The 2018 budget has just been signed by President Buhari some few hours ago today. In the midst of the celebrations and all, the president has expressed his displeasure at the way The National Assembly tampered with the budget proposal he sent them.

Below is his statement.

"I am however concerned about some of the changes The National Assembly has made to the budget proposals I presented.

The logic behind the Constitutional direction that budgets should be proposed by the Executive is that it is the Executive that knows & defines its policies & projects.

Unfortunately, that has not been given much regard in what has been sent to me.

The National Assembly made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.

Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation.

Some of the new projects inserted by the National Assembly have not been properly conceptualized, designed and costed and will, therefore, be difficult to execute.

Such examples of projects from which cuts were made are as follows:

1.) At a time when we are working with Labour to address compensation-related issues, a total of 5 billion Naira was cut from the provisions for Pension Redemption Fund and Public Service Wage Adjustment.

2.) The provision for Construction of the Terminal Building at Enugu Airport was cut from 2 billion Naira to 500 million Naira, which will further delay the completion of this critical project.

3.) The Take-off Grant for the Maritime University in Delta State, a key strategic initiative of the Federal Government, was cut from 5 billion Naira to 3.4 billion Naira.

4.) About seventy (70) new road projects have been inserted into the budget of the Federal Ministry of Power, Works, and Housing.

In doing so, The National Assembly applied some of the additional funds expected from the upward review of the oil price benchmark to the Ministry’s vote.

5.) Another area of concern is the increase by The National Assembly of the provisions for Statutory Transfers by an aggregate of 73.96 billion Naira. Most of these increases are for recurrent expenditure at a time we are trying to keep down the cost of governance.

An example of this increase is the budget of the National Assembly itself which has increased by 14.5 billion Naira, from 125 billion Naira to 139.5 billion Naira without any discussion with the Executive.

Notwithstanding the above-stated observations, I have decided to sign the 2018 Budget in order not to further slow down the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget."


What do you make of these? Is the National Assembly right to tamper with the budget proposal the way they did?

Please share your thoughts.

Nothing but the money

It is all about the money for some people.

However, for Buhari, it is all about doing good and delivering the best service ever

He exposed the real thieves. Good for them. President Buhari has exposed the real thieves.

Timibabaj:
The 2018 budget has just been signed by President Buhari some few hours ago today. In the midst of the celebrations and all, the president has expressed his displeasure at the way The National Assembly tampered with the budget proposal he sent them.

Below is his statement.

"I am however concerned about some of the changes The National Assembly has made to the budget proposals I presented.

The logic behind the Constitutional direction that budgets should be proposed by the Executive is that it is the Executive that knows & defines its policies & projects.

Unfortunately, that has not been given much regard in what has been sent to me.

The National Assembly made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.

Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation.

Some of the new projects inserted by the National Assembly have not been properly conceptualized, designed and costed and will, therefore, be difficult to execute.

Such examples of projects from which cuts were made are as follows:

1.) At a time when we are working with Labour to address compensation-related issues, a total of 5 billion Naira was cut from the provisions for Pension Redemption Fund and Public Service Wage Adjustment.

2.) The provision for Construction of the Terminal Building at Enugu Airport was cut from 2 billion Naira to 500 million Naira, which will further delay the completion of this critical project.

3.) The Take-off Grant for the Maritime University in Delta State, a key strategic initiative of the Federal Government, was cut from 5 billion Naira to 3.4 billion Naira.

4.) About seventy (70) new road projects have been inserted into the budget of the Federal Ministry of Power, Works, and Housing.

In doing so, The National Assembly applied some of the additional funds expected from the upward review of the oil price benchmark to the Ministry’s vote.

5.) Another area of concern is the increase by The National Assembly of the provisions for Statutory Transfers by an aggregate of 73.96 billion Naira. Most of these increases are for recurrent expenditure at a time we are trying to keep down the cost of governance.

An example of this increase is the budget of the National Assembly itself which has increased by 14.5 billion Naira, from 125 billion Naira to 139.5 billion Naira without any discussion with the Executive.

Notwithstanding the above-stated observations, I have decided to sign the 2018 Budget in order not to further slow down the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget."


What do you make of these? Is the National Assembly right to tamper with the budget proposal the way they did?

Please share your thoughts.

The youths whose future is at stake won't comment. Very soon the young mods will remove this important topic from front page, then replace it with news of one politician roasting corn, or even frying beans, and before you know it, the useless post will get 2000comments, 1000likes,and 500share from the youths within 5seconds of releasing the useless post.

Good thing President Buhari exposed the lawmakers' shenanigans. They won't spoil Buhari's good works

Timibabaj:
The 2018 budget has just been signed by President Buhari some few hours ago today. In the midst of the celebrations and all, the president has expressed his displeasure at the way The National Assembly tampered with the budget proposal he sent them.

Below is his statement.

"I am however concerned about some of the changes The National Assembly has made to the budget proposals I presented.

The logic behind the Constitutional direction that budgets should be proposed by the Executive is that it is the Executive that knows & defines its policies & projects.

Unfortunately, that has not been given much regard in what has been sent to me.

The National Assembly made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.

Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation.

Some of the new projects inserted by the National Assembly have not been properly conceptualized, designed and costed and will, therefore, be difficult to execute.

Such examples of projects from which cuts were made are as follows:

1.) At a time when we are working with Labour to address compensation-related issues, a total of 5 billion Naira was cut from the provisions for Pension Redemption Fund and Public Service Wage Adjustment.

2.) The provision for Construction of the Terminal Building at Enugu Airport was cut from 2 billion Naira to 500 million Naira, which will further delay the completion of this critical project.

3.) The Take-off Grant for the Maritime University in Delta State, a key strategic initiative of the Federal Government, was cut from 5 billion Naira to 3.4 billion Naira.

4.) About seventy (70) new road projects have been inserted into the budget of the Federal Ministry of Power, Works, and Housing.

In doing so, The National Assembly applied some of the additional funds expected from the upward review of the oil price benchmark to the Ministry’s vote.

5.) Another area of concern is the increase by The National Assembly of the provisions for Statutory Transfers by an aggregate of 73.96 billion Naira. Most of these increases are for recurrent expenditure at a time we are trying to keep down the cost of governance.

An example of this increase is the budget of the National Assembly itself which has increased by 14.5 billion Naira, from 125 billion Naira to 139.5 billion Naira without any discussion with the Executive.

Notwithstanding the above-stated observations, I have decided to sign the 2018 Budget in order not to further slow down the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget."


What do you make of these? Is the National Assembly right to tamper with the budget proposal the way they did?

Please share your thoughts.