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Thursday, May 11, 2017

2017 Budget To Be Passed On Thursday

Nigerian Senate on Tuesday received the report of the Joint Committee on Appropriation and Finance and ready to pass the 2017 Appropriation Bill into law on Thursday.

The Senate President Bukola Saraki, commended the committee for a job well done.

He said the senate would ensure the passage of the bill on Thursday.

Saraki commended the committee for laying the report with details, saying it would help speed up the passage of the bill.

“On behalf of our colleagues let me congratulate the committee.

“This is history been made, because this is the first time report of the Appropriation Bill will be laid with details.

“Because of that, by tomorrow (Wednesday) you will get hard copies of the report, but the soft copy will be ready today.

“We will distribute them and ensure we pass the bill on Thursday,’’ he said.

President Muhammadu Buhari had presented a budget proposal of N7.30 trillion for the 2017 fiscal year before a Joint Session of the National Assembly on Dec. 14, 2016.

The proposal also put the aggregated revenue available to fund the budget at N4.94 tn, which is 28 per cent higher than that of 2016.

- NAN

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