Sunday, July 15, 2018
Advertisement

N30bn smuggled into power budget, says Abaribe

N30bn smuggled into power budget, says Abaribe
June 22
07:58 2018
Advertisement

Enyinnaya Abaribe, chairman, senate committee on power, steel development and metallurgy, says N30 billion was smuggled into the power budget.

He said the N30 billion was listed for expansion and re-enforcement of infrastructure in the distribution companies to reduce stranded firms.

The senator said his committee was not aware of the insertion.

He said: “The amount never passed through the senate power committee. Where did such huge sum of N30 billion come from?

“Let the budget office and other relevant bodies conduct self examination. Such self examination will go a long way to clear gray areas.”

Meanwhile, the south-east senate caucus has expressed shock over the cut in the budget allocation for the Enugu airport terminal.

Abaribe, chairman of the caucus, said an emergency meeting of south-east lawmakers had been summoned to unravel when the cut was effected and by who.

The senator said, “no right thinking Igbo man would support any cut on allocation for projects in the south-east region”.

He said the budget documents were verifiable and noted that “we are committed and determined to find out who made the cut”.

Abaribe said members of the caucus actually lobbied for the Enugu airport terminal allocation to be increased to N3.5 billion until the ministry of aviation told them that it could not be increased beyond the N2 billion allocation.

President Muhammadu Buhari signed the 2018 budget on Wednesday, revealing that the national assembly made cuts amounting to N347 billion in the allocation to 4,700 projects submitted to it for consideration.

He also said 6,403 projects were injected by the lawmakers, amounting to N578 billion.

The president said many of the project cuts were critical and may be difficult, if not impossible, to implement with the reduced allocation.

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. Permission to use quotations from this article is granted subject to appropriate credit being given to www.thecable.ng as the source.
Tags
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Your email address will not be published.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

July 11, 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