Politics
Reps reject N134bn allocation to National Assembly in 2022 budget
The House of Representatives on Thursday rejected the N134 billion allocated to the National Assembly in the 2022 Budget.
The House Spokesman, Benjamin Kalu, who addressed his colleagues during the debate on the budget in Abuja, said despite the increase in the statutory transfers in the 2022 budget, the percentage of transfers to the National Assembly did not reflect the increase.
He stressed that the allocation was too small.
Kalu said: “This concerns the House. It concerns the House because, the statutory transfer as we have mentioned, there is an increase from N484.49 billion to N768.28 billion and that is a reflection of a 58.7 percent increase. This was an increase of about N283.79 billion. Do you know that this increase does not reflect in the amount that comes to the National Assembly?”
READ ALSO: National Assembly sets date to pass 2022 budget
“But remember, when we had a budget with lower aggregate expenditure, it was reduced from N150 billion to N128 billion. Though, we have the challenges of our forex and the challenges of purchasing power of the currency; what we have is N134 billion. Do you know what N134 billion represents for the statutory transfer?
“Let me give you this example; in 2019, we had N125 billion given to the National Assembly and that is at the level of 1.42 percent of the N8.83 trillion. In 2020, we had N128 billion given to National Assembly. That was a reduction from 1.42 to 1.18 percent of that N10.8 trillion.
“In 2021, we were given N134 billion which now represents 0.98 percent of N13.1 trillion but this year, we are given N134 billion again which is now representing 0.82 percent of N16.3 trillion here.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...