The senate on Wednesday approved
the conference committee report of the 2018 appropriation bill.
The upper legislative chamber
approved of it after Danjuma Goje, chairman of the appropriation committee,
moved for its consideration.
Goje said the conference
committee harmonised some words and phrases in the bill that were not the same
when both chambers of the national assembly last week.
“The house version clause 10,
introduced a new clause, condition for foreign loan,” the senator said.
In November, President Muhammadu
Buhari presented to a joint session of the national assembly a proposed sum of
N8.6 trillion for 2018.
He proposed N3.5 trillion as
recurrent (non-debt) expenditure, while N2.4 trillion was earmarked for capital
expenditure.
But the national assembly raised
the budget by N500 billion making it N9.1 trillion. The oil benchmark was also
increased from $45 to $51 per barrel.
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