Wednesday 23 September 2015

House Uncovers Extra Budgetary Spending

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The House of Representatives has questioned an extra budgetary spending of over 222 billion Naira for fuel subsidy by the Executive.
The Chairman of the Ad-hoc committee on the Non-Implementation of the Capital Component of the 2015 Budget, Aliyu Pategi, made the discovery during a presentation from the Ministry of Finance on Tuesday.
The committee once again queried the presentation from the Ministry of Finance and the agencies that appeared before the committee.
The Chairman of the House Committee, inquired if a figure of 222 billion Naira said to be spent on fuel subsidy crisis was contained in the budget.
The lawmakers also queried an extra 615 billion Naira loan raised by the Executive without recourse to the National Assembly.
The Committee, however, said the next step would be to submit its report to the House for consideration.

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