Just Vibes

National Assembly frowns at allocation for lawmakers in the 2022 budget

National Assembly frowns at allocation for lawmakers in the 2022 budget

The House of Representatives has faulted the N134billion allotted to the National Assembly within the 2022 Appropriation invoice.

 

Describing the funds as too small, the spokesman of the House, Benjamin Kalu, stated the proportion of transfers to the National Assembly didn’t mirror the rise within the quantity of statutory transfers within the 2022 funds. He famous that when the House had a funds with combination decrease expenditure, it was from N150billion to N128billion.

 

“This concerns the House. It concerns the House because, the statutory transfer as we have mentioned, there is an increase from N484.49 billion to N768.28 billion and that is a reflection of 58.7 percent increase; an increase of about N283.79 billion. Do you know that this increase does not reflect in the amount that comes to the National Assembly?”

But bear in mind, once we had a funds with decrease combination expenditure, it was lowered from N150 billion to N128 billion although, now we have the challenges our foreign exchange and the challenges of the buying energy of the foreign money; what now we have is N134 billion? Do you already know what N134 billion represents for the statutory switch?

Let me provide you with this instance; in 2019, we had N125 billion given to the NASS and that’s on the degree of 1.42 p.c of the N8.83 trillion.

In 2020, we had N128 billion given to National Assembly. That was a discount from 1.42 to 1.18 proportion of that N10.8 trillion.

In 2021, we got N134 billion which now represents 0.98 p.c of N13.1 trillion however this 12 months, we’re given N134 billion once more which is now representing 0.82 p.c right here,” he stated.

 

Related posts

Leave a Comment

WayOut CM uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More