Lawan Knocks Buhari Over Preparation Towards COVID-19 Vaccination
The National Assembly on Monday approved N13.588 trillion as the 2021 budget against the N13.08 trillion earlier presented by President Muhammadu Buhari in October.
This shows an increase of about N505 billion.
The Senate explained that the budget was increased because of the late receipt of spending from the executive.
“There was also the late receipt of spending request for the upscaling of the National Social Investment Programme (NSIP) from the executive amounting to N365 billion.
The discovery of under projection of the total revenue to the tune of N100 billion,” the Senate said.
While a total of N496.528 billion was approved for statutory transfer, the National Assembly also approved N3.324 trillion for debt servicing.
N4.125 trillion was approved for capital expenditure and N5.641 trillion for recurrent expenditure.
Benchmark price of crude oil was fixed at $40 per barrel; crude oil production at 1.86mbpd; exchange rate at N379/$, and Gross Domestic Production (GDP) growth rate at 3.00 percent.
The Senate also explained that it has approved N5.196 trillion as a deficit, which will be financed by some multilateral and bilateral project-tied loans worth N709 billion.
For capital expenditure in the year 2021, the sum of N24,090,340,416 was budgeted for the presidency; N127,850,984,984 for Ministry of Defence; N7,994,280,245 for Ministry of Foreign Affairs; N19,721,066,865 for Federal Ministry of Information and Culture; N38,846,293,565 for Ministry of Interior; N2,491,111,568 for Office of the Head of the Civil Service of the Federation; N218,432,074 for Auditor General of the Federation; N17,882,480,948 for Ministry of Police Affairs; N17,664,285,343 for Ministry of Communication and Digital Economy, and N45,647,587,613 for the Office of the National Security Adviser.
Others are the Infrastructure Concessionary Regulatory Commission, N353,678,953; Office of the Secretary to the Government of the Federation, N45,637,061,225; Special Duties and Intergovernmental Affairs, N8,872,787,424; Federal Ministry of Agriculture and Rural Development, N211,077,457,584; Federal Ministry of Finance, Budget and National Planning, N376,359,450,498; Federal Ministry of Industry, Trade and Investment, N64,760,781,172; Federal Ministry of Labour and Employment, N63,526,109,193; Federal Ministry of Science and Technology, N107,061,118,360; Federal Ministry of Transport, N209,736,113,910; Federal Ministry of Aviation, N70,189,215,332, and Federal Ministry of Power, N206,745,895,389.
In addition, N3,340,140,120 was approved for Ministry of Petroleum Resources; N12,605,747,806 for the Ministry of Mines and Steel Development; N399,694,565,222 for the Federal Ministry of Works and Housing; N110,455,765 for the National Salaries and Wages Commission; N261,170,602 for the Fiscal Responsibility Commission; N159,745,000,315 for the Federal Ministry of Water Resources; N5,097,558,027 for the Federal Ministry of Justice; N1,363,636,403 for the Independent Corrupt Practices and other related offences Commission; N37,330,762,421 for the Federal Capital Territory Administration.
The sum of N22,024,592,197 was approved for the Ministry of Niger Delta Affairs; N10,639,249,276 for the Federal Ministry of Youth and Sports Development; N11,204,210,256 for Ministry of Women Affairs; N156,172,307,765 for the Federal Ministry of Education; N134,591,025,027 for Federal Ministry of Health; N24,554,710,490 for Federal Ministry of Environment; N4,839,951,093 for National Population Commission, and N75,768,539,782 for the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.
Meanwhile, the President of the Senate, Ahmad Lawan, has warned that the National Assembly would not approve another request from the executive to extend the capital implementation of the 2020 budget.
Lawan stated this in his remark after the upper chamber passed a N13.58 trillion budget for the 2021 fiscal year.
According to the Senate President, the National Assembly’s approval granting extension for the implementation of the capital component of the 2020 budget, last week, should therefore be fully utilised by Ministries, Departments and Agencies of government.
He added that the extension of capital implementation of the 2020 budget till March 31, 2021, alongside implementation of the 2021 budget starting in January 2021 would guarantee sufficient injection of funds into the economy.
Meanwhile, the upper chamber of the National Assembly has adjourned plenary till January 26.
Similarly, the House of Representatives also passed N13.588 trillion as the country’s budget for 2021.
The figure was up by N505 billion from the original estimate of N13.08 trillion President Buhari laid before a joint session of the National Assembly on October 8.
The House approved $40 as the crude oil benchmark.
It approved N4.1 trillion for capital expenditure, N5.6 trillion for recurrent expenditure and N3.3 trillion for debt servicing.
The sum of N496 billion was also approved for statutory transfers by lawmakers on Monday.
Speaker of the House of Representatives, Femi Gbajabiamila, said that 9th National Assembly passed the budget in record time to keep to the promise made during its inauguration.
Lawan also expressed his displeasure about the federal government preparation towards vaccination of Nigerians, adding that the level of preparedness leaves much to be desired.