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2018 Budget : The Proposed Versus The Approved- Pictures - Politics - Nairaland

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2018 Budget : The Proposed Versus The Approved- Pictures by iko123: 6:36am On Jun 22, 2018
Here are the changes from what was Proposed and what we now have as the 2018 budget.

http://www.currentgist.com.ng/2018/06/2018-budget-proposed-versus-approved.html?m=1

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by seunmsg(m): 6:50am On Jun 22, 2018
For the first time, the office of the Auditor General for the federation was given a fairly good allocation. Over N5billion in all. I commend the national assembly for this.

7 Likes

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by iammo(m): 6:59am On Jun 22, 2018
8th National Assembly really muscling the executives, I like the boldness but I only wish it was to foster positivity

6 Likes

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by OBAGADAFFI: 7:44am On Jun 22, 2018
Most of the allocations to the executive were increase, contrary to what PMB told us.

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Re: 2018 Budget : The Proposed Versus The Approved- Pictures by OBAGADAFFI: 7:47am On Jun 22, 2018
Somebody should send this to front page

1 Like

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by kimjongJezebel: 7:50am On Jun 22, 2018
OBAGADAFFI:
Most of the allocations to the executive were increase, contrary to what PMB told us.

I thought I was the only one that noticed that. Nigerians are the most gullible people on earth. Whatever the lying executive headed by Mohammedu Buhari told them they believe without asking questions. I didn't know The presidency and executive budget in general was increased until I saw this but he cleverly left it but blame those of the National Assembly in his speech. Buhari is a fraud and very deceitful

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Re: 2018 Budget : The Proposed Versus The Approved- Pictures by adedayoa2(f): 7:52am On Jun 22, 2018
seunmsg:
For the first time, the office of the Auditor General for the federation was given a fairly good allocation. Over N5billion in all. I commend the national assembly for this.
chai, the money still small sha, makes me wonder if there's hope for the signing of the bill.
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by gratiaeo(m): 7:54am On Jun 22, 2018
Why is Buhari not complaining hike on presidency allocation

3 Likes 1 Share

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by dplordx(m): 8:04am On Jun 22, 2018
Ok oh
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by seunmsg(m): 8:40am On Jun 22, 2018
adedayoa2:
chai, the money still small sha, makes me wonder if there's hope for the signing of the bill.

It is a very significant improvement compared to where we are coming from. We couldn't even get N3b last year and now we are a little over N5billion. Not bad if you ask me.
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by obailala(m): 8:58am On Jun 22, 2018
OBAGADAFFI:
Most of the allocations to the executive were increase, contrary to what PMB told us.

kimjongJezebel:


I thought I was the only one that noticed that. Nigerians are the most gullible people on earth. Whatever the lying executive headed by Mohammedu Buhari told them they believe without asking questions. I didn't know The presidency and executive budget in general was increased until I saw this but he cleverly left it but blame those of the National Assembly in his speech. Buhari is a fraud and very deceitful

Did PMB mention anywhere that budget to the presidency was reduced?... I dont know, just asking, it would be nice if you guys can provide a link to validate your comments above.

20 Likes 2 Shares

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by kimjongJezebel: 9:14am On Jun 22, 2018
obailala:




Did PMB mention anywhere that budget to the presidency was reduced?... I dont know, just asking, it would be nice if you guys can provide a link to validate your comments above.


Go and read the President's speech when signing the 2018 Appropriation Bill into law. Read the speech line by line

4 Likes

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by ogaJona(m): 9:50am On Jun 22, 2018
this country don cast beyond repair I swear
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by TonyeBarcanista(m): 10:04am On Jun 22, 2018
seunmsg:


It is a very significant improvement compared to where we are coming from. We couldn't even get N3b last year and now we are a little over N5billion. Not bad if you ask me.
I see that you are working in the office of the Auditor General of the federation.

Now you are happy because you guys got "improved" allocation and you termed it "fair". This is same way Legislators "improve" on theirs, which to them is "fair" but to us is padding.

