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BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr - Politics - Nairaland

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BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by dipoolowoo: 4:00pm On May 16
By Modupe Gbadeyanka

The Nigerian Senate on Wednesday eventually passed the 2018 Appropriation Bill and would be forwarded to President Muhammadu Buhari for his assent.

The 2018 budget is estimated to be N9.12 trillion.

On Tuesday, report of the 2018 Appropriation Bill was laid before the Senate by Chairman of the Senate Committee on Appropriations, Mr Danjuma Goje.

Today, he briefed his colleagues on the components of the budget, saying it contains N3.5 trillion for recurrent (non-debt) expenditure, N2.9 trillion for development fund for capital expenditure, N2.2 trillion for debt servicing, N530.4 billion for statutory transfer and N190 billion for sinking fund for maturing loans.

While debating on the budget before it was passed, the lawmakers said it was unfortunate that Nigerians believed that the passage was delayed by the Senate when it was the executive that actually did.

They said Ministries, Departments and Agencies (MDAs) of Federal Government failed to defend their budget estimates until they were directed to do so in March this year.

President Muhammadu Buhari had presented the budget of N8.612 trillion to the parliament for passage in November 2017.

But the National Assembly raised the estimate to N9.12 trillion.

Details later.

https://www.businesspost.ng/2018/05/16/breaking-senate-passes-2018-budget-of-n9-12tr/

3 Likes 2 Shares

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by nairavsdollars(f): 4:08pm On May 16
After they have doctored the amouny5

3 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by HigherEd: 4:17pm On May 16
How much was voted for education and health?

10 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Sirjamo: 4:21pm On May 16
This is the second to the last budget Saraki will supervise.

22 Likes 1 Share

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by emeka20091: 4:23pm On May 16
The Ministry of Health wants to spend N350million on a jambore to Geneva for the World Heath summit with a delegation of 40 Govt officials while all hospitals in Nigeria are on strike.

This government is the worst in the history of Nigeria. angry

33 Likes 4 Shares

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by ayampissed: 4:34pm On May 16
Good job by the senate but like one of them rightly said, the implementation of the budget should be thoroughly monitored as this will enable funds allocated to projects be use for such projects.

It is now left for the Executive to do the needful.

3 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Funnicator: 4:35pm On May 16
Sirjamo:
This is the second to the last budget Saraki will supervise.

Yes, and second to the last budget Buhari will sign.

14 Likes 1 Share

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Sirjamo: 4:37pm On May 16
Funnicator:

Yes, and second to the last budget Buhari will sign.
We shall see

20 Likes 2 Shares

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by hotswagg12: 4:38pm On May 16
Good move.
Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Funnicator: 4:40pm On May 16
Sirjamo:
We shall see

better go and get ready to kill many Christians in the north cause that's what your kind always do when they lose presidential elections.

14 Likes 1 Share

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by hotswagg12: 4:42pm On May 16
magaji700:
After they inflate it. cry
magaji700:
After they inflate it. cry
nairavsdollars:
After they have doctored the amouny5
I guess you forgot the part where the president asked that the money he spent on the tucano jet be included and you expect the budget figure not to have increase. Shame on you.

9 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Paperwhite(m): 4:44pm On May 16
Good one there Nigerian Senate.Over to you executive.

1 Like

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by roqrules04(m): 5:02pm On May 16
At almost the middle of the year? Millions will have been used as bribe before this budget was passed

2 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Teewhy2: 5:02pm On May 16
Budget of Election finally passed but still not yet hurrah as the FG will need to look at it again incase the senate or House of representatives have not replaced some projects with their personal projects.

2 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by PinkStarsFallIn: 5:04pm On May 16
All dis trillions dat is not improving d economy.
Africa is doomed.

1 Like

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by babyfaceafrica: 5:04pm On May 16
So we should fry yam?

1 Like

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Teadavid23(m): 5:05pm On May 16
Toor. Continue ooooo
God will judge you all o
Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by ZarahBuhari: 5:05pm On May 16
Finally the rocket science budget has been passed.

2 Likes 1 Share

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Samiceman: 5:05pm On May 16
Nonsense!
Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by gcof(m): 5:07pm On May 16
Greatest yahoo ever invented is Nigeria politics...Nigerians have just been scammed over N9Trillion yet they’ve not realised it

4 Likes 1 Share

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Walelavender(m): 5:07pm On May 16
After considerable padding grin.
Can we begin to have cash-flowing and streaming grin

1 Like

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by magaji700(m): 5:10pm On May 16
After they inflate it. cry
Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Jesusloveyou(m): 5:12pm On May 16
Thank God, buhari will not assent to any budget padding for legis-looter re-election funding.

They will all be broke, and no money for their reelection bid.

2 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by cocoboss(m): 5:13pm On May 16
i dont care, back to daura 2019 angry angry
Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Outofsync(m): 5:13pm On May 16
So we're passing a budget that should run the whole length of a year ALMOST 6 MONTHS into the said year?

Our economic and budget making policy is just awful.

1 Like

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Malocity(m): 5:14pm On May 16
It's now I know that inflation has also affected the 2018 Budget. God help us.
Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by DarBleeze(m): 5:14pm On May 16
hopefully one day I will pass a Nigeria budget

2 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by Jesusloveyou(m): 5:18pm On May 16
hotswagg12:
I guess you forgot the part where the president asked that the money he spent on the tucano jet be included and you expect the budget figure not to have increase. Shame on you.
which tucano increase is that.

The tucano fund that is from excess crude account.

2 Likes

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by rhymestech: 5:22pm On May 16
After over 6months that the budget has been given to them by the president. Obviously, we are not a serious country. We paid all the senators for 6months and they couldn't even deliver one of their key functions.

1 Like

Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by chrisxxx(m): 5:22pm On May 16
ert
Re: BREAKING: Finally, Senate Passes 2018 Budget Of N9.12tr by dunedamatrix(m): 5:25pm On May 16
Please can someone help me with 1k?

I'm a student, I'm hungry. Please I just want to eat.

Thank you and may God bless you.


Uba. Ac no: 2016229958.

2 Likes

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