Acting President Goodluck Jonathan will today sign the 2010 budget into law.
Ima Niboro, senior special assistant on media and publicity to the acting president, told State House correspondents, last night, that Jonathan will sign the financial document by 10a.m at the Presidential Villa. The agreement to sign the budget into law was reached Tuesday night between Jonathan and the leadership of the National Assembly at the Aguda House.
In the appropriation bill passed by both arms of the National Assembly awaiting acting president’s assent today, the government is to spend N4.61 trillion, representing a 13.3 percent rise over the original N4.097 trillion.
The harmonised figure also pushed the deficit to N1.521 trillion, representing about five to six percent of the country’s Gross Domestic Product (GDP).
The budget is also premised on an oil price benchmark of $67 per barrel and output of 2.35 million barrels per day, up by 13 percent from the proposed 2.088 million barrels per day. Acting President Goodluck Jonathan was said to have been locked in a meeting with the leadership of the National Assembly at the Presidential Villa on Monday over the 2010 budget.
Reports had it that he had been dissatisfied with aspects of the 2010 appropriation bill passed by the National Assembly, imploring the lawmakers to make amends to the bill as passed, especially as it relates to the projects whose contracts had already been awarded but had now been removed from the budget by the National Assembly.
The budget was passed on March 25.
By Horatius Egua; Thursday, 22 April 2010
Ima Niboro, senior special assistant on media and publicity to the acting president, told State House correspondents, last night, that Jonathan will sign the financial document by 10a.m at the Presidential Villa. The agreement to sign the budget into law was reached Tuesday night between Jonathan and the leadership of the National Assembly at the Aguda House.
In the appropriation bill passed by both arms of the National Assembly awaiting acting president’s assent today, the government is to spend N4.61 trillion, representing a 13.3 percent rise over the original N4.097 trillion.
The harmonised figure also pushed the deficit to N1.521 trillion, representing about five to six percent of the country’s Gross Domestic Product (GDP).
The budget is also premised on an oil price benchmark of $67 per barrel and output of 2.35 million barrels per day, up by 13 percent from the proposed 2.088 million barrels per day. Acting President Goodluck Jonathan was said to have been locked in a meeting with the leadership of the National Assembly at the Presidential Villa on Monday over the 2010 budget.
Reports had it that he had been dissatisfied with aspects of the 2010 appropriation bill passed by the National Assembly, imploring the lawmakers to make amends to the bill as passed, especially as it relates to the projects whose contracts had already been awarded but had now been removed from the budget by the National Assembly.
The budget was passed on March 25.
By Horatius Egua; Thursday, 22 April 2010
Comments
Post a Comment