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Nairaland Forum / Nairaland / General / Politics / Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others (18377 Views)
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Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Pamatips: 5:39am On Apr 03, 2019 |
President Muhammadu Buhari on Tuesday declined assent to a bill seeking to fund the completion of Ajaokuta Steel Company, which was forwarded to him by the National Assembly in February this year. The President equally declined assent to seven other bills, including the controversial National Housing Fund Bill, which was passed recently by the federal parliament. The President of the Senate, Bukola Saraki, disclosed this while reading at plenary separate letters by the President informing the Senate of his decisions. Buhari, according to the letters, cited several grounds, ranging from infractions on extant laws, duplication of responsibilities of existing agencies, to financial constraints for refusing assent to the bills. Giving reasons for rejecting the Ajaokuta Completion Fund Bill, the President said voting $1bn to the steel rolling mill from the Excess Crude Account, as proposed by the bill, was not the best strategic option for Nigeria at this time of budgetary constraints. “The nation cannot afford to commit such an amount in the midst of competing priorities with long-term social and economic impact that the funds can be alternatively deployed towards. “Bills, which seek to make appropriation of revenues to fund public expenditure should be consolidated in the annual Appropriation Act, such that the proposals pass through the traditional scrutiny that budget proposals are subjected to by the Ministry of Finance, Ministry of Budget and National Planning and the National Assembly. “Furthermore, as the Excess Crude Account Funds belong to the federation, it would be proper to consult with the National Economic Council where the states are represented. “Relevant stakeholders, such as the Ministries of Mines and Steel Development, Industry, Trade and Investment, were not fully consulted. “The inputs of key stakeholders are necessary to create the optimal legal and regulatory framework, as well as institutional mechanism to adequately regulate the steel sector,” the President said. In another letter of refusal of assent dated March 27, 2019, President Buhari cited provisions contained in Section 32 of the Small and Medium Enterprises Development Agency Bill 2018 as the major reason for refusing assent to it. He added that if signed into law, the agency would have similar objectives as that of the Bank of Industry, particularly with regard to the funding of Small and Medium Enterprises. “Accordingly, it is important to streamline its functions to avoid a duplication or overlap of functions with other government institutions performing similar functions aside the likelihood of increasing public recurrent expenditure by the proposed creation of new public sector bodies,” he added. Other bills rejected by the President included the Nigerian Aeronautical Search and Rescue Bill 2018; the Chartered Institute of Training and Development of Nigeria (Establishment) Bill 2018; and the Federal Mortgage Bank of Nigeria Bill 2018. He also declined assent to the National Housing Fund Bill 2018; the National Institute of Credit Administration Bill 2018; and the National Bio-technology Development Agency Bill 2018. Source: https://punchng.com/buhari-rejects-ajaokuta-completion-bill-national-housing-fund-others-2/ 9 Likes 2 Shares |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Nackzy: 5:55am On Apr 03, 2019 |
Had it been the bill was about Cows...he would have added 1 million dollars to the bill and still assent Or may if it was about buying guns for herdsmen to use and protect their cows 60 Likes 4 Shares |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by MadamExcellency: 6:11am On Apr 03, 2019 |
Financial constrain for completion of Ajaokuta Steel Company? Cattle colony has enough though it supports private business. This ridiculous myopicness against National development got to stop. Trump said and categorized Steel manufacturing are a National Security. 23 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by ArcFresky(m): 6:17am On Apr 03, 2019 |
MadamExcellency: That's America this is Nigeria.... Put $1 billion in something we are not even sure will work... Smh... 49 Likes 1 Share |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Elslim: 6:25am On Apr 03, 2019 |
This ajaokuta of a thin has never for once worked but always gulping federal money.... Na scam be that thin. Please just sell it off. 32 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by chozzy: 7:10am On Apr 03, 2019 |
