appropriation

Senate Passes N4.695 Trillion Budget

The Nigerian senate has today passed the budget of the sum of N4.695 trillion for the 2014 fiscal year in excess of N53 billion from the initial N4.642 trillion proposed by the Executive. A breakdown of the total budget shows the approval of N2.454 trillion as recurrent expenditure while the capital expenditure got N1.119 trillion approval.
Senate Passes N4.695 Trillion Budget

AMCON Amendment Bill: Senate holds public hearing

In what looks unprecedented in the history of debt recovery and asset management in the banking industry, the Asset Management of Nigeria AMCON has said it has recovered 50 percent of banks’ non-performing loans.
AMCON Amendment Bill: Senate holds public hearing

Finance Minister submits 4.6 trillion naira budget proposal

True to speculations that President Goodluck Jonathan may not present the 2014 budget estimates before the joint session of the National Assembly, the Minister of Finance and the co-ordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has today presented a N4.6 trillion budget estimates excluding...
Finance Minister submits 4.6 trillion naira budget proposal

Senate & House Committees on Interior hold public hearing on CJS

The Senate and House of Representatives Committees on Interior have held a Joint Public Hearing at the Senate wing of the National Assembly on the Criminal Justice System.
Senate & House Committees on Interior hold public hearing on CJS

Service Chiefs confirmed, 2014 budget debate continues

The Nigerian Senate today has confirmed the nomination of service chiefs. Standing in the name of Senator George Thompson Sekibo-Rivers East, motion was made that the Senate do consider the Report of the Joint Committee on Defense, Army & Navy; and Air force on the screening of the nominees
Service Chiefs confirmed, 2014 budget debate continues

Senate mourns Rep Onwana

                           

  • 15Medium term expenditure framework laid
  • 2016 appropriation Report too
  • Annual Report of the auditor –General for the Federation also laid.

The Nigerian Senate today joined its House of Representative, Federal Republic of Nigeria in mourning one of its own, the late Rep. Baba Musa Onwana who represented Nasarawa/Toto federal constituency who died on Thursday, march 17, 2016. The Senate observed a minute silence in his honour.

The senate received the annual report o the Auditor-General for the federation on the accounts of the federation of Nigeria for the years ended 31st December, 2014 in accordance with section 85[2] of the constitution of the constitution of the federal republic of Nigeria.

It also received the report of the conference committee on the 2016 -2017 and 2018 medium term expenditure framework [MTEF] and fiscal strategy paper [FSP].

The senate also received the report of the committee on appropriation on the appropriation bill, 2016.

All reports were laid.

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