• Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
Monday, March 27, 2023
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News
      President Muhammadu Buhari, President of Nigeria

      Buhari Rejects NASS Bill To Summon President, Govs

      CEO, Araba Tech, Amb. Segun .H. Olugbile

      Araba Tech Boss Receives ‘PAN African Technology Icon Of the Year’…

      Hon. Anthony Chinasa-Abiola

      PRNigeria Fact-Check Reveals Identity of Abia Assembly’s Member-Elect, Anthony Abiola

      IBB Never Disapproved of Tinubu’s Victory – PRNigeria Fact-check Reveals  

  • Business
    • Central Bank of Nigeria, CBN

      Credit To Private Sector Increase By N212bn In February

      Foreign Airlines

      Airfares Rise As Foreign Airlines Hike Exchange Rate

      Jumoke Oduwole, the Special Adviser to the President on Ease of Doing Business

      Gombe Retains Top Position As Easiest State For Business – PEBEC

      Nigerian Stock Exchange, Stock, Nigerian Exchange Limited

      In One Week, Stock Investors Record N13bn Loss

      Stacks of Dollar Bills, Dollar

      Foreign Reserves Drop By $1.43bn In Ten Weeks

  • Features
    • AllInsightOpinion
      Nigeria Population

      Nigeria’s Population is a lot less than 220 million, by Tope…

      E-Naira, Godwin Emefiele, CBN

      e-Naira: Taking Agriculture in Nigeria to New Technological Heights, by Abdulrahman…

      New Naira Notes, Naira Scarcity, Cash Crunch, Naira Redesign

      Naira redesign implemention failure and its consequences

      Gidado Yushau Shuaib, Media, Communications Specialist

      Kwara Politics and Ward-to-ward Campaign – A Personal Experience, by Gidado…

  • FAAC
    • FAAC

      FAAC: FG, States, LGAs Share N722.677 for February

      FAAC

      Kano, Lagos, Get Massive Share As LGs Share N2trn

      FAAC

      FG, States, LGCs Share N990.189bn In Dec 2022

      FAAC

      FAAC Shares 902.053 billion for November

      FAAC

      Fuel Subsidy Unsustainable, Rising Public Debt Worrisome – FAAC

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      Old Naira Notes

      Despite Acceptance of Old Notes, Crowd Overwhelm Banking Halls

      Naira Redesign: Reps Urge CBN to Revamp e-banking Platforms

      TAX

      FG Announces Removal Of 5% Tax On Calls, Data

      Court Judiciary Justice, Court, Judiciary

      FG Loses Suit To Recover N70trn Loot Over Poor Prosecution

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Yusuf Alli @60: Unveiling an Investigative Journalist Par Excellence

      Pantami’s grand exposés on Cybersecurity and the Datafication of Society

      The Inimitable Kongi at 88

      The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo

      Adeniyi Adebayo: Unsung, Silent Strides in Economic Diversification

      Shettima: Nigeria’s Modern Day Philosopher-King

  • Special Focus
    • Maraba Takushara Community

      SPECIAL REPORT: Maraba Takushara, an FCT Community Under Siege… So Close…

      Yahaya Bello’s Health Initiatives: Building Nigeria of his Dreams in Kogi

      Model Science Secondary School: Yahaya Bello’s Gift to Future Generations

      Yahaya Bello, PWDs and the Love of Humanity

      Travelogue: Yahaya Bello and the Audacity to Dream (1)

Home Financial NASS To Transmit N17trn Budget To Buhari Today – Lawan
  • Financial

NASS To Transmit N17trn Budget To Buhari Today – Lawan

By
Economic Confidential
-
December 23, 2021
The Nigerian Senate
The Nigerian Senate
FIRS

NASS To Transmit N17trn Budget To Buhari Today – Lawan

 

The President of the Senate, Ahmad Lawan, says the National Assembly will on Thursday transmit the 2022 Appropriation Bill to President Muhammadu Buhari to sign into law.

Lawan gave the hint on Wednesday in his remarks at the close of plenary.

The House of Representatives had on Tuesday passed the budget proposal while the Senate passed the appropriation bill on Wednesday.

