EconomyNews

Senate approves Buhari’s N213bn virement

The National Assembly yesterday approved the virement of N213 billion from the 2016 Appropriation Act.

President Buhari had requested N180bn virement but both chambers of the National Assembly jerked up the figure by over N33bn.

While the House of Representatives passed the virement last Tuesday and jerked it up to N208billipn, the Senate passed it yesterday and raised it to N213billion.

The approval of the virement was sequel to the adoption of the report of the Senate Committee on Appropriation, chaired by Senator Danjuma Goje (APC, Gombe).

Goje said N25 bn was provided for the payment of local contractors and N5bn for Sustainable Development Goals (SDGs) in the Ministry of Housing.

The breakdown of the virement approval for recurrent shows that Public Service Wage Adjustment (PSWA) N71.8billion; Contingency N1.2billion; margin for increase in cost (MIC)N2billion; cadet feeding (Police Academy, Kano) N932million and Amnesty Programme N35billion.

Others are internal operations of the Armed forces N5.2billion, Operation Lafiya Dole N13.9 billion, National Youth Service Corps (NYSC) N19.7billion, Foreign Missions N16.3billion and augmentation of meal subsidy/ direct teaching and laboratory cost N900million.

Others are, Public Complaints Commission N2.5bn,the Nigerian Air Force (NAF) N12.7billion and Presidential Initiative for the North East (PINE) N1.5billion, payment of local contractors N250 billion and N5 billion was for Sustainable Development Goals (SDGs) in the Ministry of Housing.

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