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Nairaland Forum / Nairaland / General / Politics / Legislators Spend N5.2 Billion Per Bill In Two Years (1320 Views)
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Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 5:24pm On Jul 15, 2013 |
Legislators spend N5.2 billion per bill in two years Nigeria’s National Assembly (NASS) which is facing a backlog of unfinished business and increasing public dis- approval, has spent N5.2 billion on average, to pass a bill in the past two years. The legislators are on pace to pass less than 10 percent of bills before them, since the inauguration of the 7th Assembly (2011-2015) on 6th June, 2011. The NASS which comprises a Senate and House of Representatives has passed 69 bills out of a total of 725 bills in various stages of progress before it, according to BusinessDay’s analysis of the bill progression chart of both houses, gotten from the assembly’s website. Meanwhile 73 percent of people in Nigeria thought that parliament or legislature was affected by corruption, data from Transparency Internationals (TI) most recent global corruption barometer shows. Ninety-four percent of respondents in the same TI survey said Nigerian political parties were affected by corruption. The Nigerian legislature had a budget of N232.7 billion for 2011, N150 billion for 2012, and N150 billion for 2013. The prorated cost of running the 7th NASS since its inauguration in 2011 till date, amounts to N360.74 billion ($2.2 billion), meaning N5.22 billion was spent on average, by the legislature, to pass one bill. Major pieces of legislation left undone by the legislators include the Petroleum Industry Bill (PIB) which aims to unify all the necessary legislation in one bill and provide a clear framework for investment in Nigeria’s energy sector. “The slow pace of progress on key legislation is a concern for investors,” said Razia Khan, regional head of research, Africa, at Standard Chartered Bank, in response to BusinessDay questions. “Even in the case of the budget, if Nigeria were forced to act swiftly to any new external developments, the long-drawn out process of approving budget amendments does not inspire much confidence that the country might have the budget flexibility required to take prompt action in the event of an external shock.” The PIB which may help improve job creation and revenues for the government at all levels (Federal, State and Local) and in theory better the lives of the 70 percent of Nigerians who live below the poverty line, has been stuck in parliament for over four years. This has led to lost or deferred investment of at least $28 billion in Nigeria’s oil sector since 2010, according to ExxonMobil’s Nigerian producing unit, with the beneficiaries being other producers in the sub-region, such as Angola and Ghana. Other important bills awaiting passage are a Health insurance amendment bill, Railway act amendment bill, Housing trust fund bill and a whistle blower bill. The legislator’s 2013 budget of N150 billion amounts to N319.8 million per legislator per annum, or $1.97 million, and is about 1,400 times the Nigerian minimum wage of N18, 000 per month or N216,000 per annum. The NASS budget for 2013 is also equivalent to 9.2 percent of the FG’s 2013 capital expenditure budget. “The FG is faced with a huge infrastructural deficit but has limited means to address it, given the predominance of non-discretionary spending such as wages in the 2013 budget… including 8 percent of the total for statutory transfers, principally to the National Assembly and National Judicial Council,” said FBN Capital analysts, led by Gregory Kronsten, in a note released July 9. The cost of running the Nigerian National Assembly has serially been named as one of the highest in the world. The upper and lower houses of Nigeria’s National Assembly consists of a 109-member Senate and the 360-member House of Representatives. “Anything that contributes to a high recurrent expenditure bill is a concern for investors,” Khan said. “This also impedes budget flexibility. The higher the spend on recurrent expenditure, the greater the concern.” http://businessdaynigeria.com/legislators-spend-n52-billion-bill-two-years 2 Likes |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by Nobody: 5:45pm On Jul 15, 2013 |
What about the progressive APC thieves? Are they part of this same unproductive NASS? Anyway, I'm not surprised. 90% of the time, the NASS is either passing useless motions, probing everybody except themselves or fighting the executive. Less than 10% of their time is spent on lawmaking. 2 Likes |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 6:45pm On Jul 15, 2013 |
I wonder why people are not commenting on this.These guys are busy robbing us blind and alll we care about is who is evicted on BBA..Shame 1 Like |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 6:48pm On Jul 15, 2013 |
MODS FRONT PAGE PLS |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by Gbawe: 7:04pm On Jul 15, 2013 |
paddy_lo: I wonder why people are not commenting on this.These guys are busy robbing us blind and alll we care about is who is evicted on BBA..Shame Tragic.....and this is the biggest indicator of how Nigeria has a long way to go. A largely apathetic and unfocused youth class is never a good thing for even a decent Country let alone one with the serious problems and challenges Nigeria faces. @Topic. Legislators, whether PDP or ACN, make far too much than is healthy for Nigeria. What the Nation spends maintaining our worthless Upper and Lower legislative Houses is one of the biggest drain on the income of Nigeria. I don't expect our legislators to be the ones to ever initiate a move against themselves and I think even as we have bright men like Anyoaku who have consistently suggested the way out of the morass we are in, it is instructive and thoroughly depressing that it is usually Nigerians out of power saying what Anyaoku does below and never those currently in power, from every ethnic group, who actually control the offices to bring about the required changes. http://tribune.com.ng/news2013/en/component/k2/item/16686-6-federating-units-will-solve-nigeria%E2%80%99s-crisis-anyaoku.html 6 federating units will solve Nigeria’s crisis - Anyaoku |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by Nobody: 7:13pm On Jul 15, 2013 |
