House of Reps explains reason for increase in 2019 budget

House of Reps explains reason for increase in 2019 budget

- The House of Representatives said the approved 2019 budget will be transmitted to President Buhari

- The House said increase in total budget was due to inclusion of funds for “special interventions’’

- These interventions included the allowance for outgoing lawmakers

The House of Representatives on Tuesday said the National Assembly (NASS) would transmit the approved 2019 Budget of N8.92 trillion to President Muhammadu Buhari on Thursday.

Chairman of the House Committee on Appropriation, Rep. Mustapha Dawaki, made this known while briefing newsmen after plenary in Abuja.

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Dawaki explained that the increase in total budget from N8.83 trillion was due to the inclusion of funds for “special interventions’’ made by the National Assembly.

He said that the interventions included the provision of N24.6 billion as severance allowance for outgoing lawmakers and N10 billion for Zamfara terrorism.

He said that the Christmas break and the general elections accounted for the delay in the passage of the budget.

“The President laid this budget on Dec. 18, 2018, but certain extraneous forces such as the Christmas and New Year breaks also affected quick passage of the Appropriation Bill.

“And, don’t forget that we had to go on break to fully participate in the February polls; all these were distractions that really affected the passage of the Appropriation Bill.

“Hopefully, by Thursday the budget will be transmitted to the president for his assent.

“We left the oil benchmark and exchange rate as sent by the executive, except for the deficit which we adjusted,’’ Dawaki said.

Meanwhile, Nigerian lawmakers, both the Senate and the Reps, have allocated N23.7 billion as severance gratuity for outgoing lawmakers of the National Assembly.

The sum, according to Premium Times, will also cover allowances for incoming legislators, their aides, funds for National Assembly induction and inauguration of the 9th Senate.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app gathers that the benefit was captured as a separate line item in the 2019 appropriation bill which was passed on Tuesday, April 30. ( -> We have updated to serve you better

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