This goes to show that everyone is interested of an improved deal for what affects him directly (or indirectly)...

25 Likes 2 Shares

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by obailala(m): 10:28am On Jun 22, 2018
kimjongJezebel:

Go and read the President's speech when signing the 2018 Appropriation Bill into law. Read the speech line by line
Out of curiosity, I actually did as you said, I went back and read through the entire budget signing speech but still couldn't spot where the president complained that the presidency budget was reduced; I could only see examples of strategic capital projects whose budgets were reduced.

It's beginning to seem like the act of just raising blank accusations and then proceeding to unleash insults based on a false premise (all for 'likes' and praise) is the latest 'honourable' culture amongst Nigerian youths?... Just in case I'm wrong, I've quoted the entire speech below; can you kindly point out the line where the president said the budget to presidency was cut?

@OBAGADAFFI, you could also kindly help your friend to point out the line...

SPEECH BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA, AT THE SIGNING INTO LAW, THE 2018 APPROPRIATION BILL, PRESIDENTIAL VILLA, ABUJA,

WEDNESDAY, JUNE 20, 2018

PROTOCOLS

I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and Honourable Members, for passing the 2018 Appropriation Bill, after seven months.

2. When I submitted the 2018 Budget proposals to the National Assembly on 7th November 2017, I had hoped that the usual legislative review process would be quick, so as to move Nigeria towards a predictable January-December financial year. The importance of this predictability cannot be overemphasized.

3. While the Federal Government’s budget represents less than 10% of aggregate yearly expenditures in the economy, it has a very significant accelerator effect on the financial plans of other tiers of government, and even more importantly, the private sector, which mostly operates on a January-December financial year.

4. Notwithstanding the delay this year, I am determined to continue to work with the National Assembly towards improving the budgeting process and restoring our country to the January-December fiscal cycle.

5. I note, with pleasure, that the National Assembly is working on the enactment of an Organic Budget Law, so as to improve the efficiency of the nation’s budgetary process.

6. As I mentioned during the presentation of the 2018 Appropriation Bill, we intend to use the 2018 Budget to consolidate the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2017-2020.

7. It is in this regard that I am concerned about some of the changes that the National Assembly has made to the budget proposals that I presented. The logic behind the Constitutional direction that budgets should be proposed by the Executive is that, it is the Executive that knows and defines its policies and projects.

8. Unfortunately, that has not been given much regard in what has been sent to me. The National Assembly made cuts amounting to 347 billion Naira in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to 578 billion Naira.

9. 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.

10. Furthermore, many of these new projects introduced by the National Assembly have been added to the budgets of most MDAs with no consideration for institutional capacity to execute them or the incremental recurrent expenditure that may be required.

11. As it is, some of these projects relate to matters that are the responsibility of the States and Local Governments, and for which the Federal Government should therefore not be unduly burdened.

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

a. The provisions for some nationally/regionally strategic infrastructure projects such as Counter-part funding for the Mambilla Power Plant, Second Niger Bridge/ancillary roads, the East-West Road, Bonny-Bodo Road, Lagos-Ibadan Expressway and Itakpe-Ajaokuta Rail Project were cut by an aggregate of 11.5 billion Naira.

b. Similarly, provisions for some ongoing critical infrastructure projects in the FCT, Abuja especially major arterial roads and the mass transit rail project, were cut by a total of 7.5 billion Naira.

c. The provision for Rehabilitation and Additional Security Measures for the United Nations Building by the FCT, Abuja was cut by 3.9 billion Naira from 4 billion Naira to 100 million Naira; this will make it impossible for the Federal Government of Nigeria to fulfill its commitment to the United Nations on this project.

d. The provisions for various Strategic Interventions in the health sector such as the upgrade of some tertiary health institutions, transport and storage of vaccines through the cold chain supply system, provision of anti-retroviral drugs for persons on treatment, establishment of chemotherapy centres and procurement of dialysis consumables were cut by an aggregate amount of 7.45 billion Naira.

