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Buhari Presents N2.55trn Supplementary Budget To NASS

President Muhammadu Buhari has submitted a supplementary budget proposal of N2.55trillion to the National Assembly for approval.
Buhari is requesting a review of the 2022 Appropriation Act to accommodate an additional budget for petroleum products subsidy for June to December, 2022.
The president’s request was contained in a letter addressed to the Senate President, Dr Ahmad Lawan; and Speaker of the House of Representatives, Hon Femi Gbajabiamila, yesterday.
Buhari also wants the National Assembly to restore some projects earlier removed from the 2022 budget by the Legislature.
It would be recalled that the president had complained about “worrisome changes” made by the lawmakers in the N17.126trillion 2022 Appropriation Bill he signed into law in December.
The Legislature had approved N17.1trillion as against the N16.3trillion he proposed in October, adding about N700billion to the budget.
Specifically, Buhari complained about the increase in the Federal Government’s ‘Independent Revenue’ by N400billion and the reduction of non-regular allowances of the Nigerian Police Force and the Nigerian Navy by N15billion and N5billion, respectively.
‘‘This is particularly worrisome because personnel cost provisions are based on agencies’ nominal roll and approved salaries/allowances.
‘‘Furthermore, an increase of N21.72billion in the Overhead budgets of some MDAs, while the sum of N1.96billion was cut from the provision for some MDAs without apparent justification.
‘‘Increase in the provision for Capital spending (excluding Capital share in Statutory Transfer) by a net amount of N575.63billion, from N4.89trillion to N5.47trillion,’’ the president had said.
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