Senate passes N10.8trn revised budget for 2020
• As Lawan tasks Senate committees on oversight to ensure implementation
Less than three weeks after the Senate received the revised budget from the executive, the Senate has, on Thursday, passed the sum N10.805 trillion as of the revised budget for the 2020 fiscal year.
The passage by the Senate is coming 24 hours after the House of Representatives passed the budget awaiting her for concurrence.
The passage followed consideration of the report of the Senate Committee on Appropriations on the Appropriation Act (Amendment) Bill, 2020.
President of the Senate Ahmed Lawan charged committees to ensure strict oversight on the provisions in the revised Appropriation Act 2020 so that the targets for each expenditure is met.
Lawan said value for money has to be justified on all expenditures especially on projects listed for execution.
For us, this is one way of ensuring that Nigerians feel the presence of government through the various interventions, the programmes and projects.
“We have done this, but we have other things waiting for us in relation to this. We are supposed to ensure that we oversight on these projects, and more especially when we have to borrow money to fund some of these projects, it is very crucial that we ensure there is value for money.
“Every project that is mentioned here should be implemented appropriately and accordingly. So, all our standing Committees should ensure that we continue to carry out our oversight,” Lawan stated.
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