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From Obasanjo to Buhari how FG s debt profile surged 86 8% to N26 9trn in 21 years
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From Obasanjo to Buhari how FG s debt profile surged 658% to N26 9trn in 21 years
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• FG to seek judicial interpretation of budget appropriation
• Presidency: Nigerians didn’t elect executive, legislature to fight each other
The Director-General of the Budget Office of the Federation, Ben Akabueze, yesterday, hinted that the Federal Government would “at some point” approach the Supreme Court for a judicial interpretation of appropriation as it relates to budgeting.
Akabueze disclosed this at the third edition of the National Leadership Dialogue Series held virtually. The event brought together government officials and members of the civil society organisation to share perspectives on ‘Rethinking economy: From process to funding, budgeting for whom?’
The DG said the executive arm of government was erroneously bashed over what people perceived as poor budgeting whereas the National Assembly played an active role in the process.
Buhari Signs N982Billion Supplementary 2021 Budget
Buhari Signs N982Billion Supplementary 2021 Budget
President Muhammadu Buhari Monday in Abuja signed a supplementary budget of N982.7bn for 2021 to address urgent security and COVID-19 needs of the nation.
The President signed the Supplementary Appropriation Act, 2021 in his office at the State House in the presence of Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, Chief of Staff, Prof. Ibrahim Gambari and Director-General, Budget Office of the Federation, Ben Akabueze and Senior Special Assistant to the President on National Assembly Matters (House), Hon. Umar el-Yakub.
According to a statement by Femi Adesina, of the amount, N123.3 million is for recurrent (non-debt) expenditure while the sum of the N859.3bn is for contribution to the Development Fund for the capital expenditure for the year ending on the 31
He assured that the executive arm of government would ensure the timely delivery of capital projects to achieve the laudable objectives of the budget.
A statement issued by Garba Shehu, Senior Special Assistant to the President on Media and Publicity said of the amount, N123.3 million is for recurrent (non-debt) expenditure while the sum of the N859.3bn is for contribution to the Development Fund for the capital expenditure for the year ending on the 31st day of December 2021.
The brief ceremony was attended by Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, Chief of Staff, Prof. Ibrahim Gambari, Director-General, Budget Office of the Federation, Ben Akabueze, and Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Hon. Umar el-Yakub.
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