A Review of the Nigerian Energy Industry

Senate passes 2015 Budget

28 April 2015, Abuja – The Senate, Tuesday, passed the  sum of N4.493 trillion budget  for the  2015 fiscal year, but with an increment of  N135.4 billion above what the executive arm of government earlier prepared and submitted to  the National  Assembly  for approval.

Senate chamber of the Nigerian national assembly.
Senate chamber of the Nigerian national assembly.

The passage followed the adoption of the report of the Senate Committees on Appropriations and Finance on the 2015 Appropriation Bill, tabled before the Red Chamber by the Chairman, Senate Committee on Appropriation, Ahmed  Maccido, APC, Sokoto North, during its plenary.

But Chairman, Senate Committee on Public Accounts, Ahmad Lawan, APC, Yobe North, hinted that in spite of the passage, the National Assembly was still be expecting the President-elect, Muhammadu  Buhari,  to  send a supplementary budget to the 8th  Assembly, when  he assumes power from   May  29, 2015.Lawan faulted the budget passed, saying there was no balance between capital allocation and recurrent expenditure proposed just as he regretted that the passage of the budget was  carried  out late by the legislature.

– Vanguard
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