Nigeria Lawmakers Reconvenes today to Consider Election Budget


Buhari asked lawmakers to approve supplementary spending plans

General elections are scheduled to take place in February

Nigerian lawmakers will return from their recess next week to consider spending proposals for general elections due to take place in February, House of Representatives Deputy Speaker Yusuf Lasun told reporters in the capital, Abuja.

President Muhammadu Buhari on July 17 sent a supplementary budget to lawmakers, asking them to reallocate 229 billion naira ($632 million), partly to help prepare for the vote in which he will seek re-election. While estimated cost of the general elections is 242 billion naira, Burari proposed lawmakers should approve allocating 164 billion naira to the electoral body immediately, and the remainder from the 2019 budget.

The lawmakers had adjourned for recess until Sept. 25.

Buhari’s supplementary budget came less than a month after he signed into law the 2018 budget of 9.1 trillion naira, which was 5.8 percent bigger than what he proposed in November.

Previous articleBREAKING: Truck loses control, crushes 15 vehicles on Abuja/Keffi highway
Next articleTurkey’s Currency Collapse Sinks Emerging Markets as Bond Yields weaken further
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

Leave a Reply

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