Buhari Writes NASS


[img]http:///a/img911/5784/G4GC9R.jpg[/img]

Transport Minister, Rt.Hon Rotimi Amaechi and Works, Housing and Power Minister, Mr. Babatunde Fashola, were responsible for President Mohammadu Buhari’s withdrawal of the 2016 Budget from the National Assembly, a reliable source in the Presidency told Pointblanknews.com.

The source who is not authorized to speak to the press said the two Ministries were not properly captured in the 2016 budget as presented to
the National Assembly.

The Transport Ministry, Works, Housing and Power are expected to play key roles in delivering key electoral promises of the Buhari’s administration.

After the 2016 Budget was submitted, it was realized that the key Ministries such as Transport and Works, Housing and Power were not
properly represented in the budget presented to the National Assembly”, the source told Pointblanknews.com.

According to the source, “if the 2016 Budget is left the way it was first submitted to the National Assembly, those Ministries won’t find it easy
delivering the dividends of democracy.

However, Buhari has written to the parliament requesting the withdrawal of the 2016 budget in order to make changes, sources at the presidency and Senate said on Sunday.

Buhari unveiled the budget for Africa’s biggest economy in December, which included a tripling of capital expenditure, as the continent’s top oil
exporter tries to overcome its worst economic crisis in years caused by the fall in crude prices.

The president said spending would be 6.08 trillion naira and the deficit would double to 2.2 trillion naira ($11 billion) under his administration’s plans.

With Brent crude, which gives Nigeria around 95 percent of its foreign earnings, falling to $30 a barrel for the first time in 12 years, the
naira has dropped to record lows against the dollar on the parallel market amid dwindling FX reserves.

The 2016 budget assumed an oil price of $38 per barrel, whereas lawmakers passed last year’s budget at $53 a barrel.

“Mr president has written to the Senate and the House of Representatives to withdraw the 2016 budget to enable him to affect some amendments following the further dwindling price of oil among other areas,” said a presidency source, speaking on condition of anonymity.

Buhari’s spokesmen, who have travelled with the president to the United Arab Emirates for the World Future Energy Summit, were unavailable for
comment.
A source at the upper house of parliament, the Senate, said Buhari had written to the National Assembly, which consists of both houses, to
request the withdrawal of this year’s budget.

“The Senate received the letter on Saturday but it does not specify what is to be corrected,” said the source, who wished to remain unnamed.

Ita Enang, the president’s senior special assistant on National Assembly matters, on Sunday issued a statement confirming that a message had been sent.
“Mr President has sent a communication to the National Assembly on the 2016 Budget,” said Enang. “The content is as will be read on the floor in
plenary.” He added that the reading would take place on Tuesday.

Last week the naira NGN=D1 – pegged at around 198 to the dollar on the official interbank market – slid to a record low of 305 on the parallel
market, fuelling speculation that Nigeria will soon have to devalue it currency. And stocks posted their biggest fall in eight years.

Senate members have summoned Central Bank Governor Godwin Emefiele to explain the naira’s plunge on Tuesday.

Posted by: Daily News & Analysis of Nigeria // Headlines // Amaechi, Budget Withdrawal From NASS, Fashola, Responsible For 2016 // January 19, 2016

we don hear......next pls

ok o

Mtcheew

They should pass the damn social media bill already.

Oshi....

story for the Dogs.
Is his why it was withdrawn?
ALTERATIONS TO THE OLD VERSION OF THE BUDGET DESCRIPTION
OFFICE OF THE CHIEF OF
STAFF TO THE PRESIDENT (TOTAL ALLOCATION)
2,258,000 - Old
27,258,000 - New
Increased by 25,000,000
OFFICE OF THE CHIEF SECURITY OFFICER TO THE PRESIDENT (TOTAL ALLOCATION)
3,177,380 - New
28,177,380 - Old
Increased by 25,000,000
STATE HOUSE MEDICAL CENTRE
3,865,629,221 - old
3,890,629,221 - New
Increased by 25,000,000
STATE HOUSE LAGOS LIAISON OFFICE
126,727,005 - Old
151,727,005 - New
Increased by 25,000,000
RENOVATION WORK ON 8 NO.BLOCKS OF 16 NO. 2 BEDROOM FLATS
AT STATE HOUSE SECURITY QUARTERS, ASOKORO “NEW QUARTERS”
Absent in old budget
254,587,922 - New
ANNUAL ROUTINE MAINTENANCE OF VILLA FACILITIES BY JBN
Absent in old budget
3,914,197,062 - new
ELECTRICAL INSTALLATION OF DISTRIBUTION BOARDS AND OTHER CABLES
191,592,132 - Old
371,733,964 - New
Increased by 180,141,832
OFFICE OF THE CHIEF OF STAFF TO THE PRESIDENT (TOTAL OVERHEAD)
0
25,000,000
Fresh 25,000,000
OFFICE OF THE CHIEF OF STAFF TO THE PRESIDENT (TOTAL RECURRENT)
0
25,000,000
Fresh 25,000,000
FEDERAL MINISTRY OF SOLID MINERALS (WEBSITE UPDATE)
0
795,234,275
Fresh 795,234,275
MAINTENANCE OF FME WEBSITE AND PROVISION OF ANTIVIRUS AND PORTAL DESIGN AND DEVELOPMENT FOR NIGERIA EDUCATION MANAGEMENT INFORMATION SYSTEM
15,000,000 - old
273,657,322 - New
Increased by 258,657,322


This is the alteration done to the 2016 budget when The Nigeria Economy is collapsing.
yet some youth, out of sentiment, nepotism and tribalism sees nothing wrong with it.
I weep for this country.