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Budget: FG Earmarks ₦100 Billion For 2023 Elections - Politics - Nairaland

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Budget: FG Earmarks ₦100 Billion For 2023 Elections by TheRareGem1(f): 2:49pm On Oct 06, 2021
Emerging reports indicate that FG has allocated the sum of N100 billion for the forthcoming general elections in 2023 The national budget for the economic year was also reportedly increased by N2.47 trillion to to N16.45 trillion The detailed expenditure was given and submitted to the House of Representatives by President Muhammadu Buhari for approval.

The federal government has reportedly set aside the sum of N100 billion for the conduct of the 2023 general elections. This new development was contained in the revised 2022-2024 Medium Term Expenditure Framework (MTEF), submitted to the House of Representatives by President Muhammadu Buhari for approval.

Legit.ng gathered that it has also increased the national budget for the fiscal year from N13.98 trillion to N16.45 trillion, indicating a raise of N2.47 trillion.

MTEF is an annual, rolling three year-expenditure planning that sets out the medium-term expenditure priorities and hard budget constraints against which sector plans can be developed and refined.

It also contains outcome criteria for the purpose of performance monitoring.

Recall that the House had recently passed the first one containing N13.98 trillion for the 2022 national budget.

But in a letter dated Saturday, October 2, 2021 addressed to the Speaker of the House, Femi Gbajabiamila, President Buhari said that the need to reflect the new fiscal terms in the Petroleum Industry Act (PIA) 2021, as well as other critical expenditures in the 2022 Budget necessitated the revision of MTEF.

Senate reveals when Buhari will present 2022 budget
Meanwhile, Legit.ng had earlier reported that, according to the Senate, President Muhammadu Buhari will be presenting the 2022 Appropriation Bill to a joint session of the National Assembly on Thursday, October 7.

Ovie Omo-Agege, the deputy Senate president, made this revelation during plenary on Tuesday, October 5.

Omo-Agege also disclosed to members of the National Assembly that the president has submitted the revised 2022-2024 Medium Term Expenditure Framework MTEF and Fiscal Strategy Paper (FSP).

From Obasanjo to Buhari: List of loans borrowed under Nigeria's 4 presidents
In other news, President Buhari recently stirred heated reactions from Nigerians when he tabled a fresh request for the approval of another set of loans before the Senate.

The Nigerian leader sought approval from the National Assembly to borrow $4,054,476,863.00, €710 million and a grant of $125 million.

Many Nigerians are against the borrowing spree of the current administration as it seeks to provide more infrastructure amid dwindling revenue.


https://www.legit.ng/1437358-breaking-fg-releases-how-much-2023-general-elections-will-cost.html

1 Like 1 Share

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by FalseProphet1(m): 3:07pm On Oct 06, 2021
There's not need for this cos there won't be any elections in 2023.

This I have seen.

14 Likes

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Tifesingz: 3:07pm On Oct 06, 2021
Baba steadily be eating our future and future future money.. some zombies go still dey hail am cos of 30k stipends!! Nigeria which way!! Ah this money loud!!

23 Likes

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by revived: 3:07pm On Oct 06, 2021
Eweeeeeeee grin grin
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Pabloosas(m): 3:07pm On Oct 06, 2021
shocked
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Nadaken: 3:07pm On Oct 06, 2021
For remote control
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Casamium: 3:07pm On Oct 06, 2021
embarassed
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by revived: 3:07pm On Oct 06, 2021
FalseProphet1:
sad


Onirikuri grin grin grin grin
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Philipponzaghi: 3:07pm On Oct 06, 2021
Jesu Kristi
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Johnkennie(m): 3:08pm On Oct 06, 2021
Jesuswept

1 Like

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by pepetua(m): 3:08pm On Oct 06, 2021
Chai, Naira no get respect again, I vividly remember in early 80's when I was in secondary school ,I used to put #20 naira note which is parts of my tuition fee in my see through shirt pocket and girls will be honoring me like queen Sheba of the bible paying homage to King Solomon but looks at today, so help us God.

3 Likes 1 Share

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by chidonweb(m): 3:08pm On Oct 06, 2021
All this money is a waste.
Simple technology would've saved us a lot of money

4 Likes

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Nobody: 3:08pm On Oct 06, 2021
Okay
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Eriokanmi: 3:08pm On Oct 06, 2021
Businessmen cum politicians grin. All these cruise wey una dey take us dey catch go soon end.
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Abujason: 3:08pm On Oct 06, 2021
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Pk01(m): 3:08pm On Oct 06, 2021
16trilllion What Apc... Na only God go judge this people......

7 Likes

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Kaymax2222: 3:08pm On Oct 06, 2021
Wow this is too much na considering the state of the economy, and electronic voting that will save them money they are not ready to consider that.... Nawa for this naija ooo
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by dallyemmy: 3:08pm On Oct 06, 2021
Wetin den put for health and education?
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by inoki247: 3:08pm On Oct 06, 2021
100 billion to elect another brand new failure...


Las Las Nigeria money go dey useless like the South Korean won...

5 Likes

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Temptee101(m): 3:10pm On Oct 06, 2021
shocked

Attributes of a failed nation.

Just imagine how much that is dissipated to elect thieves and rogues.

100 BILLION naira for an election that will eventually be rigged.

Top inec officials are already salivating.

This country is just so gone.

9 Likes 1 Share

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Ace16(m): 3:10pm On Oct 06, 2021
Na wa o.. this politicians are so inconsiderate.. they never consider the plight of Nigerians. NASS wen nor get sense will just rubber stamp..

1 Like

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Itopa10(m): 3:10pm On Oct 06, 2021
naija my kwantry I hail thee.
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by KennethMichael1: 3:10pm On Oct 06, 2021
Pepper
���
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by chrisxxx(m): 3:11pm On Oct 06, 2021
Call the results today. Share this money among states or use it to build factory in all the states it will be much appreciated than spending it in what all of us know is false.
Save the blood of Nigerians.
If majority of us are working we would not know when you rig the election. This is another good strategy to distract us and write any results you desire.

1 Like 1 Share

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by LucasMAGNA(m): 3:12pm On Oct 06, 2021
Election that is very likely going to be rigged. �
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Ayo2004: 3:14pm On Oct 06, 2021
WHY IS OUR HARD EARNED TAX MONEY GOING TO BE USED TO RIG AND VOTE IN LEADERS THAT WILL STILL LOOT ×5 OF THE MONEY?!

Democracy is the worst system of government to be practiced in this country

1 Like 1 Share

Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by bayelsaowei(m): 3:16pm On Oct 06, 2021
Ok...same election that will be rigged..
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Abokiijebu: 3:21pm On Oct 06, 2021
Out politicians are thieves,Election they will still manipulate againg? Oga oo. One Nigeria is an abomination.
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by Akwamkpuruamu: 3:27pm On Oct 06, 2021
Oh boy, see cash out ooo
Re: Budget: FG Earmarks ₦100 Billion For 2023 Elections by manuelkel(m): 3:27pm On Oct 06, 2021
Chai.

Nigeria which way?
Election wey dem go still rig.

2 Likes

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