e. The provision for security infrastructure in the 104 Unity Schools across the country were cut by 3 billion Naira at a time when securing our students against acts of terrorism ought to be a major concern of government.

f. The provision for the Federal Government’s National Housing Programme was cut by 8.7 billion Naira.

g. 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.

h. The provisions for Export Expansion Grant (EEG) and Special Economic Zones/Industrial Parks, which are key industrialization initiatives of this Administration, were cut by a total of 14.5 billion Naira.

i. 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.

j. 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.

k. 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. Regrettably, however, in order to make provision for some of the new roads, the amounts allocated to some strategic major roads have been cut by the National Assembly.

13. 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.

14. 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.

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

16. However, it is my intention to seek to remedy some of the most critical of these issues through a supplementary and/or amendment budget which I hope the National Assembly will be able to expeditiously consider.

17. I am pleased with the success recorded in the implementation of the 2017 Budget. A total sum of 1.5 trillion Naira has been released for the implementation of capital projects during the 2017 fiscal year. In response to this and other policy measures implemented, we have observed significant improvement in the performance of the Nigerian economy.

18. To achieve the laudable objectives of the 2018 Budget, we will work very hard to generate the revenues required to finance our projects and programmes. The positive global oil market outlook, as well as continuing improvement in non-oil revenues, make us optimistic about our ability to finance the budget.

19. However, being a deficit budget, the Borrowing Plan will be forwarded to the National Assembly shortly. I crave the indulgence of the National Assembly for a speedy consideration and approval of the Plan.

20. The 2018 Budget I have just signed into law provides for aggregate expenditures of 9.12 trillion Naira, which is 22.6% higher than the 2017 Appropriation. Further details of the approved budget will be provided by the Minister of Budget and National Planning.

21. I thank the Ministers of Budget and National Planning, the Budget Office of the Federation, and everyone who worked tirelessly and sacrificed so much to bring us to this day. However, the job is only partly done.

22. I am sure you will remain committed to advancing our Change Agenda, not only in the preparation of the national budget but also in ensuring its effective implementation.

I thank you and may God bless Nigeria.

http://punchng.com/president-buharis-speech-at-the-signing-of-2018-budget-into-law/

15 Likes 3 Shares

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by seunmsg(m): 10:38am On Jun 22, 2018
TonyeBarcanista:

I see that you are working in the office of the Auditor General of the federation.

Now you are happy because you guys got "improved" allocation and you termed it "fair". This is same way Legislators "improve" on theirs, which to them is "fair" but to us is padding.

This goes to show that everyone is interested of an improved deal for what affects him directly (or indirectly)
...


Before nko? grin grin grin

But seriously, the office of the Auditor General had been seriously underfunded in the past with the intention of hampering the office from adequately carrying out its constitutional duties. Even the current N5billion is extremely inadequate to audit a federal budget of N9trillion and carry out periodic checks on agencies that are not captured in the federal budget. In most developed countries, the supreme audit institutions usually charge between 1-2% of the national budget figure as audit fees.

So in our case, we have a legitimate reason to demand for improve funding in order to be able to carry out in depth audit of the country's finances and help to reduce corruption. In the case of NASS, greediness and corruption is the motivating factor. There is absolutely nothing fair in cutting funding for critical infrastructure and diverting the funds to purchasing of okada, sewing machines, provision of VIP toilets etc.

2 Likes

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by enm(m): 10:49am On Jun 22, 2018
obailala:

Out of curiosity, I actually did as you said, I went back and read through the entire budget signing speech but still couldn't spot where the president complained that the presidency budget was reduced; I could only see examples of strategic capital projects whose budgets were reduced.

It's beginning to seem like the act of just raising blank accusations and then proceeding to unleash insults based on a false premise (all for 'likes' and praise) is the latest 'honourable' culture amongst Nigerian youths?... Just in case I'm wrong, I've quoted the entire speech below; can you kindly point out the line where the president said the budget to presidency was cut?

