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Nairaland Forum / Nairaland / General / Politics / Why Buhari May Not Sign 2018 Budget – Minister, Udoma (21672 Views)
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Why Buhari May Not Sign 2018 Budget – Minister, Udoma by 8Ebisco: 8:45am On May 21, 2018 |
Minister of Budget and National Planning, Senator Udoma Udo Udoma has hinted that President Muhammadu Buhari might not assent to the 2018 budget recently raised to N9.1 trillion by the National Assembly, with additional N501 billion. Special Adviser on Media to the Minister, Akpandem James speaking to Sun said the N501 billion addition by the legislature might not be feasible. Udoma said the National Assembly would have to tell Nigerians if they have discovered another revenue stream unknown to the Federal Government to cover the addition. “When we see the details, we will be in a better position to know how they came about it. “We will see if they have discovered another revenue stream, which we were not aware of, or just relying on increased crude oil price,” he said. The senate increased the appropriation Bill from the N8.612 trillion proposed by President Buhari, to N9.12 trillion. The crude oil benchmark price of the budget was also increased from $45 to $50.5. According to the document laid at the House on Tuesday, N530,421,368,624 was proposed for statutory transfer; N2,869,600,351,825 for development fund for capital expenditure; N3,516,477,902,077 for recurrent (non debt) expenditure while N2,203,835,365,699 is for debt service; and N199bn for maturing loan. http://www.mcebisco.com.ng/2018/05/why-buhari-may-not-sign-2018-budget.html 3 Likes
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Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Nobody: 8:47am On May 21, 2018 |
Now they ask the senate to defend its reason but failed to defend the budget when they were asked to, even from the presidency as at last month So how do we judge this now? https://www.google.com.ng/amp/s/www.channelstv.com/2018/03/16/buhari-directs-mdas-to-defend-budgets-before-national-assembly/amp/ 26 Likes 3 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Jatinzbusinessc(m): 8:48am On May 21, 2018 |
2018 budget is as good as nothing if he signs it or not, the year is already over and elections is around the corner. Then I ask what happened to the 2017 budget? Because no body is talking about it has it been signed into law. 37 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Mogidi: 8:49am On May 21, 2018 |
The senate increased the appropriation Bill from the N8.612 trillion proposed by President Buhari, to N9.12 trillion. The crude oil benchmark price of the budget was also increased from $45 to $50.5. Oil is now over $80 yet Buhari's padded budget says $45. 31 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by PassingShot(m): 8:50am On May 21, 2018 |
Esseite:Educate yourself and you will realize that the budget was defended. What was not done was to allow the crooks add their cut to the budget. Jatinzbusinessc:2017 budget runs till May 31, 2018. Our fiscal year is from June 1st to May 31st. 48 Likes 3 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by PassingShot(m): 8:51am On May 21, 2018 |
The burden is on the Senate to explain why the budget was jacked up and how the funding will be sourced. 18 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Nobody: 8:55am On May 21, 2018 |
PassingShot: Read and you just might break that yoke of zombies Buhari gave that order end of last month, so when did they defend it? 37 Likes 1 Share |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by PassingShot(m): 8:57am On May 21, 2018 |
[s] Esseite:[/s] March. Not end of last month which was April. Seek knowledge. 40 Likes 3 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Throwback: 8:57am On May 21, 2018 |
We have returned to this aimless back and forth again. 5 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by saaron(m): 8:58am On May 21, 2018 |
But paying secret fuel subsidy to the tune of N1.4 trillion per annum for the past 3 years using imaginary 60 million litres fuel consumption from 30 million prior to 2015 is feasible? This govt is not only corrupt, they are totally rudderless and directionless. 46 Likes 3 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by opeyemicollins(m): 8:59am On May 21, 2018 |
I do say that Nigerian law makers are the major problem that we have in this country,they delayed the budget for too long and now they hijacked it up again so that they can have their own way as well,it was during last passage of budget that will see paddle and what we are seeing now is beyond that may god save us from them...i trust PMB,with his integrity he may ask them to reduce it 20 Likes 3 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by RareDiamonds: 9:04am On May 21, 2018 |
Don't mind that zombie. The price of crude oil now hovers around $80 per barrel and has never performed below $60 per barrel this year. There is a $30 per barrel excess receipt which amount to approximately $73 million in savings to this incompetent and m0ronic government. The minister should shut up and put machinery to execute this long delayed budget. Esseite: 29 Likes 1 Share |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Nobody: 9:04am On May 21, 2018 |
PassingShot: So we are now on the dates and not if it was defended or not?... pathetic 18 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Lanretoye(m): 9:14am On May 21, 2018 |
What is the meaning of budget in Nigeria self?. 4 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Paperwhite(m): 9:25am On May 21, 2018 |
saaron:You said my mind-thanks sir. 9 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by adem30: 9:45am On May 21, 2018 |
Esseite:I don't know who paid for your school fees, but I am sorry for the fellow. Let me remind you, The senate claimed they will not pass the budget if the ministers do not come to defend the 2017 budget. Buhari direct every minister to defend their ministry budget, and some ministers also voice out that the senators are persecuting them because they refused to bribe them. I watched most of the defence on live tv, I could remember I watches Fashola own. And your almighty senators have nothing to nailed them. 22 Likes 3 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Malikcoker: 9:57am On May 21, 2018 |
Nigerian law makers are the major problem that we have in this country,they delayed the budget for too long and now they hiked it up again so that they can have their own way as well,i trust PMB,with his integrity, they would have to reduce it again. 7 Likes 1 Share |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Nobody: 10:10am On May 21, 2018 |
adem30: Why did Buhari make that statement in March 2018? Or sorry, he told them to re-do the defence with the senate.. prof 7 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by chernest2002: 10:31am On May 21, 2018 |
Of what good will this budget be? Apc past two budget only brought hunger and hardship. 6 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Geofavor(m): 10:47am On May 21, 2018 |
If I hear. Don't you know transmission of funds will be mitigated if he doesn't. You want the people keeping him in the seat to call for his head? |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by deebsman1(m): 10:48am On May 21, 2018 |
Ghen Ghen |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by martineverest(m): 10:48am On May 21, 2018 |
corrupt senate 3 Likes 2 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by s3tt1ngz003: 10:48am On May 21, 2018 |
If he like sign if like tear it fellow nairalanders Pls I need any material regarding this topic An examination of the effect of abandoned property on residential neighborhoods |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Nobody: 10:49am On May 21, 2018 |
Another stint to discredit the senate 5 Likes 1 Share |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by martineverest(m): 10:49am On May 21, 2018 |
Mogidi:Ur mental capability is overly low .....see as u dey diagrace Ur family in public 19 Likes 5 Shares |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by NOETHNICITY(m): 10:49am On May 21, 2018 |
The advent of Saraki in our democratic sojourn will prove to be the most catastrophic in our history. Saraki is Satan incarnate Go to kwara nd see how millions of people re held in hopeless servitude under his demonic spell. 6 Likes 1 Share |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Nobody: 10:49am On May 21, 2018 |
The only "SIGN" I am interested in as regards Buhari is when he SIGNS Off being the president That would be a SIGN of RELIEF! 3 Likes |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by richidinho(m): 10:50am On May 21, 2018 |
use the illegal Excess crude Account to fund it 1 Like |
Re: Why Buhari May Not Sign 2018 Budget – Minister, Udoma by Nobody: 10:50am On May 21, 2018 |
Jer6s:You are high 4 Likes |
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