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N’assembly To Re-work N7.29tn Budget –reps Spokesman - Politics - Nairaland

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N’assembly To Re-work N7.29tn Budget –reps Spokesman by ExAngel007(f): 8:01am On Dec 27, 2016
The House of Representatives said on Monday that each item in the N7 29tn budgeted for 2017 would be subjected to a thorough review by the National Assembly.


It noted that until such a review was done by various standing committees and approved by the legislature, the budget remained mere proposals by President Muhammadu Buhari.


The Chairman, House Committee on Media and Public Affairs, Mr. Abdulrazak Namdas, who spoke with The PUNCH in Abuja, explained that lawmakers would ensure that the controversies,which nearly marred the 2016 budget, would not be replicated with that of 2017.

Namdas, a member of the All Progressives Congress from Adamawa State, stated, “We have received the budget proposals from Mr. President. We now have a duty as lawmakers to look at
the items one after another.

“The first step is that every member will get copies of the budget to study and this will assist them in pointing out key areas for the attention of the House.

“As soon as we reconvene in January, work on the details of the budget will begin.” Asked whether lawmakers would increase the budget size,
Namdas replied that the size was already “huge.”

He added, “N7.29tn is a huge amount; increasing it is not likely the way to go.

“However, the budget is the document eventually passed by the National Assembly.

“Nigerians should be patient till we reconvene in January.”

The President had, on Wednesday, December 14, laid the estimates of the budget before a joint session of the Senate and the House in Abuja.
The budget of “economic recovery and growth” is 20 per cent higher than the N6.06tn budgeted for 2016.
Its total capital component of N2.24tn is also higher than that of 2016 by 30.7 per cent, a projection Buhari said was made to spend more on infrastructure, solid minerals development,
agriculture and provide support for local manufacturing firms to speed up growth.

Spending on recurrent expenditure is put at N2.98tn. Although the budget’s anticipated revenue of N4.9tn is higher than that of 2016 by 28 per cent, it has a deficit of N2.36tn, representing
2.18 per cent of the Gross Domestic Product.


The President told lawmakers that the deficit would be financed through a projected borrowing of N2.32tn, broken into N1.06tn (external) and N1.25tn (domestic).


www.punchng.com/nassembly-re-work-n7-29tn-budget-reps-spokesman/
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by nixt: 8:20am On Dec 27, 2016
And some unpatriotic Nigerians who no know as bout house proceedings will appear shouting "padding". Ask Jibrin your mentor

3 Likes

Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by XXLDICK(m): 8:20am On Dec 27, 2016
More budget padding loading

4 Likes

Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by mostyg(m): 8:20am On Dec 27, 2016
Ok
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by jeeqaa7(m): 8:21am On Dec 27, 2016
Dogara aka budget Padder never add him own
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by ajbf: 8:22am On Dec 27, 2016
Monumental budget padding looming in Nigeria. Imagine over #7 trillions budget almost times two of Jonathan yearly budget, and you do not want national assembly members to have their own portion.
Come January, 2107, Saraki and Dogara (both with knives in their hands) will lead members of their respective chambers, to your their own cut of the national cake.

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Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by Kondomatic(m): 8:22am On Dec 27, 2016
People saying that this budget is huge obviously don't know the country's inflation rate. My problem with the budget is how big amounts of money are budgeted for unnecessary things. Believe it or not but truth is, 2017 budget ain't gonna change nothing

1 Like

Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by Vince77(m): 8:23am On Dec 27, 2016
Wch one be "re-work" again?
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by iyallancy84: 8:23am On Dec 27, 2016
bunch of criminals

1 Like

Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by hernandson(m): 8:24am On Dec 27, 2016
If it favours the masses then no qualms

2 Likes

Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by realGURU(m): 8:27am On Dec 27, 2016
i hope they will expose any padding
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by baybeeboi: 8:31am On Dec 27, 2016
Another padding loading

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Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by Seriousboy: 8:31am On Dec 27, 2016
Hmmm

If you looters pad this budget we will probe all of you comes 2019 by Nigerian masses at polling units.


We are tired of being lied to.
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by NaijaMutant(f): 8:33am On Dec 27, 2016
Ok
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by shaddoww: 8:39am On Dec 27, 2016
The National Assembly remains president Buhari's greatest obstacle n it's his fault, cos he was d one dat said he doesn't care wat happens there. Way he doesn't know is whether u want to do good or bad, u need a trusted NASS cos our politics is still immature.
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by tizzle(m): 8:45am On Dec 27, 2016
National Assembly to "PAD" the budget u mean.....
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by greatiyk4u(m): 9:07am On Dec 27, 2016
Kondomatic:
People saying that this budget is huge obviously don't know the country's inflation rate. My problem with the budget is how big amounts of money are budgeted for unnecessary things. Believe it or not but truth is, 2017 budget ain't gonna change nothing



the pessimist
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by Bimpe29: 9:13am On Dec 27, 2016
And, I say no to budget padding.
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by CzarChris(m): 9:16am On Dec 27, 2016
greatiyk4u:




the pessimist
but he is saying the bitter truth. If our president is still insisting on working with this his present crop of ministers and advisers, then it's over before it started.
Only a stark raving madman does the same thing, the same way twice, but expects a different result.

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Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by ThinkSmarter: 9:17am On Dec 27, 2016
They should cut down budget for tyres replacement, they are not into commercial driving, private vehicle tyres lasts more than a year.
They should also cut down vehicle maintenance fee, new vehicles need only changing of engine oil once in a 3~4 wks duration and fan belt.
Also the budget for Cutlery z outrageous, they should also cut it down.
Also, the sitting allowance, re u doing free work to Nigeria, are u not paid salaries for ur job, nothing wey I no go hear, small time they will start asking for talking allowance, toilet allowance.
All these exorbitant budgets are nothing but looting strategies, Buhari hv not justified his Sainthood claim, all politicians are the same.

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Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by nzeobi(m): 9:17am On Dec 27, 2016
Envelop based abi zero based.
Cos that the kind of words they normally use to deceive us as if baptismal names will change anything. embarassed
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by deolu2000(m): 9:56am On Dec 27, 2016
Let the padding begin....
Re: N’assembly To Re-work N7.29tn Budget –reps Spokesman by chrisblack1234: 9:59am On Dec 27, 2016
God ooooo.wetin be re work again..do u mean padding, or. Correction or anoda presentation, which one..naija senators will never change. Thieves,.is like the budget na favour una.una wan add.gbewiri

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