@OBAGADAFFI, you could also kindly help your friend to point out the line...


14. 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.


That's your answer there. He shouldn't have just cite that of the national assembly own only, out of fairness he suppose to make known that of the presidency too to balance the equation.

Now everybody is attacking and insulting the national assembly and am very pretty sure that increase were not arbitrarily made by the national assembly but in conjunction with the executive. Let look beyond politics .

11 Likes

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by obailala(m): 11:00am On Jun 22, 2018
enm:


14. 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.


That's your answer there. He shouldn't have just cite that of the national assembly own only, out of fairness he suppose to make known that of the presidency too to balance the equation.

Now everybody is attacking and insulting the national assembly and am very pretty sure that increase were not arbitrarily made by the national assembly but in conjunction with the executive. Let look beyond politics .
Oh okay.. now we are landing there... grin

It's no longer a case of "Buhari lied that presidency budget was reduced"? the narrative is now "Buhari only mentioned a N14.5billion increase in NASS budget, he didn't mention in his letter that some presidency items were increased"...

You guys are just funny; is it a crime if you just say the simple truth while you play your opposition?

And by the way, did Buhari beg anybody to increase his presidency budget?.... This is like a thief who after a robbery, throws some pack of groundnuts over the fence of the police chief. After being arrested, he's now saying, "but I gave some of the loot to the police so the police should be blamed too." What sort of clownish defense is that? undecided

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Re: 2018 Budget : The Proposed Versus The Approved- Pictures by theenchanter: 11:20am On Jun 22, 2018
I thought only credible informations can pass d test of making front page but I was amazed how this thread made front page despite d fact it doesn't give full details.
https://www.nairaland.com/4575921/projects-inserted-into-2018-budget

Nigerians are gullible n will absorb every information given to them without researching its genuineness.

cc. Mynd44 and Lalasticlala.

I believe this thread deserves FP n not that, thanks.
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by enm(m): 11:50am On Jun 22, 2018
obailala:
Oh okay.. now we are landing there... grin

It's no longer a case of "Buhari lied that presidency budget was reduced"? the narrative is now "Buhari only mentioned a N14.5billion increase in NASS budget, he didn't mention in his letter that some presidency items were increased"...

You guys are just funny; is it a crime if you just say the simple truth while you play your opposition?

And by the way, did Buhari beg anybody to increase his presidency budget?.... This is like a thief who after a robbery, throws some pack of groundnuts over the fence of the police chief. After being arrested, he's now saying, "but I gave some of the loot to the police so the police should be blamed too." What sort of clownish defense is that? undecided

First all the presidency budget was not reduced.
And 2, you ask a question and i help provide an answer. Is it a crime to do so? Well how you wish to twist my answer is yours and yours only prerogative but when doing it think of the legacy it will created for those coming after us.

If after a robbery and the thief decided to throw some pack over the fence to the police chief and the police chief did nothing about it but take action after the arrest of the thief, is that not damage control? Why didn't he raise alarm when the budget was being debit here and credit here? Do you want me to believe that the presidency have no knowledge of what was happening to the budget in the national assembly? Let assume president Buhari was not aware, why didn't he reject it and return it to them drawing the attention of Nigerian to his worry or complaints? Let assume that for the sake of the economy of the nation he signed the budget, is it fair and just to not make known that of the presidency when he make known that of the national assembly?

My brother look closer with a clear eyes, ask the right questions and pertinent ones, defend what is right not just right but moral by so doing this country will be better for it.

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Re: 2018 Budget : The Proposed Versus The Approved- Pictures by OBAGADAFFI: 12:02pm On Jun 22, 2018
enm:


First all the presidency budget was not reduced.
And 2, you ask a question and i help provide an answer. Is it a crime to do so? Well how you wish to twist my answer is yours and yours only prerogative but when doing it think of the legacy it will created for those coming after us.

