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Hmmm The Return Budget Thing Does Not Add Up.. Help Me Abeg.. - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsHmmm The Return Budget Thing Does Not Add Up.. Help Me Abeg.. (639 Views)

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Hmmm The Return Budget Thing Does Not Add Up.. Help Me Abeg.. by urboy1(op): 11:09am On Apr 10, 2016
So I see many writing about the return of the budget and are blaming the NASS.. to me it does not ADD up...

On the 23 of March, the senate returned the budget... N17Billion less...from the initial N6.077trn presented to the federal parliament by President Muhammadu Buhari on December 23, 2015, to N6.060trn, a difference of N17bn..

So, how come a project worth 60Billion naira was scraped and its not reflected on the budgethuh where did the N43B go to?? it just does not add up...

Not just that, more projects were also allegedly omitted.. probably to the sum of 20 more billion naira.. why isnt that reflected on the budget..

Given that the senate are not allowed to reshuffle the budget, how come the difference is not 97Billion nairahuh

My thoughts are these projects were not in the budget to begin with..
Infact, I am confused!!!
Re: Hmmm The Return Budget Thing Does Not Add Up.. Help Me Abeg.. by Nobody: 11:12am On Apr 10, 2016
they use dem to pad constituency projects
Re: Hmmm The Return Budget Thing Does Not Add Up.. Help Me Abeg.. by urboy1(op): 11:15am On Apr 10, 2016
But are they allowed to edit and redo the budget?? i thought their work was to remove unnecessary projects or rather reduce the amount on projects with bogus amounts......
tuale4u:
they use dem to pad constituency projects
Re: Hmmm The Return Budget Thing Does Not Add Up.. Help Me Abeg.. by oloriooko(m): 11:29am On Apr 10, 2016
How can the senate do anything reasonable with the budget when saraki is busy dodging cct and panama papers bullets while the president is already out of nigeria even b4 leaving
Nigeria is in deep shit
Re: Hmmm The Return Budget Thing Does Not Add Up.. Help Me Abeg.. by urboy1(op): 7:24pm On Apr 10, 2016
Guess I was right after all...
Abdulmumin Jibrin…Member House of Reps & Chairman House Committee on Appropriation, public finance Tweets as follows:

● Lagos-Calabar Railway line was NEVER captured in the budget that was sent by the Executive. How then could it have been removed by NASS?

● I actually find it shocking that even some National Dailies made the removal their headlines. A little research would would have helped.

● All they, and those spreading the false information needed to have done is check the initial document sent by the Executive.

● Lagos-Calabar Rail was never included. How could NASS have removed what was not there? But the nation is being misled.

● The NASS has always been on the receiving end of bad press. This is being capitalised on in the conversations on #Budget2016

● This is unfortunate as it is quite clear to all and sundry that #Budget2016 and all its headaches and controversies didn’t emanate from NASS

● Take the budget of the ministry of Transportation was overshot by N54b. That is, by the time you add up the items on the ministry’s budget…

● …you’d still have a gap of N54b. N54billion lying there without being allocated. NASS has a responsibility and here it did the right thing

● What NASS did with the N54billion; We added N39.7b to the Lagos-Kano Rail project. This will help complete the project once and for all.

● We also allocated N10b of this sum to the airports’ navigation and security apparatus.
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