyIg: Fuel subsidy dey dia?

lolzzz,abeg some1 shld cnfirm 4us

ogusbaba1:
credits to http://thenationonlineng.net/new/news-update/reps-pass-2013-budget/



Pigin Credits to http://www.ogusbaba.com/2012/12/9ja-news-reps-don-pass-2013-budget.html

you nor sabi speak pidgin english wen be Naija official language, I sorry for you

Wetin be the result of dis year budget first, I hate to talk about garri, but I noticed the price of it nova reduce for market. Even chickens I noticed recent sey so many of them wey dey market no dey tall and big again like good old days. Cos their own garri(feed) too dey costly. Guys but talk true if God tell you sey he want to take you and bring you back to the world which country you go like dey. deep from your heart talk true o.

f

tunapawizzy: i hate to read anything about these useless people

they are more than useless, only what they think is money and dont know even how to spend it, may be president of urugauy will teach them how to behave when it come to money spending.

When will the bill to stop Boko haram and kidnapping and other vices be passed.Leaders indeed!!!!!!!!!!!

I hope they made provision for ransome for kidnappers in that budget
because Ireland unfree is Britain unpeaceful. The successive government
of this country have subjected the citizens to torturous conditions worse than Nazi
prisoners, the monsters the created over the years have now grown and come
back haunting them day and night.

Time is running out for Nigeria, it running out fast.
Expect no positive impact from this budget apart from the looting spree and while their looting
go on, money should be set aside for the aforementioned, because a child who says that his mother
will not sleep should be ready to stay awake too.

c