2023 Appropriation Bill Scales Second Reading In NASS
Written by Olarotimi Oshin on October 12, 2022
The 2023 appropriation bill of 20.5 trillion naira has passed through second reading in the Senate and the House of Representatives.
Reports received from the national assembly today reveal that the upper chamber referred the bill to its Committee on Appropriation for further legislative action and expressed dissatisfaction over the rise in recurrent expenditure which is up from over 6 trillion naira this year to over 8 trillion budgeted for next year.
According to the lawmakers, Nigeria cannot continue to borrow to fund 1 percent of its population. Subsequently, the Senate asked its committee to report back in four weeks.
It adjourned its sitting for the next four weeks to allow its various committees to work on the 2023 budget estimates as well as a budget defence by various ministries, departments, and agencies.
Similarly, the lawmakers of the green chamber commended President Muhammadu Buhari for the Intervention Fund for the Academic Staff Union of Universities, as well as the improvement in the budget of the judiciary; but questioned the parameters to be used to fund the budget, describing them as unrealistic.
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