The Senate said, yesterday, that from all available indications and economic indicators, the executive may not be able to implement more than 50 per cent of 2017 budget, and would jerk the 2018 budget to N10 trillion.

Speaking in Abuja during the debate on the report of the implementation of the 2017 budget at plenary, Senate President, Dr Bukola Saraki, said since the executive might not implement more than 50 per cent of 2017 budget, the 2018 budget might be more than N10 trillion.

He said: “If the implementation of the 2017 budget is going to be 50 per cent, it means we should expect to have a budget of N10 trillion in 2018. I hope the executive takes note of that.”

The Senate also said there was no pending loan request currently before it, saying all requests from President Muhammadu Buhari were approved before the National Assembly embarked on its annual recess in July. The position of the Senate, yesterday, countered that of the Minister of Finance, Mrs Kemi Adeosun, over claims that the National Assembly was yet to approve President Buhari’s borrowing plans needed to fund capital projects in the 2017 budget.

Saraki said: “There is no request before us about borrowing we have not approved. We approved all the requests before we went on break. I needed to make this explanation because of what the Minister of Finance said, that the National Assembly is holding on to borrowing requests sent by the executive.” Insists on 50% implementation.

The Senate is also insisting that the implementation of 2017 budget must reach fifty percent completion before it would be rolled over to 2018 budget. This is part of recommendations contained in the report of the Committees on Appropriations and Finance, which recently invited Minister for Finance, Mrs Adeosun, and her Budget and National Planning counterpart, Senator Udoma Udo Udoma, to explain the level of implementation of 2017 budget. Indicts MDAs over non-remittance of revenues Meanwhile, the Senate has accused some Ministries, Departments and Agencies, MDAs, of the Federal Government of failure to remit revenues into the Federation Account.

Presenting the report of the committee, Senator Goje, who did not mention names of the MDAs, said the revenue leakages must be blocked and agencies involved sanctioned to guard against a repeat in the future.

Read more at: https://www.vanguardngr.com/2017/10/2018-budget-may-jerked-n10trn-senate/

Ok

This APC virus is destroying this country faster than a tsunami

Fraud

Worst government ever.

Worst regime ever

Most questionable government ever

Funny and deceitful government ever

Most zombie Oga government ever

My God what have we done to deserve this.

Buhary & APC plunging Nigeria into deep borrowing with a callous return to pre-Paris Club era.

No thanks to the gullible fellows who voted a brain dead individual who belong to the 20th century to a leadership position in the digital age.

They should kuku take it to 100trn Buhari mission is to ruin this country. Take it or leave it

Firefire:
Buhary & APC plunging Nigeria into deep borrowing with a callous return to pre-Paris Club era.

No thanks to the gullible fellows who voted a brain dead individual who belong to the 20th century to a leadership position in the digital age.

Wrong assumption, 10th-century bro.

crackerspub:


Wrong assumption, 10th-century bro.

The element time has passed and gone. But some brainwashed individuals still believe he has something to offer.

Someone who has not improved his own personal life since 1985 or the living condition of his 150 declared cows?

Imagine the reasoning of some Nigerian youths

Firefire:




The element time has passed and gone. But some brainwashed individuals still believe he has something to offer.

Someone who has not improved his own personal life since 1985?

Imagine the reasoning of some Nigerian youths

Zombies are better than Nigerian youths, more of the walking dead.

Celcius:
The Senate said, yesterday, that from all available indications and economic indicators, the executive may not be able to implement more than 50 per cent of 2017 budget, and would jerk the 2018 budget to N10 trillion.

Speaking in Abuja during the debate on the report of the implementation of the 2017 budget at plenary, Senate President, Dr Bukola Saraki, said since the executive might not implement more than 50 per cent of 2017 budget, the 2018 budget might be more than N10 trillion.

He said: “If the implementation of the 2017 budget is going to be 50 per cent, it means we should expect to have a budget of N10 trillion in 2018. I hope the executive takes note of that.”

The Senate also said there was no pending loan request currently before it, saying all requests from President Muhammadu Buhari were approved before the National Assembly embarked on its annual recess in July. The position of the Senate, yesterday, countered that of the Minister of Finance, Mrs Kemi Adeosun, over claims that the National Assembly was yet to approve President Buhari’s borrowing plans needed to fund capital projects in the 2017 budget.

Saraki said: “There is no request before us about borrowing we have not approved. We approved all the requests before we went on break. I needed to make this explanation because of what the Minister of Finance said, that the National Assembly is holding on to borrowing requests sent by the executive.” Insists on 50% implementation.

The Senate is also insisting that the implementation of 2017 budget must reach fifty percent completion before it would be rolled over to 2018 budget. This is part of recommendations contained in the report of the Committees on Appropriations and Finance, which recently invited Minister for Finance, Mrs Adeosun, and her Budget and National Planning counterpart, Senator Udoma Udo Udoma, to explain the level of implementation of 2017 budget. Indicts MDAs over non-remittance of revenues Meanwhile, the Senate has accused some Ministries, Departments and Agencies, MDAs, of the Federal Government of failure to remit revenues into the Federation Account.

Presenting the report of the committee, Senator Goje, who did not mention names of the MDAs, said the revenue leakages must be blocked and agencies involved sanctioned to guard against a repeat in the future.

Read more at: https://www.vanguardngr.com/2017/10/2018-budget-may-jerked-n10trn-senate/

chai!
we don enter am!

Buhari Government Is Failing Because There Is No Agenda

Yeradua has 7 point agenda as a master plan. the vision 2020.

Jonathan bring it down to 5 point agenda. but shortly after he won reelection is switch it to transformation agenda. transformation is not a key point agenda and one of the reasons he failed. he said he is transforming Nigeria.

while buhari agenda is to islamized Nigeria and create fulani supremacy one of the reasons this administrator is failing.

if a government have like 3 key point agenda. it will be easy and a road map on what to do.

e.g

1. power. 40% of the agenda ( then fixing electricity should be main priority of the administration. this should taken up 60% of the capital budgets for the first two years. and foreign direct investment on power to expand the industry

2. refinery. 20% of the agenda is to find lasting solution to importation of all oil product.


3. jobs employment. 20% of the agenda is to create jobs at all level.

than all other things will come under the reminding 20% of the agenda.

anything that is not on the agenda will have tk wait and be pending for next tenure or until they have reach some level of success from the 3 key point agenda.

by this there is already a drive. and what the administration is chasing after. at the end of the tenure you will see that you have achieved one or two thing atleast.

the federal government need to cut load from it shoulders to states. the load is too much and its not working.

Even if they roll it over. Where would they get the funding?