Some members of the House of Representatives have argued that the corrected version of the N6.08trn budget proposal submitted to the House was wasteful, fraudulent and unrealistic. The lawmakers, who spoke during the debate on the Appropriation bill said the budget was too high for a government talking about cutting cost. The lawmakers highlighted the issues they have with the budget. INFORMATION NIGERIA has put together the issued they highlighted in this piece…
– They argued that N3, 914,197, 062bn meant for annual maintenance of Villa facilities was not in the first budget document.
– N228.6m for sourcing and purchasing equipment (purchase and importation), which was not in the first budget was contained in the corrected version.
– They said the budget only made projections for heavy revenues through massive borrowing without serious plans for the repayment of such loans.
– The lawmakers also criticized the idea of borrowing N500m daily to fund the budget.
– The 2016 budget by President Buhari earmarked N4bn to Aso Rock clinic, N536m to link cables from drivers’ rest room, guest house to the Aso Villa and N795m for website update. This according to the Senate is fraudulent.
What do you think???
– They argued that N3, 914,197, 062bn meant for annual maintenance of Villa facilities was not in the first budget document.
– N228.6m for sourcing and purchasing equipment (purchase and importation), which was not in the first budget was contained in the corrected version.
– They said the budget only made projections for heavy revenues through massive borrowing without serious plans for the repayment of such loans.
– The lawmakers also criticized the idea of borrowing N500m daily to fund the budget.
– The 2016 budget by President Buhari earmarked N4bn to Aso Rock clinic, N536m to link cables from drivers’ rest room, guest house to the Aso Villa and N795m for website update. This according to the Senate is fraudulent.