Wednesday, October 17, 2018
Advertisement

Senate approves N234bn for 2019 elections

Senate approves N234bn for 2019 elections
October 11
12:36 2018
Advertisement

The senate has approved N234.51 billion for the Independent National Electoral Commission (INEC) for the 2019 elections.

The money was approved after Danjuma Goje, chairman of appropriation committee, presented a report for the consideration of senators.

Of the sum approved, N189 billion was based on President Muhammadu Buhari’s while N45 billion is statutory transfer.

Statutory transfers are mandatory expenditures made annually by the federal government for certain institutions of which INEC is one. The transfers are made to ensure the independence of such agencies.

At the upper legislative chamber on Thursday, Goje said the N189 billion vired through recurrent, capital and service wide votes of the 2018 budget.

Ike Ekweremadu, deputy senate president, had suggested that the approval should be suspended till next week in order to have a full report.

He said the interim report presented by Goje did not have the budget for the security agencies.

But Ahmed Lawan, senate leader, objected to Ekweremadu’s position.

“We should approve the budget now and approve that of the security agencies next week,” Lawan said.

On his part, Barau Jibrin, senator representing Kano north, said INEC needed the funds urgently.

“It requires urgency. We will wait for the security agencies to bring their budgets,” Jibrin said.

Senate President Bukola Saraki sought the views of other members of the upper legislative chamber before the money was approved.

The 10-week recess of the national assembly had delayed the approval, sparking fears that the 2019 elections might be postponed.

INEC had demanded N242 billion for the next general election.

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

 
Advertisement

Advertisement
Advertisement
 

Exchange Rates

October 15, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement