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Services Front Page Back Page Advert Rates Subscription News Home National International Business News Abuja Reports Sports Politics Sun Girl Editorial Editorial Issues Letters Opinion Columnists Community Standard Guestbook View Guestbook Sun Chatroom   Features Apettit Arts BlockBuster CEO Magazine Celebrity Fashion City Sun Crime Watch Covert Choice CyberSun Enterprise Everyday Heroes Exquisite Property Fashion & Celebrity Fashion & Beauty Favourite File Health Magazine How I write Life Style Living Mafia Series Man in the street Man in the pulpit Managing a Law Firm Me & My God Media People Money Motoring Power Game Romance Romantic Faction Senior Citizen Showtime Smoking Guns Sun Splash Sunlight of Islam Travels Window of the world Window on widows Woman of the Sun Women in Business Women & Me Videoscope Weekend Sun Saturday Sun Sunday Sun Weekend Sports Weekend Cartoons Company Profile About Us Management Contact Us   Budget 2005: OBJ addresses N’Assembly next week By JOE OBI and TONY ICHEKU, Abuja Thursday, October 7, 2004   National Index In a bid to prevent delay in the passage of the 2005 budget, President Olusegun Obasanjo would on October 12, 2004 present the 2005 budget estimates to a joint session of the National Assembly. In a letter to the Senate President, Adolphus Wabara, Obasanjo said he had originally intended to present the budget on September 30 to enable the legislature "have three months till the end of December to consider it", but regretted that the last recess could not make this possible. "I will request that you grant me permission to formally present the 2005 budget to the joint sitting of the National Assembly week after you resume, i.e., on the 12th of October, as we have customarily done in the past", the president’s letter, read during Tuesday’s plenary session, said. Meanwhile, Wabara has said the early presentation of the budget would afford the legislature "ample time to extensively deliberate and pass the bill so that our people whom we represent would feel an early impact of its dividends". Wabara, who stated this in an address to welcome his colleagues back from recess, further disclosed that Nigeria is bidding to host the Inter- Parliamentary Union (IPU) Congress in 2007, and expressed the hope that the bid would receive the blessing of the federal government. Meanwhile, president Obasanjo has presented the National Lottery Bill to the senate for consideration and passage. The bill, according to the president’s letter, seeks to provide for the operation of the national lottery and the establishment of the National Lottery Regulatory Commission "for the regulation of the business of national lottery in Nigeria as well as the establishment of a National Lottery Fund". Also Tuesday, the president sent proposed amendments to a bill for an Act to "enable effect to be given in the Federal Republic of Nigeria to the Treaty between Nigeria and the Democratic Republic of Sao Tome and Principe on the Joint Development of Petroleum and other Resources in areas of the Exclusive Economic Zone of the two states". Obasanjo noted that following persistent concern raised by the contractors of the "Joint Development Zone (JDZ) Block 1 during the PSC negotiations on the Special Regime Area, government has accepted to effectively return the Special Regime Area of OPL 246 to the JDZ.             HOME | ABOUT THE SUN | SPORTS | POLITICS | NEWS | COLUMNISTS | CONTACT US I ADVERT RATE © 2004 THE SUN PUBLISHING LTD. This service is provided on The Sun Newspapers' standard terms and conditions in accordance with our Privacy Policy. To inquire about a licence to reproduce material and other inquiries, Contact Us.

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