By Our Reporters
For much of last week and Wednesday, December 19, 2019, there were fears, that Bukola Saraki theSenate President and Yakubu Dogara, Speaker, House of Representatives may not want to give President Muhammadu Buhari, the necessary Cooperation to allow him present the 2019 fiscal budget to the joint session of the National
The fear became heightened when the Saraki led Senate
The Value News learnt that the All Progressive Congress, APC, Senators did everything within their powers to get the PDP Senators to support the Presidential nominees for the anti-graft agency board but got it wrong. The anger of the PDP Senators was the lopsidedness in the EFCC nomination that had been made by Buhari since 2016.
The Senators were also said to have suspended the confirmation of the Chairman and members of
Given the frosty relationship of the National Assembly and the Executives, many have expected Buhari to face a hostile joint NationalAssembly in the presentation of the 2019 budget.
The shout of Amen by the Lawmakers to his opening speech that the budget presentation may be his last for his first term in office may have sent a signal to him that winning the 2019 Presidential election against his closest rival Atiku Abubakar the PDP Presidential
The President may have lost his cool when he saw the way things were going that he had no option but to advise the Lawmakers to be ”cautious and mindful of the importance of the day as the whole world
A source told The Value News that security operatives including the Department of State Security, DSS, personnel, took over the N
He may have contradicted himself when he said the ”economy has recovered from recession”, forcing the Opposition PDP lawmakers to ”boo and jeer” at him. They may have their reason. He had told the governors last week to tightened up their belt because the ”economy was in bad shape”.
Buhari, the APC, Presidential Candidate, may have turned the Hallowed Chambers of the2019 Budget presentation as a Campaign ground when he said the ”APC government have done more work with
Yemi Osibanjo, Vice President, said that much during theVice Presidential Debate to prepare the ground for the Presidential for the 2019 Presidential election. The claim that the APC had more in reshaping the economy with
In presenting the N8.83 trillion, 2019 proposed
Giving a breakdown of the budget, the President disclosed that it has been prepared on the assumptions of the sales of 2.3 million barrels at the International oil market per day at $60 based on an official exchange rate of N305.00 to one United States dollar.
Out of the total budget, he said N4.04 trillion would be spent on recurrent expenditure while N2.031 would be spent on Capital Expenditure, Debt Service- N2.14 trillion, Statutory transfer- N492.36 billion, and Sinking Fund -N120 billion.
He further said that N65 billion for
Being an election year and to ensure adequate security to give the electorate confidence in casting their votes in all states of the federation including the Boko Haram troubled states of Adamawa, Borno , Yobe,in the northeast , the Buhari led APC government was said to have allocated the lion share of the budget to the ministries and agencies concerned with the internal and external security of the nation. They are the ministries of Interior and Defense. The ministry of Interior has Abdulrahman Dambazau,
668 total views, 2 views today