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Independentng.com homepage - Home of Independent Newspapers Nigeria LimitedReps begin debate on 2005 budget today

Last Updated: Wednesday, October 27th, 2004 HOME | Previous Page

Reps begin debate on 2005 budget today

By Uchenna Awom

National Assembly

Correspondent, Abuja

Members of the House of Representatives will today commence debate on the 2005 Appropriation Bill which was presented to the joint session of the National Assembly by President Olusegun Obasanjo on October 12.

On Tuesday, the plenary heard from the Chairman of its Committee on Internal Affairs, Ehiogie West Idahosa, that SAGEM, the company handling the National Identity Card project, is owed N9 billion by the government and has threatened to sack its Nigerian staff as well as abandon the project.

Briefing reporters on the budget, the Chairman House Committee on Appropriation, Gabriel Suswan, and his Finance Committee counterpart, Farouk Lawan, said all is set for the House to commence debate on the proposals today since the Presidency has forwarded the breakdown and the revenue profile.

A partial breakdown was received by the House last Thursday while the revenue profile got to it only on Tuesday. Suswan hopes that the complete breakdown will be forwarded before the conclusion of debate.

The House had last week, through its Chairman, Media and Public Affairs, Abike Dabiri, complained that the Presidency was delaying work on the budget by not forwarding the breakdown a week after the budget was presented.

Giving the summary of the revenue profile, Lawan said the government expects N987 billion from its share of oil revenue, N25 billion from value added tax (VAT), N92 billion from the customs and excise, N100 billion from companies’ income tax and N100 billion from independent revenue, totalling N1.304 trillion, against N1.122 trillion from the same source in the 2004 fiscal year.

Idahosa urge the House to stop SAGEM from abandoning the job, for which a proper contract was entered into until the bribery scandal involving it and some top government officers and politicians burst open last year.

He also told the House while presenting his committee’s report that there is a short fall of N5.1 billion in the overhead and personnel costs in the 2004 allocation to the Prisons, leading to threats of a strike by officers.

The committee recommended that the shortfall be captured in the 2005 budget but only when the 2004 problem has been properly addressed, and that its capital allocation be raised in the 2005 budget to enable it implement prison reform.

 

 


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