JUST IN: National Assembly extends 2020 budget by one quarter

The Senate on Wednesday, extended the life-span of 2020 by about three months to facilitate the capital budget of the 2020 Appropriation bill.

The Senate passed the extension of the 2020 Appropriation Bill through first and second reading at Wednesday plenary.

The Senate Order Paper for Wednesday reads in part: “A Bill for an Act to amend the Appropriation Act 2020 in order to extend the implementation the capital aspect of the budget to from 31st December 2020 to 31st march, 2021 or, until the coming into force of the 2021 Appropriation Act, whichever occurs earlier and for related matters, 2020 (SB. 612) Second reading.”

Both bills are sponsored by the Senate Majority Leader Senate, Sen. Abdullahi, Yahaya Abubakar (Kebbi North

In the debate, for the second reading, senators observed that the impact of Covid 19 had impacted in the capital aspect of budget implementation leading to a situation where some agencies have up to 70 per cent of their capital expenditure touched.

They, therefore, called for extension of the capital budget to enable ministries department and agencies to spend their unexpended capital budget to provide value for money to Nigerians whose livelihood can be improved by these expenses and projects.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

#EndSARS: As British Parliament Hears Petition, UK Govt Says It Won’t Speculate On Sanctions

The British Parliament at the Westminster Hall held a debate on ‘e-petition 554150, relating to Nigeria and the sanctions regime’ on Monday. The government of the United Kingdom has however responded…National Assembly extends  National Assembly extends

2023 Presidency: APC Govs’ Meeting With Jonathan Sparks Controversy

The surprise visit made on Friday night by the leaders of the ruling All Progressives Congress (APC) to former President Goodluck Jonathan at his residence in Abuja triggered a stir in the major political camps, resulting in at least four possible theories..National Assembly extends  National Assembly extends

NIGERIAN TRIBUNE

You might also like
Comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More