Just as the House did earlier on Tuesday, the Senate raised the total estimates of the Federal Government’s budget from the proposed N16.391tn to N17.126tn.

The oil benchmark was raised from the proposed $57 per barrel to $62.

The Senate President stated that timely assent to the bill would ensure the commencement of its implementation by January next year.

Lawan added that businesses operating in the country as well as the economy stood to be impacted positively by the timely passage of the budget by the National Assembly.

Lawan said, “For the 2022 Appropriation Bill, we are expecting that the bill will be cleaned up between today (Wednesday) and tomorrow (Thursday), and we hope that by tomorrow, the bill will be sent to Mr. President for his assent. We are very optimistic that Mr. President will assent to the bill like he did for 2020 and 2021, so that by January 2022, the implementation of the budget 2022 will commence by the grace of God.

“We have seen the benefits of passing and assenting to the budget in good time, especially when we had to fight COVID-19.

The Senate President further hinted that the chamber would consider the report of the Committee on the Review of the 1999 Constitution as soon as it is presented early next year.

“When we return, we have one major legislation that has not been attended to at all as a chamber, and that is the constitutional amendments. Our committee on the review of the 1999 Constitution has been doing its work. But as a chamber, we haven’t finished working on it. We are expectant that our (Senate) Committee on the Review of the Constitution will be presenting the report to this chamber as soon as we resume. The committee has done so much, and the report is almost ready.

“When we harmonise with our colleagues in the House (of Representatives), we should be able to vote on the issues that will particularly bring about peace, unity and good government in our country, before such bill will be sent to the State Houses of Assembly for concurrence.

“On the whole, we must thank Almighty God that almost all those major items we reflected in our legislative agenda as a chamber has been attended to.””

Lawan reminded his colleagues of the role of the Senate as an institution to stabilise the polity, particularly against the backdrop of issues likely to surface ahead of the 2023 general elections.

“Next year, by the grace of God, will be the last lap of our tenure. So, we have a lot to ensure that we finish all the things that we have pencilled down for ourselves and, of course, there are many other issues that from time to time will be coming up in our polity. This Senate is supposed to play that role of stabilising the polity in Nigeria. I dare say that the members of the National Assembly, particularly the Senate, are a stabilising institution in the polity of Nigeria,” he said.

naij new

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

 
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Ahmad Lawan
  • N17 Trillion
  • National Assembly
  • Nigerian Senate
  • President Muhammadu Buhari
Previous articleFG Generates N2.56trn From Petrol, Kerosene, Diesel Sales In 13 Months
Next articlePetrol Subsidy Rises, Hits N1.16trn In 11 Months
Economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

Old Naira Notes
Financial

Despite Acceptance of Old Notes, Crowd Overwhelm Banking Halls

Business

Naira Redesign: Reps Urge CBN to Revamp e-banking Platforms

Business

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigeria Banks Healthy

Business

Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS

nupeng
Business

Naira, Fuel Scarcity: 24.8m Nigerians Projected to Face Hardship – Report

Old Naira Notes
Business

New Notes Dry up as Old Cash Circulation Improves

SEMA

Book on Sales: Boko Haram Media War: An Encounter with the Spymaster

boko haram

Click Here: To Order Now!

PRNigeria FEEDS

Loading RSS Feed

EDITOR PICKS

Central Bank of Nigeria, CBN

Credit To Private Sector Increase By N212bn In February

Business March 27, 2023
Foreign Airlines

Airfares Rise As Foreign Airlines Hike Exchange Rate

Business March 27, 2023
Jumoke Oduwole, the Special Adviser to the President on Ease of Doing Business

Gombe Retains Top Position As Easiest State For Business – PEBEC

Business March 27, 2023

POPULAR POSTS

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business10113
  • Monetary2759
  • Financial2424
  • Featured Post2195
  • National News1886
  • News1843
  • Editors Pick1678
  • Opinion1070
  • Features707
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: [email protected]
FOLLOW US
© 2017 Economic Confidential . All Rights Reserved.
X whatsapp