Home News Budget: Osinbajo seeks N135bn extra funds

Budget: Osinbajo seeks N135bn extra funds

3
0
Advertisements
Advertisements

 

Acting President Yemi Osinbajo on Thursday asked the National Assembly to approve a virement of N135.6billion for 14 Federal Ministries and the Office of the Secretary of Government of the Federation (OSGF).

Osinbajo, in a letter to Speaker of the House of Representatives, Yakubu Dogara, and dated July 18, 2017, said the virement was aimed at improving the wellbeing of Nigerians.

The letter reads: “You will recall that the 2017 Appropriation Bill was signed into law on June 12, 201

Advertisements
Advertisements
Advertisements

“However, prior to the signing, discussions and consultations were held between the Executive and the leadership of the National Assembly on some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act.

“You would also recall that it was agreed that the Executive should submit a virement proposal to the National Assembly for your consideration.

“The purpose of this letter, therefore, is to forward the virement proposal.

READ ALSO:  Fuel marketers say unsubsidised petrol will cost N400 per litre

“The amount of virement being proposed is N135, 643,081,749.

“In the light of the above, I implore you to urgently consider this virement proposal in order to support our collective efforts to improve the wellbeing of our citizens.”

Speaker Dogara referred the letter to the House Committee on Appropriation for further legislative actions.

Advertisements
Previous articlePDP crisis deepens as Modu Sheriff S’West faction joins mega party
Next articleTSA: Court confiscates N290bn hidden in banks

LEAVE A REPLY

Please enter your comment!
Please enter your name here