Connect with us

Politics

2021 budget: Buhari seeks Senate’s approval for virement of N276.8bn

Published

on

2021 budget: Buhari seeks Senate’s approval for virement of N276.8bn

President Muhammadu Buhari has sought the Senate’s approval for the virement of N276,757,232,395 to fund expenditures in the 2021 budget.

 

The request which was contained in a letter, titled, “2021 Appropriation Act: Request for Virement to Fund Critical Expenditure” and datedvDecember 16, 2021, was read by the Senate President, Dr. Ahmad Lawan during Tuesday’s plenary.

 

According to President Buhari, the amount would be sourced from the N365 billion Service Wide Vote for Upscaling of National Social Investment Programme, NSIP.

 

The letter reads: “The Senate may wish to recall that I signed the 2021 Appropriation on December 31st 2020, for a total expenditure of N13.588 trillion and a Supplementary Appropriation to cater for critical needs for the Security and Health Sector in the sum of N983 billion on July 26th 2021.

 

“You may also recall that during the signing of the 2021 Appropriation Act, I mentioned that, where necessary, I will revert to the National Assembly with a request for amendment, virement or other appropriate adjustments to ensure that the core objectives of the Budget are accomplished.

 

“Accordingly, the 2021 budget implementation is faced with challenges that will require additional funding for some critical and urgent line items in the budget.

 

“The purpose of this letter, therefore, is to forward the comprehensive Virement Proposal for the consideration and approval of the National Assembly.

 

“The details of the expenditures proposed for the virement are attached herewith as schedule 1 while Schedule 2 shows the sources of the funds to be vired for the items in Schedule 1.

 

“In the light of the above, I implore the Senate to urgently consider the virement proposals to support our efforts to improve the well-being of our citizens.

 

“Please accept, Distinguished Senate President, the assurances of my highest regards.”

 

A breakdown of the virement request detailed by the Federal Ministry of Finance, Budget and National Planning showed that N199,129,053,400 was for payment of local contractors debts, public service wage adjustment for MDAs, OSSAP SDGs Projects 3 and Group Life Assurance for all MDAs.

 

In addition, N4,500,821,569 is for the Federal Ministry of Education, N2,335,167,265 for the Nigeria Airforce, N4,617,811,857 for the Ministry of Defence, N25 billion naira for the National Assembly in settling minimum wage areas of National Assembly Staff and Intervention to settle outstanding liabilities owed local contractors.

 

Others are N20,038,920,773 for the Federal Roads Maintenance Agency, FERMA, N762,678,972 for the Nigeria Correctional Services, N592 million naira for the Federal Roads Safety Commission, FRSC as financial assistance for the execution of 2021 End of Year Special Patrol Operation.

 

Also, the sum of N19,780,778,558 was funding for the Federal Medical Centre, Katsina, University of Maiduguri Teaching Hospital, Ahmadu Bello Teaching Hospital, Zaria, Usman Danfodio University Teaching Hospital, Sokoto, Lagos University Teaching Hospital, University of Nigeria Teaching Hospital, Enugu, University of Benin Teaching Hospital, and Jos University Teaching Hospital.

 

Meanwhile, the Senate yesterday passed a bill to amend the 2021 Appropriations Act.

 

The bill sponsored by the Senate Leader, Yahaya Abdullahi, scaled through second and third reading after it was considered.

 

The 2021 Appropriations Act (Amendment) bill seeks to extend the implementation of the capital aspect of the Appropriation Act 2021 from December 31, 2021 to March 31, 2022.

Facebook Comments Box

DOWNLOAD ROYAL NEWS eCOPY March 28, 2022


Copyright 2022 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.

Contact: info@royalnews.com.ng

Download ROYAL NEWS app

Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Latest news

Trending