By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The NewsmatricsThe NewsmatricsThe Newsmatrics
  • Homepage
  • News
    • Latest
    • From the state
    • Science and Tech
    • News Unusual
  • Politics
  • Business
    • Aviation
    • Maritime
    • Personal Finance
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Sport
Search
  • Advertise
© 2024 The News Matrics. By Datech.ict. All Rights Reserved.
Reading: Presidency denies budget padding allegations, slams Ningi’s claims
Share
Sign In
Notification Show More
Aa
The NewsmatricsThe Newsmatrics
Aa
  • Homepage
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Sport
Search
  • Homepage
  • News
    • Latest
    • From the state
    • Science and Tech
    • News Unusual
  • Politics
  • Business
    • Aviation
    • Maritime
    • Personal Finance
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Sport
Have an existing account? Sign In
Follow US
  • Advertise
© 2024 The News Matrics. By Datech.ict. All Rights Reserved.
News

Presidency denies budget padding allegations, slams Ningi’s claims

tnm
Last updated: 2024/03/10 at 7:02 PM
tnm
Share
2 Min Read
Advertisements

 

The Presidency has denied allegations of padding the 2024 budget by an additional N3 trillion.

Advertisements

This followed accusations by Senator Abdul Ningi of Bauchi Central (PDP) that the executive is implementing a budget other than the one approved on January 1, 2024.

Ningi, under the aegis of the Northern Senators’ Forum, had contended in a BBC Hausa Service interview that the Federal Government, led by President Bola Tinubu, was executing a budget significantly higher than what was passed by the NASS.

Advertisements

According to the lawmakers, an N25tn budget was debated and passed, not the N28.7tn that is currently being implemented.

However, in a statement signed by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, the Presidency pointed out that Tinubu had initially presented a N27.5tn budget to the National Assembly on November 29, 2023.

Advertisements

It said this budget included N9.92tn for recurrent expenditure, N8.25tn for debt service, and N8.7tn for capital expenditure, contrasting Ningi’s claims.

The Presidency stressed that it was implausible for the Senate to have debated and passed a N25trn budget that was never presented.

“Contrary to the strange view expressed by Senator Ningi, there was no way the Senate could have debated and passed a N25tn budget that was not presented to the National Assembly.

“We don’t expect a ranking Senator not to pay due attention to details before making wild claims.

“It is also important to let Nigerians know that the budget that President Tinubu signed into law on January 1, 2024, as passed by the National Assembly was N28.7tn,” the presidency insisted.

It argued that the National Assembly only exercised its appropriation powers and increased the executive’s proposed budget by N1.2tn to N28.7tn, which President Tinubu subsequently signed into law on New Year’s Day.

Addressing Senator Ningi’s assertion that the 2024 budget was anti-North, the Presidency dismissed it as “far-fetched” and “unbecoming” of a leader of his stature.

 

 

Advertisements

You Might Also Like

Woman drugs nursing mother, steals 2-month-old baby

Atiku: How Obasanjo crushed Boko Haram insurgency in 2002

BPP scraps FEC approval for contracts below N5bn

Senate moves to enforce use of Nigerian-made vehicles in MDAs

Military procured more sophisticated weapons to eliminate terrorists – CDS

TAGGED: 2024 budget, Abdul Ningi, Bayo Onanuga
tnm March 10, 2024 March 10, 2024
Share This Article
Facebook Twitter Telegram Copy Link
Share
Previous Article Two senior police officers suspended for extorting $3,000 from travellers
Next Article Goldman Sachs: Naira will appreciate to N1,200/$ in 12 months
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The NewsmatricsThe Newsmatrics
Follow US
© 2024 The News Matrics. By Datech.ict. All Rights Reserved. Contact: 08057511900
  • About Us
  • Contact Us
  • Advert rates
  • Privacy Policy
Welcome Back!

Sign in to your account

Lost your password?