We Will Occupy The National Assembly If They Pass The Supplementary Budget Of N161 Billion For Fuel Subsidy – Dino Melaye

Last year, 2011 the National Assembly appropriated N245 billion for fuel subsidy. In violation of the Appropriation ACT 2011 and the Fiscal Responsibility ACT 2007, the Central Bank of Nigeria paid N2.3 trillion for fuel subsidy on the basis of fraudulent, satanic and wicked recommendations of the Ministries of Finance and Petroleum resources.

In 2011 budget, the sum…

Three Weeks To 2013, Jonathan Demands Extra N161bn To Fund 2012 Budget

Barely three weeks to the end of the year, President Goodluck Jonathan has submitted a supplementary budget of N161.6 billion to the National Assembly.

The President is seeking the approval of the Senate and the House of Representatives for the money which is to be used for settlement of cumulated fuel subsidy arrears owed marketers.

In a letter addressed to both chambers,…

2013 budget is prudent, reasonable, says finance minister

Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday allayed fears about the workability of the ministry’s 2013 budget.

In a statement by her spokesman, Mr. Paul Nwabuikwu, the minister said the presentation of the national budget by President Goodluck Jonathan in October was the earliest in recent memory.

She also said criticisms of the ministry’s aspect of the budget were unwarranted.

The statement is titled, The Proposed Budget Of the Federal…

Jonathan attacks Mark, Tambuwal over budget remarks

In a rare tit-for-tat, President Goodluck Jonathan targeted Senate president, David Mark, and House of Representatives Speaker, Aminu Tambuwal, Thursday, a day after both lawmakers aimed pot-shots at him at a budget presentation.

Speaking during a joint session of the National Assembly, the senate president and the speaker lambasted Mr. Jonathan’s budget implementation record, and questioned the president’s opposition to…

Jonathan Presents N4.92tn 2013 Budget Tagged ‘Budget Of Fiscal Consolidation With Growth’ To NASS

President Goodluck Jonathan has proposed a total expenditure of N4.92 trillion for the 2013 fiscal year. Addressing a joint session of the National Assembly, the president said the budget which is based on fiscal consolidation has the deficit reduced to 2.17% from 2.85% in 2012.

The budget maintained an oil benchmark of $ 75 per barrel as provided in the Middle Term Expenditure Framework with a reduction in the recurrent…

Jonathan to go Ahead to Present Budget to NASS Despite House’s Objections.

Jonathan to go Ahead to Present Budget to NASS Despite House’s Objections.

In his Independence Day speech read just a few minutes ago to the nation, President Jonathan just dropped word that he would still be laying  the 2013 Appropriation Bill before the National Assembly despite the objection of the House which has sent a…

No 2013 budget until… – Reps •Finance Minister in closed-door session with lawmakers

Written by Jacob Segun Olatunji and Kolawole Daniel and Taiwo Adisa, Abuja Friday, 21 September 2012

The House of Representatives, on Thursday, insisted that it would not entertain the 2013 budget proposal from President Goodluck Jonathan until it is fully satisfied with…

2013 Budget: FG to spend N4.929trn

ABUJA — THE Federal Executive Council, FEC, yesterday, approved the 2013 draft budget proposal with a fiscal framework of annual projected revenue of N3.891 trillion and a expenditure of N4.929 trillion.

The 2013 draft budget proposals contain a deficit…

Budget: Okonjo-Iweala begs Tambuwal to stop crisis

Worried by the budget implementation face-off between the Executive and the House of Representatives, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has urged Speaker Aminu Tambuwal to pull the brake.

The Minister, who had a two-hour meeting with the…

FG retracts 56% budget implementation claim

•Okonjo-Iweala’s absence at session enrages Deputy Senate President

The Federal Government has retracted an earlier claim by government that it has achieved 56 per cent implementation of the 2012 budget.

The retraction is contained in documents submitted to the Senate Committee…