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Senate Passes ₦4.8T For 2012 Budget - Politics - Nairaland

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Senate Passes ₦4.8T For 2012 Budget by mukina2: 3:32pm On Mar 15, 2012
The Senate has passed the sum of N4, 877, 209, 156, 933 for the 2012 budget at the plenary on Thursday.
The 2012 budget was increased to this figure from the original N4.6 trillion sent to the National Assembly by President Goodluck Jonathan to accommodate the SURE program while the sum of N888 billion was appropriated for fuel subsidy.
The initial budget had no provision for fuel subsidy following the removal of the subsidy on January 1. But days of widespread protests and industrial action called by the labour union, made the federal government return a partial sum for the fuel subsidy.
The chairman Senate committee on Appropriation, Senator Ahmad Maccido, told journalists that the budget for the Nigerian National Petroleum Company (NNPC) was included in the budget while that of the Central Bank of Nigeria (CBN) budget was left out in the 2012 budget.
According to the Senate spokesman, Senator Enyinaya Abaribe, “the CBN governor is hiding under the CBN act but the Fiscal Responsibility Act stipulates that budgets from all government agencies should be scrutinized by the national assembly.”
He noted that the problem with the CBN budget is a legal matter which the National Assembly would take up.

http://www.channelstv.com/home/2012/03/15/senate-passes-n4-8billion-for-2012-budget/?utm_source=&utm_medium=twitter

1 Like

Re: Senate Passes ₦4.8T For 2012 Budget by Joey82(m): 3:36pm On Mar 15, 2012
@mukina, i think the budget is in trillions and not billions as u stated on the front page.
Re: Senate Passes ₦4.8T For 2012 Budget by mkmyers45(m): 3:49pm On Mar 15, 2012
Why did they increase the budget further? How much will be borrowed to finance this 4.8T budget? What fiscal framework is in place to ensure money is used well and we cut down on fund usage?
Re: Senate Passes ₦4.8T For 2012 Budget by Ournaija: 3:56pm On Mar 15, 2012
Can we have a break down of the budget?
Re: Senate Passes ₦4.8T For 2012 Budget by purplekayc(m): 4:02pm On Mar 15, 2012
How much is this figure in dollars?
Re: Senate Passes ₦4.8T For 2012 Budget by lilliesonwater: 4:07pm On Mar 15, 2012
How much is this figure in dollars?


you can as well get that yourself by dividing the amount by 160! simple!!!
Re: Senate Passes ₦4.8T For 2012 Budget by niddamugu(m): 4:09pm On Mar 15, 2012
What's my share in this appropriation? That is my concern.
Re: Senate Passes ₦4.8T For 2012 Budget by Iolo(m): 4:14pm On Mar 15, 2012
Ournaija: Can we have a break down of the budget?

Here you go:


http://www.budgetoffice.gov.ng/revised_2012_budget_proposal.html
Re: Senate Passes ₦4.8T For 2012 Budget by Ournaija: 4:20pm On Mar 15, 2012
Iolo:

Here you go:


http://www.budgetoffice.gov.ng/revised_2012_budget_proposal.html


Thanks man, I have seen something that interest me. Let me have a closer look.
Re: Senate Passes ₦4.8T For 2012 Budget by IRAPADA(m): 4:24pm On Mar 15, 2012
Hw much is these amount in dollars
Re: Senate Passes ₦4.8T For 2012 Budget by Nobody: 5:34pm On Mar 15, 2012
Oya dem don pass am make we see wetin dem go use am do_stupid politicians dis country is so annoyin_
Re: Senate Passes ₦4.8T For 2012 Budget by Lollysbride: 5:54pm On Mar 15, 2012
Iolo:

Here you go:


http://www.budgetoffice.gov.ng/revised_2012_budget_proposal.html

Thanks a lot.[img]http://www.demama.info/hjk[/img]
Re: Senate Passes ₦4.8T For 2012 Budget by Iolo(m): 5:54pm On Mar 15, 2012
Ournaija:

Thanks man, I have seen something that interest me. Let me have a closer look.

Ur welcome bro. There's indeed a lot to look @.
Re: Senate Passes ₦4.8T For 2012 Budget by Adjunct: 6:19pm On Mar 15, 2012
Please, how soon can the execution of the budget start? It has really crippled the activities of my company which is 90% dependent on a Ministry
Re: Senate Passes ₦4.8T For 2012 Budget by nasty45(m): 6:19pm On Mar 15, 2012
I sure say our subsidy money wey we don use buy fuel ds few months de among that money.MTCHEW
Re: Senate Passes ₦4.8T For 2012 Budget by Piyke: 7:17pm On Mar 15, 2012
N888 billion for fuel subsidy? undecided. I thought Tam David west said this amount can get us 4 new refineries.
Re: Senate Passes ₦4.8T For 2012 Budget by demmy07: 7:35pm On Mar 15, 2012
my people are still suffering and smiling

see mikeadenuga.com
Re: Senate Passes ₦4.8T For 2012 Budget by billyG(m): 11:20pm On Mar 15, 2012
ALL my people dey inside Bus suffering & smilling,99% standing & suffering,1% sitting & smilling!them go reach house wey water no dey!dem go reach house wey food no dey! dem go live for house wey power no dey!dem go reach road wey go slow dey!dem go sleep for bed with eyes wey no won close! go go clinic wey drug no dey!dem go look pocket money no dey!dem go go to church wey Bomb dey wait!dem go live for place wey terrorist(BH)dey!dem go go school wey lecturer dey strike!my people watin we no go hear!dem go pass Big Budget but problems still dey! every year na the same thing!Me i say every year the same thing!tarra rara : cry cry cry cry cry cry[b][/b]
Re: Senate Passes ₦4.8T For 2012 Budget by gene1(m): 12:10am On Mar 16, 2012
Best Job opportunities? look no further...

Re: Senate Passes ₦4.8T For 2012 Budget by moshoodn(m): 3:52am On Mar 16, 2012
Piyke: N888 billion for fuel subsidy? undecided. I thought Tam David west said this amount can get us 4 new refineries.
:-( money decadence
Re: Senate Passes ₦4.8T For 2012 Budget by wuwu(m): 7:49am On Mar 16, 2012
Nigeria's situation is far of asking d break down of d budget..even if we were given a break down wat will we do abt it?jst let's kip watching dem I kst believe dat their wil be a day uprising will be out portion in dis country it would be a surprising tin to our leaders..and they will definitely pay for it cos we would start from burning their properties one after d oda..
Re: Senate Passes ₦4.8T For 2012 Budget by nasty45(m): 1:02pm On Mar 16, 2012
Piyke: N888 billion for fuel subsidy? undecided. I thought Tam David west said this amount can get us 4 new refineries.
my bro i tired oh.i weep 4 naija.TUFIAKWA

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