Senate Passes 2019 Budget, 4 Months after its Presentation

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The 2019 Appropriation Bill, which was presentation to the National Assembly four months ago, has been passed by the Senate.

The upper legislative chamber on Tuesday during plenary passed the total sum of N8.916 trillion, an increase of N86 billion from the N8.83 trillion presented to the lawmakers by President Muhammadu Buhari on December 5, 2018.

According to Senator Goje, the severance benefits of outgoing lawmakers, their aides, provision for the National Assembly orientation programme, elections and others accounted for the N86 billion increment.

A look at the budget breakdown shows that recurrent expenditure will gulp N4.65 trillion, N2.94 trillion is appropriated for capital expenditure, N2.25 trillion is for debt servicing and N502. 58 billion is earmarked for statutory transfer.

In his remarks, the Senate President, Bukola Saraki while thanking his colleagues urged the executive on implementation of the budget.

‘’I want to thank our colleagues, particularly for their understanding and for us to be able to meet today’s deadline in the passing the bill and (I) thank the Committee on Appropriation too.’’

‘’I hope that with this budget passed, the Executive will also ensure the full implementation of the budget for the benefit of Nigerians as a whole’’, Saraki said.

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