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Reps pass 2020 budget, increase to ₦10.59trn

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    President Muhammadu Buhari Declares That The Civil Service Under His Watch Is Not A Dumping Ground For ‘Dull’ Unemployed Nigerians, Says The Civil Service Is For The Best And Brightest Nigerian Job Seekers Who Can Solve The Nation’s Socio-Economic Problems

    President Muhammadu Buhari Declares That The Civil Service Under His Watch Is Not A Dumping Ground For ‘Dull’ Unemployed Nigerians, Says The Civil Service Is For The Best And Brightest Nigerian Job Seekers Who Can Solve The Nation’s Socio-Economic Problems

    We Didn’t Receive N1.15 Billion Worth Of Vehicles From Nigeria — Niger Republic

    We Didn’t Receive N1.15 Billion Worth Of Vehicles From Nigeria — Niger Republic

    BREAKING: National Broadcasting Commission Revokes The Broadcast Licences Of Silverbird Television, Africa Independent Television, Raypower FM And Rhythm FM, With Immediate Effect, For Breaking The Law

    BREAKING: National Broadcasting Commission Revokes The Broadcast Licences Of Silverbird Television, Africa Independent Television, Raypower FM And Rhythm FM, With Immediate Effect, For Breaking The Law

    International Air Transport Association Exposes President Buhari’s FG For Intentionally Breaching International Agreements, Destroying Nigeria’s Economy, Hurting International Investors’ Confidence, And Depriving Citizens Of Great Job Opportunities With The Worst Economic Policies

    International Air Transport Association Exposes President Buhari’s FG For Intentionally Breaching International Agreements, Destroying Nigeria’s Economy, Hurting International Investors’ Confidence, And Depriving Citizens Of Great Job Opportunities With The Worst Economic Policies

    Bloody Betrayal, As South-East Group Dumps Labour Party’s Peter Obi For The 2023 Presidency, Declares That PDP’s Atiku Abubakar Is The Only Hope For An Igbo President In The 2027 General Elections

    Bloody Betrayal, As South-East Group Dumps Labour Party’s Peter Obi For The 2023 Presidency, Declares That PDP’s Atiku Abubakar Is The Only Hope For An Igbo President In The 2027 General Elections

    Tell Nigerians how much you stole from Lagos State — George slams Tinubu, says he has evidence

    Tell Nigerians how much you stole from Lagos State — George slams Tinubu, says he has evidence

    Nigeria Spends N18.69 billion Daily On Subsidy – Finance Minister

    Nigeria Spends N18.69 billion Daily On Subsidy – Finance Minister

    BREAKING: National Association Of Nigerian Students Move To Drag President Buhari’s FG And The Minister Of Education, Adamu Adamu, To Court, To Claim Billions Of Naira As Compensation For Their Time And Years Wasted, Due To The Ongoing Prolonged ASUU Strike

    BREAKING: National Association Of Nigerian Students Move To Drag President Buhari’s FG And The Minister Of Education, Adamu Adamu, To Court, To Claim Billions Of Naira As Compensation For Their Time And Years Wasted, Due To The Ongoing Prolonged ASUU Strike

    BREAKING: Environmental Workers Threaten To Shutdown All Cemeteries, Their Systems And Operations, If Their Demands Are Not Met, Say “People Think It Is Only Waste Management We Do. We Take Care Of Dead Bodies That Have Overstayed In The Hospitals For 3 To 4 Years, Without Knowing What Killed Them”

    BREAKING: Environmental Workers Threaten To Shutdown All Cemeteries, Their Systems And Operations, If Their Demands Are Not Met, Say “People Think It Is Only Waste Management We Do. We Take Care Of Dead Bodies That Have Overstayed In The Hospitals For 3 To 4 Years, Without Knowing What Killed Them”

    Nigerian Woman Shamelessly Describes How She Wants To S*Uck And Do Other Things To ‘Jagaban’ Bola Ahmed Tinubu

    Nigerian Woman Shamelessly Describes How She Wants To S*Uck And Do Other Things To ‘Jagaban’ Bola Ahmed Tinubu

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Reps pass 2020 budget, increase to ₦10.59trn

by peter
December 5, 2019
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The House of Representatives on Thursday passed the 2020 Appropriation Bill of more than ₦10.59 trillion against the initial amount of ₦10.33 trillion presented by President Muhammadu Buhari.

The house passed the bill after considering the report of the Committee on Appropriations presented by the Chairman, Rep. Muktar Betara (APC-Borno) during the Committee of Supply.

The ₦10.33 trillion budget was presented on October 8 by Mr Buhari before a joint session of the National Assembly with both chambers of the assembly assuring Nigerians of passage before the end of the year.

The report, however, reflected the total sum of N10,594,362,364,830, indicating an increase of about ₦260 billion.

Presenting the report, Mr Betara said “that the house do consider the Report of the Committee on Appropriations on a Bill for an Act to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of ₦10,594,362,364,830.

“Of which ₦560,470,82,235 is for Statutory Transfers; ₦2,725,498,930,000 is for Debt Service; ₦4,842,974,600,640 is for Recurrent (Non-Debt) Expenditure; while the sum of ₦2,465,418,006,955 is for contribution to the Development Fund for Capital Expenditure for the year ending on Dec. 31, 2020.”

The initial amount allocated to Statutory Transfers was ₦556.7 billion reflecting an increase of about ₦3.77 billion, while the initial allocation to Debt Service was ₦2.45 trillion, reflecting an increase of about ₦28 billion.

The Recurrent (non-debt) Expenditure was initially put at ₦4.88 trillion and reflected a decrease of about ₦4 million.

The house would transmit the Appropriation Bill to the president for assent.

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President Muhammadu Buhari Declares That The Civil Service Under His Watch Is Not A Dumping Ground For ‘Dull’ Unemployed Nigerians, Says The Civil Service Is For The Best And Brightest Nigerian Job Seekers Who Can Solve The Nation’s Socio-Economic Problems

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