>
Showing posts with label Confusion Continues as Federal Government Unveils 2 Versions of Signed Budget. Show all posts
Showing posts with label Confusion Continues as Federal Government Unveils 2 Versions of Signed Budget. Show all posts

Tuesday 24 May 2016

Confusion Continues as Federal Government Unveils 2 Versions of Signed Budget

According to a new report, two versions of the 2016 National budget have been released as 'the amended copy', but the drama surrounding the controversial budget may not have seen its last days following agitations from civil society organisation and concerned Nigerians that the budget office uploaded the full version of the 'final amended' 2016 budget.


The budget office also uploaded the same on a ministry-by-ministry basis, showing a few discrepancies in the budget of the ministry of solid minerals. Prime among the discrepancies was the inclusion of N795,234,275 for a website update for the ministry.



It was learnt that in the full budget, N795.2 million was included for the website update, alongside another N49,764,000 for 'upgrading and maintenance of SIGTIM title management software and mco’s official website; development of in-house support software for database cleaning and synchronization; internet/web access services (bandwidth and domain subscription)'.
                               
However, in the ministry’s budget, N795.2 million was missing, while the N49.7 was retained. Some other items raised were retained in the signed budget, including the N3,914,197,062 for 'annual routine maintenance of villa facilities by JBN'.

According to the budget, the presidency will still be spending N340 million in purchasing BMW saloon cars, while N500 billion set aside for vulnerable Nigerians.


From Full version of the signed Budget

Recall that the budget has been fraught with controversy. It went missing, was padded, and eventually scrutinised to rid it of all sorts of errors, but these discrepancies seem unending, as the final copy has now shown.


                                 


On the bright side, the N60 billion 'rail construction of the coastal railway project from Lagos to Shagamu to Ijebu Ode to Ore to Benin city to Sapele to Warri to Yenegoa (with siding to Otuoke) to Port Harcourt to Aba to Uyo to Calabar (with branch line from Benin city to Abudu to Agbor to Uko to Ogwashiuku to Asaba to Onitsha including the Onitsha railway bridge) rail line project' was included in the signed budget.