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

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/

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.

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.

Esseite:
Now they ask the senate to defend its reason but failed to defend the budget when they were asked to, even from the presidency...

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/

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:


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.

2017 budget runs till May 31, 2018.

Our fiscal year is from June 1st to May 31st.

The burden is on the Senate to explain why the budget was jacked up and how the funding will be sourced.

PassingShot:

[s]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.[/s]

Read and you just might break that yoke of zombies
Buhari gave that order end of last month, so when did they defend it?

[s]

Esseite:


Read and you just might break that yoke of zombies
Buhari gave that order end of last month, so when did they defend it?

[/s]
March. Not end of last month which was April. Seek knowledge.

We have returned to this aimless back and forth again.

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.

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

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:


Read and you just might break that yoke of zombies
Buhari gave that order end of last month, so when did they defend it?

PassingShot:
[s][/s]
March. Not end of last month which was April. Seek knowledge.

So we are now on the dates and not if it was defended or not?... pathetic

What is the meaning of budget in Nigeria self?.

saaron:
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.

You said my mind-thanks sir.

Esseite:


So we are now on the dates and not if it was defended or not?... pathetic

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.

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.

adem30:

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.

Why did Buhari make that statement in March 2018?

Or sorry, he told them to re-do the defence with the senate.. prof

Of what good will this budget be? Apc past two budget only brought hunger and hardship.

Ghen Ghen

corrupt senate

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

Another stint to discredit the senate

Mogidi:


Oil is now over $80 yet Buhari's padded budget says $45.

Ur mental capability is overly low .....see as u dey diagrace Ur family in public

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.

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!

use the illegal Excess crude Account to fund it

Jer6s:
The only sign I am interested in as regards Buhari is when he SIGNS Off the presidency

You are high