President Muhammadu Buhari has signed the 2015 Supplementary Appropriation Bill into Law, his Senior Special Assistant on National Assembly Matter (Senate), Senator Ita Enang, has said.
Enang said that the President has also extended the 2015 financial year to March 31, 2016.
The National Assembly had increased the budget by N108 billion to cover for fuel subsidy for the last quarter of 2015 before passing it into law last month.
Buhari had submitted N465.64 billion as supplementary budget to the legislature, which was dominated by the allocation for fuel subsidy.
In a press statement he issued on Thursday, in Abuja, Enang was however, silent on when the President signed the Supplementary Appropriation Bill into law.
Enang in the statement, tagged: “2015 Appropriation Amendment Act Assented To”, said that “further to several enquiries and calls by legislators, institutions, et al on the subject matter, we deem it appropriate to issue this release. His Excellency, Muhammadu Buhari, President, Commander-in-Chief has assented to the 2015 Appropriation Amendment Act passed by the National Assembly.”
A breakdown of the extra budget showed that N413.36 billion would be for fuel subsidy payment while N10.62 billion was earmarked for the payment of outstanding severance gratuity and allowances of outgone and incoming legislators and legislative aides.
Also, the fight against Boko Haram in the North East zone was allocated N29.96 billion.
Enang said that the President has also extended the 2015 financial year to March 31, 2016.
The National Assembly had increased the budget by N108 billion to cover for fuel subsidy for the last quarter of 2015 before passing it into law last month.
Buhari had submitted N465.64 billion as supplementary budget to the legislature, which was dominated by the allocation for fuel subsidy.
In a press statement he issued on Thursday, in Abuja, Enang was however, silent on when the President signed the Supplementary Appropriation Bill into law.
Enang in the statement, tagged: “2015 Appropriation Amendment Act Assented To”, said that “further to several enquiries and calls by legislators, institutions, et al on the subject matter, we deem it appropriate to issue this release. His Excellency, Muhammadu Buhari, President, Commander-in-Chief has assented to the 2015 Appropriation Amendment Act passed by the National Assembly.”
A breakdown of the extra budget showed that N413.36 billion would be for fuel subsidy payment while N10.62 billion was earmarked for the payment of outstanding severance gratuity and allowances of outgone and incoming legislators and legislative aides.
Also, the fight against Boko Haram in the North East zone was allocated N29.96 billion.
Buhari gives assent to 2015 supplementary budget
Reviewed by Unknown
on
Friday, January 01, 2016
Rating:

No comments: