2018 Budget Faces Fresh Threats From Lawmakers
It seems members of the House of Representatives are ready for a showdown with the President over the 2018 budget.
The lawmakers have described the funding of the budget, particularly the capital component, as “poor and far from encouraging.”
Investigations shows that very dear to the hearts of the members are their zonal intervention projects, which have been neglected by the Executive.
There is a provision of about N100bn in the budget for the zonal intervention projects of members of the National Assembly.
However, it was learnt that the releases so far made did not cover the zonal projects.
The Federal Government plans to spend N8.60tn in 2018.
While work is progressing on next year’s budget, the 2017 budget of N7.441tn will run until May, 2018.
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