By Modupe Gbadeyanka

The Nigerian Senate on Wednesday eventually passed the 2018 Appropriation Bill and would be forwarded to President Muhammadu Buhari for his assent.

The 2018 budget is estimated to be N9.12 trillion.

On Tuesday, report of the 2018 Appropriation Bill was laid before the Senate by Chairman of the Senate Committee on Appropriations, Mr Danjuma Goje.

Today, he briefed his colleagues on the components of the budget, saying it contains N3.5 trillion for recurrent (non-debt) expenditure, N2.9 trillion for development fund for capital expenditure, N2.2 trillion for debt servicing, N530.4 billion for statutory transfer and N190 billion for sinking fund for maturing loans.

While debating on the budget before it was passed, the lawmakers said it was unfortunate that Nigerians believed that the passage was delayed by the Senate when it was the executive that actually did.

They said Ministries, Departments and Agencies (MDAs) of Federal Government failed to defend their budget estimates until they were directed to do so in March this year.

President Muhammadu Buhari had presented the budget of N8.612 trillion to the parliament for passage in November 2017.

But the National Assembly raised the estimate to N9.12 trillion.

Details later.

https://www.businesspost.ng/2018/05/16/breaking-senate-passes-2018-budget-of-n9-12tr/

After they have doctored the amouny5

How much was voted for education and health?

This is the second to the last budget Saraki will supervise.

The Ministry of Health wants to spend N350million on a jambore to Geneva for the World Heath summit with a delegation of 40 Govt officials while all hospitals in Nigeria are on strike.

This government is the worst in the history of Nigeria.

Good job by the senate but like one of them rightly said, the implementation of the budget should be thoroughly monitored as this will enable funds allocated to projects be use for such projects.

It is now left for the Executive to do the needful.

Sirjamo:
This is the second to the last budget Saraki will supervise.

Yes, and second to the last budget Buhari will sign.

Funnicator:

Yes, and second to the last budget Buhari will sign.

We shall see

Good move.

Sirjamo:
We shall see

better go and get ready to kill many Christians in the north cause that's what your kind always do when they lose presidential elections.

magaji700:
After they inflate it.

magaji700:
After they inflate it.

nairavsdollars:
After they have doctored the amouny5

I guess you forgot the part where the president asked that the money he spent on the tucano jet be included and you expect the budget figure not to have increase. Shame on you.

Good one there Nigerian Senate.Over to you executive.

At almost the middle of the year? Millions will have been used as bribe before this budget was passed

Budget of Election finally passed but still not yet hurrah as the FG will need to look at it again incase the senate or House of representatives have not replaced some projects with their personal projects.

All dis trillions dat is not improving d economy.
Africa is doomed.

So we should fry yam?

Toor. Continue ooooo
God will judge you all o

Finally the rocket science budget has been passed.

Nonsense!

Greatest yahoo ever invented is Nigeria politics...Nigerians have just been scammed over N9Trillion yet they’ve not realised it

After considerable padding .
Can we begin to have cash-flowing and streaming

After they inflate it.

Thank God, buhari will not assent to any budget padding for legis-looter re-election funding.

They will all be broke, and no money for their reelection bid.

i dont care, back to daura 2019

So we're passing a budget that should run the whole length of a year ALMOST 6 MONTHS into the said year?

Our economic and budget making policy is just awful.

It's now I know that inflation has also affected the 2018 Budget. God help us.

hopefully one day I will pass a Nigeria budget

hotswagg12:
I guess you forgot the part where the president asked that the money he spent on the tucano jet be included and you expect the budget figure not to have increase. Shame on you.

which tucano increase is that.

The tucano fund that is from excess crude account.

After over 6months that the budget has been given to them by the president. Obviously, we are not a serious country. We paid all the senators for 6months and they couldn't even deliver one of their key functions.

ert

Please can someone help me with 1k?

I'm a student, I'm hungry. Please I just want to eat.

Thank you and may God bless you.


Uba. Ac no: 2016229958.