Tuesday 19 May 2015

President Jonathan signs N4.425tn 2015 budget


It appears President Goodluck Jonathan may have signed the 2015 Appropriation Bill weeks ago, however, it is only just becoming public knowledge.
The Senate had passed the 2015 budget on April 28, following the passage of the same bill by the House of Representatives on April 23.
According to a report by Punch Newspapers, the reason for the budget-signing being shrouded in secrecy could not be ascertained.
A Presidency source told the newspaper that the President signed the budget about two weeks ago immediately after the document passed by the National Assembly was transmitted to him.
The source also claimed ignorance as to why the President chose to sign the document without the knowledge of the public.
Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, reportedly confirmed that Jonathan had signed the budget.
However, he also could not explain why the document was quietly signed by the President.
In passing the budget, the Senate slightly reduced the N2.607,601, 000,300 proposed by the Executive to N2.607,132,491,708 as recurrent expenditure and also scaled down the capital expenditure from N642,848,999,699 estimated in the proposal to N556,995,465,449.

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