Budget Padding!!! Senate Increases 2020 Budget By N450bn, Rep N300bn
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The Senate Committee on Appropriation may have increased the capital component of the 2020 Appropriation Bill by N450bn.
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Also, the House of Representatives has raised the 2020 Appropriation Bill from N10.33 trillion to about N10.6 trillion.
The new figure has been proposed by the House Committee on Appropriation, which is scheduled to lay its report on the national budget at the plenary today (Wednesday).
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The committee has recommended a total budget sum of N10,594,362,364,830.
The Senate panel initially increased it by N500bn before it removed N50bn, shortly before it submitted its report.
President Muhammadu Buhari had in October, presented a budget proposal of N10.33trn to the National Assembly for consideration and approval.
The Chairman of the Senate Appropriation panel, Senator Barau Jibrin, laid the report at plenary on Wednesday
The President of the Senate said the panel recommendations would be considered at plenary on Thursday.
Details later.
