By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Budget office: Allocation for n’assembly renovation is N9bn — NOT N27bn
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Budget office: Allocation for n’assembly renovation is N9bn — NOT N27bn
News

Budget office: Allocation for n’assembly renovation is N9bn — NOT N27bn

Fesadeb
Last updated: 2020/06/05 at 2:47 PM
Fesadeb Published June 5, 2020
Share
SHARE

The budget office says the allocation for the renovation of the National Assembly Complex in the 2020 budget is N9.25 billion.

Ben Akabueze, budget office director-general, cleared the air on Thursday while reacting to reports on the planned renovation.

He said the allocation, which was initially N37 billion, was cut down by 75 percent to N9.25 billion, and not N27 billion as quoted by some reports.

“The provision for renovation/retrofitting of the National Assembly (NASS) Complex in the revised budget is N9.25bn, not N27bn as being bandied around,” Akabueze said via a statement.
bahis
“The initial provision of N37bn in the 2020 Appropriation Act for this was cut by 75% due to the impact of Covid-19 on government revenues.”

He also said the allocation for universal basic education and basic healthcare provision fund was not slashed but was adjusted to fit the one percent of the consolidated revenue fund as stipulated by the law.

“Therefore, when the Covid-19 pandemic eroded the CRF, the budgetary provisions were automatically adjusted in accordance with the applicable laws,” Akabueze said.

President Muhammadu Buhari had signed a budget of N10.5 trillion into law but the impact of the coronavirus pandemic caused the federal government to make some adjustments in the allocations.

The revised appropriation bill is now being considered by both chambers of the national assembly.

Source: The Cable

You Might Also Like

SDP Zonal Chairman in Kaduna Dies in Road Crash

Swift Action by Oyo Firefighters Prevents Petrol Tanker Explosion

Dowen College Graduates Earn Multi-Million Dollar Scholarships to Study Abroad

Wike Declares End to Rivers Political Crisis, Vows Loyalty to PDP

Tinubu Urges Nigerians in Saint Lucia to Uphold Host Country’s Laws

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb June 5, 2020 June 5, 2020
Share this Article
Facebook Twitter Email Print
2 Comments
  • libido gummies says:
    February 17, 2025 at 7:50 pm

    Worrying libido gummies has been truly the journey. As someone keen on habitual remedies, delving into the world of hemp has been eye-opening. From CBD grease to hemp seeds and protein powder, I’ve explored a disparity of goods. Undeterred by the gallimaufry local hemp, researching and consulting experts acquire helped cruise this burgeoning field. Complete, my knowledge with hemp has been confident, oblation holistic well-being solutions and sustainable choices.

  • delta 9 gummies says:
    February 21, 2025 at 5:39 pm

    CBD products present a convenient and enjoyable way to sustain the effects of this compound. These gummies check in in various flavors, potencies, and formulations, providing users with controlled dosing and long-lasting effects. Profuse consumers recognize them championing relaxation, pain relief. Degree, it’s important to waste them responsibly, as effects may take longer to recoil in compared to smoking or vaping. Usually check dosage guidelines and effect compliance with nearby laws sooner than purchasing or consuming.

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?