Connect with us


Finance Act Amendment Will Address 2023 N11.03trn Budget Deficit -Senate



The National Assembly will address the N11.03trillion 2023 Budget deficit by amending certain sections of the Finance Law, Cairman, Senate Committee on General Services, Senator Sani Musa (APC Niger East), has said

Musa noted that the N11.03 trillion deficit proposed for the N19.76trillion 2023 budget will be addressed by the National Assembly through required amendment of relevant provisions of the Finance Act.

He spoke at the weekend in Abuja after inspecting the make-shift chamber to be used for plenary when the Senate resumes from the annual recess

Musa explained that the proposed amendment would dwell on areas of making various revenue generating agencies double or triple targets earlier given them towards reducing the size of proposed budget deficit.

“The budgets of this country, have been in deficit and the only thing we can do is to amend so many things in the Finance Act, so that we can be able to generate more revenues from other sources rather than depending on oil alone and by extension, reduce the size of proposed budget deficit”

“By now the temporary chambers should have been ready knowing that we are resuming, initially we are suppose to resume on the 20th of this month but there are some little things that needs to be done before then.

“But I can assure the general public that this will be done in the shortest time and we are going to resume to receive Mr. President and the 2023 budget estimates

“You will recall that the 9th Senate has done very well, because this edifice since it was built, has never been rehabilitated, we are refurbishing it, bringing it back to standard like any other parliament you see around the world.

“The FCT that is doing this job, have been up and doing, but we need to push, they need to do more so that we will be able to resume as quick as possible.”

Commenting further on the general renovation work going on at the National Assembly, Senator Musa said it was an over due project and very necessary in making the National Assembly particularly the hallow chambers, to meet up with global standard.

“It is a great achievement for us that we are renovating the National Assembly complex that has been built over 20 years.

“What we read from the newspapers that NASS leadership has not done anything on the licking roof, is not true.

“This edifice is suppose to be managed and taken care by the FCT, because it is their property, but now we have taken it as a responsibility on us to make sure we renovate it.

“I’m sure that by the time the renovation of the National Assembly chambers is completed, other African countries will come to see and make Nigeria as a case study and see how we have improved on parliamentary infrastructure,” he added.

The Senate had through its Committee on Finance during interface with the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, kicked against the proposed N11.03trillion deficit in the proposed N19.76trillion 2023 budget.

Chairman of the committee, Senator Solomon Adeola (APC Lagos West), told heads of revenue generating agencies at different times, to think out of the box in making more revenues for the country in the coming fiscal year, for the purposes of reducing prosed deficit size and loan collections for budget financing.


Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


FG Approves N24.2bn For Free Internet At Airports, Schools, Markets



THE Federal Government has approved free internet services worth N24.2 billion naira at 20 selected airports, 43 universities and six markets across the country.

The Minister of Communications and Digital Economy Isa Pantami, disclosed this after the Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari yesterday

Pantami said that the airports were selected from the six geo-political zones.

“Certain intervention projects are going to be implemented by the Federal Government of Nigeria through the Nigerian Communications Commission of providing Internet in 20 selected airports in Nigeria and higher institutions of learning and also some markets to support micro small and medium enterprises.

“In each geopolitical zone, you have around three airports. In the South-West, we have Lagos and Ondo. For the South-East, we have Anambra and Enugu.

“For the South-South, we have Port Harcourt and Akwa Ibom. For the North-Central we have Abuja and Ilorin. In the North-West, we have Kano, Sokoto and Kebbi. For the North-East we have Yola, Maiduguri and Gombe.”

The minister said the markets and 43 institutions which include universities and polytechnics were also drawn from the six geopolitical zones, adding that it will ease e-learning in schools and also enhance the transition to a cashless economy.

Continue Reading


Buhari Approves Appointment Of 6 New Perm Secs



President Muhammadu Buhari yesterday approved the appointment of six new permanent secretaries in the Federal Civil Service

The appointments followed after a recent conducted selection process.

The Head of the Civil Service of the Federation (HOCSF),Dr Folasade Yemi-Esan, made this known in a statement by Mohammed Ahmed, Director of Communications of the Office of the HOCSF,

The appointees and their states of origin are Esuabana Asanye (Cross River), Mahmud Kambari (Borno), Richard Pheelangwah (Taraba), Lamuwa Ibrahim (Gombe), Yakubu Kofar-Mata (Kano) and Oloruntola Michael (Ogun).

Continue Reading


DSS Confirms Plot To Install Interim Govt



The Department of State Security Service has said that the plot to Instal interim government was real

DSS noted that the plot was “by some key players” to install an interim government and stop Bola Ahmed Tinubu from being inaugurated as president.

A statement on Wednesday, by Peter Afunanya, the public relations officer of the secret police, said: “The Department of State Services (DSS) has identified some key players in the plot for an Interim Government in Nigeria.

“The Service considers the plot, being pursued by these entrenched interests, as not only an aberration but a mischievous way to set aside the constitution and undermine civil rule as well as plunge the country into an avoidable crisis.

“The illegality is totally unacceptable in a democracy and to the peace loving Nigerians. This is even more so that the machination is taking place after the peaceful conduct of the elections in most parts of the country.”

Continue Reading