Osinbajo seeks national assembly’s nod to reallocate N135bn in 2017 budget


Acting President Yemi Osinbajo has submitted a proposal to the National assembly for the approval of N135.6 billion to augment the 2017 budget.

Osinbanjo said the money is to cover major projects in the Ministry of Power, Works and Housing.

A similar request was also presented to the National Assembly in 2016 when President Muhammadu Buhari requested for the approval of additional N180 billion to beef up the 2016 budget.

The House of Representatives approved the President’s request at N208 billion following recommendations from its committee on appropriation, while the Senate, on its part, approved a higher sum of N213 billion, also relying on the report of its appropriation committee.

Osinbajo’s virement application could be a way of making up for the reductions in the 2017 budget of the Ministry of Power, Works and Housing as alleged by Babatunde Fashola, who oversees the ministry.

Fashola had complained that funds for key projects under his ministry were unilaterally slashed by the Senate without seeking necessary clarifications.

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.