If after a robbery and the thief decided to throw some pack over the fence to the police chief and the police chief did nothing about it but take action after the arrest of the thief, is that not damage control? Why didn't he raise alarm when the budget was being debit here and credit here? Do you want me to believe that the presidency have no knowledge of what was happening to the budget in the national assembly? Let assume president Buhari was not aware, why didn't he reject it and return it to them drawing the attention of Nigerian to his worry or complaints? Let assume that for the sake of the economy of the nation he signed the budget, is it fair and just to not make known that of the presidency when he make known that of the national assembly?

My brother look closer with a clear eyes, ask the right questions and pertinent ones, defend what is right not just right but moral by so doing this country will be better for it.

Just ignore the guy.

2 Likes

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by obailala(m): 12:04pm On Jun 22, 2018
enm:


First all the presidency budget was not reduced.
And 2, you ask a question and i help provide an answer. Is it a crime to do so? Well how you wish to twist my answer is yours and yours only prerogative but when doing it think of the legacy it will created for those coming after us.
The people I quoted claimed Buhari was a fraudulent liar for claiming that presidency budget was reduced whrn in fact, the presidency budget was increased. I simply threw a queztion to them to point out where the president mentioned that presidency budget was reduced. You then responded by saying the president kept quiet about the increase in presidency budget; maybe you should have been more attentive, cos you obviously changed the argument to another issue.

If after a robbery and the thief decided to throw some pack over the fence to the police chief and the police chief did nothing about it but take action after the arrest of the thief, is that not damage control? Why didn't he raise alarm when the budget was being debit here and credit here? Do you want me to believe that the presidency have no knowledge of what was happening to the budget in the national assembly? Let assume president Buhari was not aware, why didn't he reject it and return it to them drawing the attention of Nigerian to his worry or complaints? Let assume that for the sake of the economy of the nation he signed the budget, is it fair and just to not make known that of the presidency when he make known that of the national assembly?

My brother look closer with a clear eyes, ask the right questions and pertinent ones, defend what is right not just right but moral by so doing this country will be better for it.
The president did not ask the NASS to alter the budget, and the president reserves the right to be disappointed by the NASS for adding over 6000 mushroom useless projects to the budget costing over N800billion even whilst they cut out valuable sums from key capital projects.

I see your desperation to also ascribe some blame to the president as is always the case in everything in Nigeria, but that attempt is dead on arrival and laughable. Once again, the president did not ask the NASS to add any kobo to presidency's budget.

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Re: 2018 Budget : The Proposed Versus The Approved- Pictures by Blackfire(m): 12:11pm On Jun 22, 2018
Buhari come here , so you and your goons in the executive increase your own cake...



Oya saraki and co dey go you no guilty again.
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by Nobody: 4:49pm On Jun 22, 2018
2018 budget wen half of the year is gone, wat a country
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by Badgers14: 4:50pm On Jun 22, 2018
N435 billion for education but our school system is rubbish even after paying all those fees shocked
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by bewla(m): 4:53pm On Jun 22, 2018
y
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by Constie(f): 4:53pm On Jun 22, 2018
Very good...


smiley
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by modath(f): 4:54pm On Jun 22, 2018
iammo:
8th National Assembly really muscling the executives, I like the boldness but I only wish it was to foster positivity

You gerrit....
It's not for national good, it's just power play , to ensure the executive doesn't have much going for them..
Buhari next time will be wise & allow people wey sabi pass am advise am, Saraki as SP should never have happened... Not in his favour .

5 Likes 1 Share

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by OmerianConsult: 4:57pm On Jun 22, 2018
What effect will this have on the populace?
Re: 2018 Budget : The Proposed Versus The Approved- Pictures by abc115: 5:00pm On Jun 22, 2018
“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.”

1 Like

Re: 2018 Budget : The Proposed Versus The Approved- Pictures by coolexy2: 5:01pm On Jun 22, 2018
All I can say here are; God bless Nigeria
God help Nigerians ....

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