Categories: Latest News

Budget Padding: Senate increases 2020 budget by N450bn, Reps N300bn

The Senate Committee on Appropriation may have increased the capital component of the 2020 Appropriation Bill by N450bn.

Also, the House of Representatives has raised the 2020 Appropriation Bill from N10.33 trillion to about N10.6 trillion.

The new figure has been proposed by the House Committee on Appropriation, which is scheduled to lay its report on the national budget at the plenary today (Wednesday).
The committee has recommended a total budget sum of N10,594,362,364,830.

The Senate panel initially increased it by N500bn before it removed N50bn, shortly before it submitted its report.
President Muhammadu Buhari had in October, presented a budget proposal of N10.33trn to the National Assembly for consideration and approval.

The Chairman of the Senate Appropriation panel, Senator Barau Jibrin, laid the report at plenary on Wednesday
The President of the Senate said the panel recommendations would be considered at plenary on Thursday.

Ben Idah

Recent Posts

Who is Equatorial Guinea’s Baltasar Ebang Engonga? – Leaked tapes and more

Baltasar Ebang Engonga, the Director General of Equatorial Guinea’s National Financial Investigation Agency (ANIF), is…

5 hours ago

Download over 300 leaked viral video of Equatorial Guinea’s Baltasar Ebang Engonga

The recent scandal involving Baltasar Ebang Engonga, Equatorial Guinea's financial crime chief, highlights the complexities…

5 hours ago

BREAKING: Tinubu swears in seven new ministers

President Bola Tinubu has officially sworn in seven new ministers during a ceremony held at…

6 hours ago

Watch full leaked video of Equatorial Guinea’s Baltasar Ebang Engonga

Meet Equatorial Guinea Financial Crime's Chief, Baltasar Ebang Engonga, Whose Over '300' S3x tapes With…

7 hours ago

BREAKING: Court acquits Walter Onnoghen, reverses six-year conviction

The Court of Appeal in Abuja has discharged and acquitted former Chief Justice of Nigeria,…

8 hours ago

Leaked Tapes of Equatorial Guinea’s Baltasar Ebang Engonga Surface Online

Baltasar Ebang Engonga, the serving Director General of the National Financial Investigation Agency (ANIF) in…

9 hours ago