Gbawe:As laudable as that may be, it will be easier for the camel to pass thru the eye of the needle than for such to happen. The present structure is IRREVERSIBLE, except any of the following occurs: - there's another civil war - the country breaks up - crude oil dries up or loses its value |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by kunlekunle: 7:23pm On Jul 15, 2013 |
Sincere 9gerian: there is what they call citizn initiative. its a means of enforcing a law by the citizens. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by atlwireles: 7:32pm On Jul 15, 2013 |
A house filled with people that have no reason to be there,where politics becomes their only means of making a living. Numbers like this become our National reality. The house has more opposition members than ever before,yet the cost of governance is on the increase. None of them has brought any bill of resolution to correct the huge disparity between the ratio of their wages and the minimum wage in this country. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by Nobody: 7:32pm On Jul 15, 2013 |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by braine(m): 7:39pm On Jul 15, 2013 |
I pity this country; but what can I do? |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by Nobody: 7:41pm On Jul 15, 2013 |
The PIB which may help improve job creation and revenues for the government at all levels (Federal, State and Local) and in theory better the lives of the 70 percent of Nigerians who live below the poverty line, has been stuck in parliament for over four years. So the pussilanimity of these legis-looters have cost the nation investments which are almost equal to the entire budget of 2013. Why we haven't recalled all of these incompetent, prevaricating lawmakers is beyond me. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by nduchucks: 7:51pm On Jul 15, 2013 |
Sincere 9gerian: You excluded two important items - there's a coup which rids the country of most of the 'owners of Nigeria' - Buhari becomes the next Nigerian President |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by Maxymilliano(m): 7:53pm On Jul 15, 2013 |
The whole structure is flawed ab initio and designed to maximize legitimate fraud. That's why the leeches that constituted the House of Assembly since the advent of the fourth republic are largely unproductive. The expectations, clearly spelt out in the nation’s Constitution, have remained more or less a mirage, while obscene self-service and personal aggrandizement seem to be the primary motive. What the country need is to return to part-time legislature for profound reduction in the cost of governance to allow huge funds for development. Bunch of Vampires they are! |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 10:19am On Jul 16, 2013 |
Mods pls put this prescient topic on FP thanks |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 10:24am On Jul 16, 2013 |
ndu_chucks: @Ndu_chuks You know very well that a coup or Buhari is not the answer to this problem. The Generals that overthrew the turkish government in the 1980s are on trial in turkey right now. Buhari and his likes should he on trial, the fact they can bring themselves out for political office is a reflection of how unserious we are as a country. My own solution would be for the youth to get more enligthened and demand or the drastic reduction in legislators pay as well as the passage of bills that will improve their economic wellbeing, such as a social security bill or social safety net bill. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by Nobody: 11:06am On Jul 16, 2013 |
Let there be revolution... This I pray thee oh! God. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by NaijaFlow: 11:09am On Jul 16, 2013 |
Hahahahaha, No be the same legislooters which APC/ACN/CPC the so called opposition are among? They keep diverting attention and blaiming GEJ. yeye people, Lai Mohammed wont talk now because their members are benefiting from the thievery. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by NaijaFlow: 11:12am On Jul 16, 2013 |
ndu_chucks: Never gonna happen, You can talk of revolution by the masses but as for a coup and buhari becoming the president of Nigeria, we have long passed that stage. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by awodman: 11:16am On Jul 16, 2013 |
Am happy that all who have commented on this thread agree that our legislators are actually not pushing for the interest of the masses who sent them there..since we have found out one of our problems let's unite together to demand accountability from these guys the way we demand from the executive... 1 Like |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 8:17am On Jul 17, 2013 |
5 awodman: Am happy that all who have commented on this thread agree that our legislators are actually not pushing for the interest of the masses who sent them there..since we have found out one of our problems let's unite together to demand accountability from these guys the way we demand from the executive... Yes |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 4:25pm On Jul 17, 2013 |
last try mods send this to front page...sigh |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by anonimi: 5:44pm On Jul 17, 2013 |
HNosegbe: Meanwhile, the US Congress has passed 283 bills into law since 2011 (See Source) And I imagine that the US lawmakers did it for much less than our lazy law breakers in Abuja. |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by drberry(m): 6:15pm On Jul 17, 2013 |
Chei ya.. I feel so sad for dis country. But are our elites (the wole soyinkas and the femi falanas) not aware of this egregious menace that is going on If so what are they saying about it SMH... |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by SLIDEwaxie(m): 11:56pm On Jul 17, 2013 |
Give us news pls... How does this stop them from stealing more? How will this stop jonathan and his hipopotamus from eating 1B worth of food for d year? How will this stop ojukwu from wearing woman's cloth and flee to heaven from hell? We want regions!!!!!! |
Re: Legislators Spend N5.2 Billion Per Bill In Two Years by paddylo1(m): 8:50am On Jul 26, 2013 |
Front page things |
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