. Govt of lies, lies and more lies. I remember when they sponsored a propaganda through Aljazeera claiming to have completed Ajaokuta and Nigerians of low mental faculties believed them 56 Likes 7 Shares |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Nbote(m): 7:43am On Apr 03, 2019 |
ArcFresky: But dey claimed to have restarted d same Ajaokuta and even shared videos of it Abi? And ppl like U applauded dem and claimed d govt is working abi.. So how come dey shld b afraid to invest in a company dey claimed to have gotten working again? 18 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by MadamExcellency: 9:13am On Apr 03, 2019 |
ArcFresky: But Trademoni or rather vote buying money worked? 14 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Richdad50(m): 9:26am On Apr 03, 2019 |
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Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Ekakamba: 9:26am On Apr 03, 2019 |
Good. Mr. President is doing what we voted him for. Allah ja zamanin ka ranka'dede. ![]() ![]() 3 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by DWJOBScom(m): 9:26am On Apr 03, 2019 |
Actually I agree with him as I wonder where we were going to get the money to finance that. Our status right now on finance is horrible 7 Likes 1 Share |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by freemanbubble: 9:26am On Apr 03, 2019 |
Okay |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Michaelkings: 9:27am On Apr 03, 2019 |
I blame Osinbajo who to be a pastor,but contribute to this country's problem, he will rot in hell,that's a promise |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Olachase(m): 9:27am On Apr 03, 2019 |
abi no be ninja we day 1 Like
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Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by dam2000(m): 9:27am On Apr 03, 2019 |
Nigerias will continue 2 be a fool |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by OkpaNsukkaisBae(m): 9:28am On Apr 03, 2019 |
Abeg I no too sabi economics and accountancy! May person summarize for me ![]() ![]() |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Ekakamba: 9:29am On Apr 03, 2019 |
Strategies to win re-election. Thief wey dem never catch, no be thief. ![]() ![]() MadamExcellency: |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by hisgrace090: 9:29am On Apr 03, 2019 |
Nbote: Its parthetic! |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by eben1marketer: 9:30am On Apr 03, 2019 |
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Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Angelawhite(m): 9:32am On Apr 03, 2019 |
Devil |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by chosengocap: 9:32am On Apr 03, 2019 |
B-R-E-A-K-I-N-G News!!! Instead of Oil what was found in the Exploration in the North was Water after 4000ft depth drilled - NNPC. Almost $1billion Wasted. - Hope For Nigeria 21 Likes
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Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by stonemasonn: 9:34am On Apr 03, 2019 |
If Ajaokuta was in Katsina or Kaduna now.......you know the rest. 4 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by gaskiyamagana: 9:35am On Apr 03, 2019 |
That's good sai baba, sai Buhari. Anything Saraki, should be rejected, when another responsible Senate leaders emerge those bills will be considered. 1 Like |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Nobody: 9:35am On Apr 03, 2019 |
chosengocap: No mind them, who tell them say oyeel dey there before. 6 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by adanny01(m): 9:35am On Apr 03, 2019 |
Buhari bashing thread alert. They will not see reason but are quick to point at conspiracy while disregarding truth, right or wrongs. 4 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by gaskiyamagana: 9:37am On Apr 03, 2019 |
chosengocap:Department of False Information PDP University of Desperation 2019 Loss Election Campus Nairaland street. 15 Likes 1 Share |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Maxymilliano(m): 9:38am On Apr 03, 2019 |
Soon, the ignoramuses in Nigeria will put the blame on the Senate, whereas, it is the executive that is causing major set back. So far, the executive has rejected over 30 bills ... 4 Likes |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Timothy92: 9:39am On Apr 03, 2019 |
chosengocap:it is finish for Nigeria |
Re: Buhari Rejects Ajaokuta Completion Bill, National Housing Fund, Others by Neoteny(m): 9:40am On Apr 03, 2019 |
MadamExcellency: Yep. It did. They're back in Aso Rock and you're...still here wailing. 5 Likes |
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