JUST IN: 2020 budget scales second reading in Senate

By Makuochukwu Emmanuel   3 weeks ago   222
Politics - Top Stories

The 2020 Appropriation Bill, submitted to the National Assembly last week by President Muhammadu Buhari, on Tuesday, scaled second reading on the floor of the Senate.

The upper chamber has subsequently, adjourned plenary till 29th November, 2019, to enable Ministries, Departments and Agencies (MDAs) of government defend their respective budget proposals before the Committees of the Senate.

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In his concluding remark during the last day of debate on the 2020 budget estimates, the Senate President, Ahmad Lawan, identified revenue generation as a major challenge of the budget.

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According to a statement from Ezrel Tabiowo, Special Assistant (Press) to the Senate President, he said successful implementation of the budget may be difficult to realise until proactive measures are taken to address the situation.

He said: “We are seriously challenged in the area of generating revenues, and it appears that until something drastic is done, this shortage of revenue will continue to militate against the implementation of the budget.

“We have to continuously engage the revenue generating agencies and schedule quarterly evaluation to be handled by our relevant committee, particularly the Senate Committee on Finance.

“We need to look at how we can enhance the capital allocation. The shortage of funds will militate against that.

“We have serious challenge when only thirty per cent is devoted to capital budget; but that is an improvement from what we inherited from 2014 when the allocation was fifteen per cent. But that is not to say we cannot do better.”

On recurrent expenditure, he said “We have so many agencies of government, over six hundred of them and we have to pay.

“Probably, we need to look at how we can streamline the agencies; that is not to say that we will lay off workers, but we must establish the functionality and usefulness of these agencies.

“We also need to look at the direction of Public Private Partnership, especially in the laying of physical infrastructure. We can concession our roads, instead of taking money from China.

[NewsNaira]


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Olawale Adigun
3 weeks ago

Alright go ahead


(Quote) (Likes: 2)
Nelson Nnamdi
3 weeks ago

Good benefit 


(Quote) (Likes: 1)


 

scales second ready
(Quote) (Likes: 1)
Oraedu Christian
3 weeks ago

That's so fast they should  mass it


(Quote) (Likes: 1)

alright ho aheahd


(Quote) (Likes: 1)
Rufus Ezekiel
3 weeks ago

Empty budget 


(Quote) (Likes: 1)
Gabriel Opande
3 weeks ago

we are hearing oh🧐😪😐 🇳🇬


(Quote) (Likes: 1)

That's a good one, thumps up. 


(Quote) (Likes: 1)
Eze Vincent
3 weeks ago

it is good


(Quote) (Likes: 1)

Let the meetings bring forth fruit


(Quote) (Likes: 1)

Go ahead oooo lo


(Quote) (Likes: 1)

that is great 


(Quote) (Likes: 1)
Mercy Aboego
3 weeks ago

Already and activation


(Quote) (Likes: 1)
Joshua Ayanfe
3 weeks ago

2020 Budget 

 

 


(Quote) (Likes: 1)
Abiodun Olayinka
3 weeks ago

The budget for this year


(Quote) (Likes: 1)
Adewale Adetunji
3 weeks ago

Good benefits


(Quote) (Likes: 1)
Bamalli Habu
3 weeks ago

Cool go ahead


(Quote) (Likes: 1)
Winner
3 weeks ago

Good night and I will chat with you about the man who has been in the hospital for


(Quote) (Likes: 1)
Ajishe David
3 weeks ago

We are all ears ooo


(Quote) (Likes: 1)

they should go ahead with their budget

 

 


(Quote) (Likes: 1)


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