… Asks NASS to approve N164 billion as Virement , Supplementary for 2019 Election
…Wants NASS to remove N228 bn from the inserted N578 bn in the 2018 budget for critical projects



ABUJA – ONE Month after the 2018 budget was signed into law by President Muhammadu Buhari, strong indications emerged yesterday that fresh crisis looms between the Executive and the legislative arm of government over the burning issue of insertion of N578bn into the N9.12trillion 2018 budget by the lawmakers.


In a letter to the Senate Tuesday, President Muhammadu Buhari has asked the National Assembly to remove a total of N228 billion as reinstatement from the inserted N578 billion in the 2018 budget to fund critical projects.

In a letter read yesterday at plenary by Senate President, Dr. Bukola Saraki, President Buhari told the Senators that not less than N242 billion would be required for the conduct of 2019 general and Presidential elections.

President Buhari in a letter sent to National Assembly dated July 11 which was addressed to Saraki, however explained that the Independent National Electoral Commission (INEC) and Security agencies have submitted their requests in preparation for 2019 general elections.

According to the President in the letter, a proposed sum of N164 billion should be provided for through virement or supplementary of the 2018 budget.

President Buhari in the letter seeking for Virement or Supplementary, explained that out of the proposed N242, 445, 322, 600.00 billion estimated funding of the 2019 general elections , N164.104billion should be appropriated for by the National Assembly through Virement while the balance of N78.340billon would be provided for in the 2019 budget provisions .

According to him, a total amount of N228, 864, 008, 215 billion was required to be vired from the N578bn inserted into the N9.12trillion 2018 budget by the National Assembly for the projected N164bn for election expenses this year and the balance of N64billions for restoration of votes into critical projects earlier removed by the federal lawmakers.

President Buhari in the letter explained further that the urgently needed N164bn for funding of the 2019 general elections are to be allocated as follows , INEC – N143,512,529,455.00 bn; N3,855,500,000 bn for the office of National Security Adviser; N2,903,638,000 for DSS ; N1,845,597,000 for the Nigeria Security and Civil Defence Corps , N11,457,417,432bn for the Nigeria Police Force and N530.1million for the Nigeria Immigration Service .

It would be recalled that President Buhari had last month while assenting to the N9.12 trillion 2018 budget , lamented that the National Assembly inserted a total of 1,403 new projects into the budget amounting to N578bn, just as he vowed to send an amendment/supplementary budget to the federal lawmakers for required remedies .

If the President’s request for N228bn virement is approved, it means that the balance of the inserted sum would be N350bn.

President Buhari’s letter is titled, “REQUEST FOR VlREMENT & SUPPLEMENTARY 2018 BUDGET”

Read more details below :
https://www.stainlessmedia.com.ng/2018/07/we-will-need-n242bn-for-2019-elections.html

Who else has his PVC dusted and ready to cast out the bad eggs come 2019?

No more talks!