President Jonathan signs N4.425tn 2015 budget

By -
 


 
President Goodluck Jonathan has signed the 2015 Appropriation Bill into law, THE PUNCH has authoritatively learnt.
 
It was revealed that Jonathan decided to sign the budget into law a couple of weeks ago. 
 
The Senate had passed the 2015 budget on April 28, following the passage of the same bill by the House of Representatives on April 23, with an expenditure budget of N4.493tn, up from the N4.425tn proposed by the Executive.

Nigerians were concerned to know if the budget will be signed before the May 29th handover date, now we know it's been done. 
 
However, a Presidency source informed Punch, that the President signed the budget about two weeks ago immediately after the document passed by the National Assembly was transmitted to him.
 
The source, however, said he did not know why the President chose to sign the document without making it public.

When contacted, the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, also confirmed that Jonathan had signed the budget.

The Senate, in passing the budget, slightly reduced the N2.607,601, 000,300 proposed by the Executive to N2.607,132,491,708 as recurrent expenditure and simultaneously scaled down the capital expenditure from N642,848,999,699 estimated in the proposal to N556,995,465,449.

The Chairman, Joint Senate Committee on Appropriation and Finance, Mohammed Maccido, explained that the details of the figure approved by the Senate in the document were not different from the version passed by the House of Representatives.

He added that the budget would be driven by $53 oil benchmark, an exchange rate of N190 to one US dollar; 2.2782m per barrel crude oil production per day; and a deficit gross domestic product of -1.12 per cent.

The budget also put fiscal deficit at N1.075tn; N953bn for debt service; N375.6bn as statutory transfers.

Education takes the lion’s share of the budget with N392.3bn; followed by the military which gets N338.7bn while police commands and formations will receive N303.8bn.

In the same vein, N237bn was voted for the health sector; N153bn for the Ministry of Interior while N25.1bn was budgeted for the Ministry of Works.
 
 
Punch.

Comments

Post a Comment

Popular posts from this blog

WTH? A company creates lifelike child sex dolls to help paedophiles control their sexual attraction towards children

By -
Image
A company has created childlike sex dolls for paedophiles who want to control their sexual urges. According to the founder who admitted to being sexually attracted to children, the dolls may well be a valuable weapon in the fight against the sexual abuse of real children.  Shin Takagi founded Trottla, a company which produces anatomically-correct imitations of girls, with ages as young as five. The company has been going for a decade, and has clients all over the world and said they are a tool for those who, like him, who struggle with an ongoing sexual attraction towards children. "We should accept that there is no way to change someone’s fetishes. I am helping people express their desires, legally and ethically. It’s not worth living if you have to live with repressed desire." Takagi said his dolls save children from sexual abuse, and his clients - mostly men living alone - write and thank him for that service.   "I often receive ...
Read more

Tyler Perry moving to a farm

By -
Image
Last week movie mogul Tyler Perry sold his Atlanta estate for $17.5 million, the most ever paid for a private residence in Atlanta. And now, it's been revealed he is leaving the city of Atlanta to live on a farm with his girlfriend Gelila Bekele and their son Aman. Tyler Perry tells E! News; "I know this sounds ridiculous, but I wanted more land so I bought more land outside of the city. It's the same distance to the studio as my old house, but now I can have horses and pigs and organic vegetables."
Read more