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Senate Summons Sanusi Over Comments On NASS
The Nigerian Senate has summoned the Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi along with the Minister of Finance to appear before four of its committees over the CBN Governor’s claim that federal lawmakers are taking 25 per cent of the government’s recurrent expenditure.
Sanusi, delivering a convocation lecture at Igbinedion University, Okada, Edo State at the weekend, said: “If you look at the budget, the bulk of government spending is revenue; revenue expenditure. That is a big problem. 25 per cent of overhead of the federal government goes to the National Assembly.”
The decision was taken during a plenary session where 29 senators voted that the CBN governor must appear before its Banking and Finance committee and others for what was claimed to be a public misinformation when the CBN governor was said to have made public statements regarding the spending of the National Assembly.
Senators had on Monday described the CBN Governor’s claim as mischievous.
All the senators who spoke yesterday complained about the statements made by the CBN governor and the Minister of Finance, said it was wrong for a public official, especially one in the level of CBN governor to issue such kind of statement against the parliament.
Yesterday, House of Representatives Speaker, Dimeji Bankole said he hoped Sanusi had been misquoted because his comment, according to him, was off the mark.
Speaking at the University of Lagos Monday, Bankole said: “Nigeria’s budget is N4.3 trillion. The National Assembly got N100 billion. How has that translated to 25 per cent?
“I know that over four years ago, the budget of the CBN was over N200 billion. I’m praying that Sanusi has been misquoted. Some of us in politics went to school.”
Senate spokesman Ayogu Eze while addressing journalists yesterday said: “It is an unfounded allegation that 25 per cent of the recurrent overhead budget of the federation goes to the National Assembly. I find that rather very curious in the sense that even before going to the press, the respective newspapers should have pulled a copy of the amended approved budget for the year and do the calculation.
“This was not the case and some of the newspapers this morning (yesterday); some were giving the indication that the National Assembly has crippled the economy. That the National Assembly takes 25 per cent of the entire budget of the federation.
“I want to state categorically that it is not true. The total budget figure for the year 2010 as amended is N4, 427, 184, 596, 534. That is the entire budget of the federation. And the entire budget of the National Assembly, including the Senate, the House of Reps, the National Assembly Service Commission, our legislative aides and all the entire current and capital expenditure for the year 2010 is N158, 916, 167, 627.
“If you reduce this to mathematics, what we have is N4.427 trillion for the entire federation and what the National Assembly gets is N0.158 trillion, which is 3.5 percent of the entire budget of the federation. So, where did the Mathematics of the 25 per cent come from?”
Eze said: “I think that this is not only mischievous but calculated to tarnish the image and reputation of the National Assembly, and it is part of the orchestrated assault, verbal and sometimes physical, against the National Assembly by some misinformed people who do not wish the National Assembly well. Otherwise, I do not see how that kind of figure can be bandied about by the Governor of the Central Bank.