Breaking: Senate receives 2018 budget report

The Senate Tuesday received the report of the 2018 budget estimates from the Committee Appropriation.

The Chairman of the committee, Sen. Danjuma Goje, laid the report before the Senate in plenary, six months after it was presented by Muhammadu Buhari.

The Senate and House of Representatives had promised to pass the budget April 24, but failed to do so.

There were equally assurances that the budget would be passed in the first week of May but it was not passed.

The Senate had several occasions accused Ministries, Departments and Agencies (MDAs) of not keeping to appointments with the various standing committees to defend their budgets.

Subsequently, the of the Senate, Dr Bukola Saraki, on April 12, mandated the Appropriation Committee to tidy up reports budget latest by April 13.

With this development, the January to December budget cycle would not be obtainable with the 2018 budget.

Buhari had on November 7,2017 presented a budget of N8.6 trillion before a joint session of the National Assembly.

The who announced the 2018 budget as “Budget of Consolidation”, said the projected expenditure would drive rapid economic recovery.

He said the session that with a benchmark of 45 dollars per barrel an rate of N305 to a dollar in 2018, the budget would consolidate achievements of previous budgets to aggressively steer the economy to the path of steady growth.(NAN)