12 February 2013

Nigeria: Presidency, National Assembly Reach Truce On 2013 Budget

As part of the truce reached towards the resolving the 2013 budget impasse between the National Assembly and the Presidency, President Goodluck Jonathan is expected to submit a supplementary budget bill to the National Assembly to cover cost of Personal Cost and other capital expenditure after the signing of the appropriation bill between now and Friday.

This is even as the Principal Officers of the National Assembly will be meeting with National Working Committee (NWC) members of the Peoples Democratic Party (PDP) Wednesday at the Presidential Villa, Abuja

The overhead cost, a senior presidency source told THISDAY was moved by the National Assembly to cover the cost of their various constituency projects, explaining that the problem in the first place was caused by the Federal Ministry of Finance that handed the preparation of the 2013 Appropriation Bill to financial consultants that removed the entire National Assembly Constituency Projects from the Budget Bill.

This caused the federal lawmakers to move part of the over head cost to cover their constituency projects.

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