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House Concurs with Senate, Approves $1.5bn, €995m External Loans

House Concurs with Senate, Approves $1.5bn, €995m External Loans
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Reps Approve fresh $1.5billion, €995M FG borrowing plan

Reps approve fresh $1.5billion, €995M FG borrowing plan
On
By Tordue Salem
The House of Representatives Thursday, approved the External Borrowing Plan of the Federal Government to the sum of over $1.5billion and €995million.
Besides, it adopted a report of its Finance Committee, to issue from the Statutory Revenue Fund of the Federal Inland Revenue Service (FIRS) the total sum of N 216, 646, 579, 231. 00 (Two Hundred and Sixteen Billion, Six Hundred and Forty–Six Million, Five Hundred and Seventy–Nine Thousand, Two Hundred and Thirty–One Naira).
Out of the sum N107, 521, 496, 984. 00 (One Hundred and Seven Billion, Five Hundred and Twenty–One Million, Four and Ninety–Six Thousand, Nine Hundred and Eighty–Four Naira) only is for Personnel Cost, while the sum of N 56, 469, 218, 415, .00 (Fifty–Six Billion, Four Hundred and Sixty–Nine Million, Two Hundred and Eighteen Thousand, Four Hundred and Fifteen Naira) only is for Over Head Cost, and th ....

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Reps receive Customs, FIRS 2021 budget reports

Vanguard News
Reps receive Customs, FIRS 2021 budget reports
On
By Levinus Nwabughiogu-Abuja
House of Representatives yesterday received the reports of 2021 budgets for both the Nigerian Customs Service, NCS and the Federal Inland Revenue Service FIRS.
While the chairman, House Committee on Customs, Hon. Leke Abejide presented that of Customs, the chairman, Committee on Finance, Hon. James Faleke laid that of the FIRS.
Similarly, the House also consolidated two bills seeking to provide a legal framework for the establishment of national social investment Programmes for the assistance and empowerment of the poor and vulnerable in Nigeria.
Presenting the Customs report, Abejide said the budget of the agency for the 2021 fiscal year stood above N1trillion. ....

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Illegal, strange, sole administrator for NDDC unknown — Senate to Buhari

Illegal, strange, sole administrator for NDDC unknown Senate to Buhari
On
Asks Buhari to forward NDDC 2021 Budget
By Henry Umoru – Abuja
The Senate on Monday took a swipe at President Muhammadu Buhari, describing his appointment of a Sole Administrator for the Niger Delta Development Commission, NDDC as illegal and alien to the Act establishing the Commission.
Speaking on Monday, in Abuja prior to the passage of the NDDC 2020 Budget Estimates during plenary, President of the Senate, Senator Ahmad Lawan noted that though the role of the Sole Administrator is unknown to the law just like the Interim Management Committee, but the Senate opposed the IMC’s dealings with Senate committees, because it was indicted in the embezzlement of four billion, nine million naira under the guise of COVID relief. ....

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Senate Passes N453.2bn NDDC Budget for 2020

By Chuks Okocha
The Nigerian Senate has passed the Niger Delta Development Commission’s N453,200,000,000 budget for 2020.
The budget for the Commission covers capital, personnel expenditure, Overhead Expenditure, Internal Capital Expenditure and Development Projects for the period ending on March 31, 2021.
The passage of the budget was as a result of the consideration of the report by the Chairman, Senate Committee on Niger Delta Affairs, Senator Peter Nwaoboshi, Peoples Democratic Party, PDP, Delta North that the Senate “do receive and consider the report of the Committee on the 2020 Budget estimates…”
The Committee on Niger Delta chairman, Senator Nwaoboshi, who laid the NDDC budget before the Senate said that the Committee carried out a holistic oversight of the Commission and noted that the developmental aspect of the budget was basically a rollover of the 2019 Budget which was in furtherance of the drive to ensure completion of ongoing projects. ....

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