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Saturday 30 April 2016

2016 National Budget of Buhari May be Ready Soon...Read New Development

The reconciliation committee of the National Assembly on the 2016 budget may return the corrected details of the appropriation bill to President Muhammadu Buhari on Saturday (today), findings revealed on Friday.


The committee is chaired by the Deputy Speaker of the House of Representatives, Mr. Suleiman Lasun.

A second committee from the side of the executive is chaired by the Minister of Budget and National Planning, Udoma Udo Udoma.

Investigations by Saturday PUNCH revealed that the two committees would meet, fine-tune the details of the budget and forward it to Buhari possibly today.

The President and the leadership of the National Assembly had agreed to set up the committees after a brief meeting on Wednesday night in Abuja to reconcile the “grey areas” in the N6.06tn budget.

The Senate President, Dr. Bukola Saraki, and the Speaker of the House of Representatives, Mr. Yakubu Dogara, as well as the principal officers of both chambers attended the meeting, which was held at the Presidential Villa, Abuja.

Some senior officials of the National Assembly confided in Saturday PUNCH on Friday that the members of the Lasun committee worked all night on Thursday in a bid to speed up the reworking of the budget’s details.

“The Deputy Speaker and the other committee members slept at the secretariat on Thursday.

“They will likely sleep there today again (Friday) because their plan is to ensure that the budget details, as corrected, will reach Mr. President on Saturday,”
 one of the officials stated.

It was gathered that some members of the Senate and House Committees on Appropriations, which created the “distortions” in the first place, marveled at the work pace of the reconciliation committee.

It was learnt that among the grey areas, which would now be deleted from the budget, were the N40bn lawmakers added to the original vote for zonal intervention projects.

Buhari initially proposed N60bn for the projects, but the lawmakers jacked it up to N100bn with an inflated N40bn.

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