Latest breaking news stories on Budget in Nigeria

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The Senate on Tuesday at plenary passed the Nigerian Customs Service (NCS) 2020 budget of N238.15 billion amidst dissenting views by some senators. The passing of the budget followed the presentation of a report on the budget by the Senate Committee on Customs, Excise and Tariff and consideration of the report. Some of the senators at plenary had raised concerns that budget report presented by the Senate Committee on Customs, Excise and Tariff was not detailed. The senators, had noted that the report presented by the Committee Chairman, Sen. Francis Alimikhena (APC -Edo) was not tidy, noting that some of the figures were not adding up. They also noted that the NCS like other Ministries, Departments and Agencies (MDAs) have for the past six years not submitted their audited reports. The senators who kicked against the report, noted that Customs cannot be getting seven per cent from revenue collected, two percent from all Value Added Tax (VAT), allocation from federation account and other revenues and still be receiving allocation from the Federation Account. In his contribution on the report, Sen. James Manager (PDP-Delta) said : “This report is too scanty for us to look at. “The Committee should have taken a proper look at the report before submitting it to us. “We need to look at the federation account properly.” Sen. Gabriel Suswam said that before the Customs budget could be passed, proper explanation should be made, so that the senate would understand why some figures are not adding up. Sen. Solomon Olamilekan (APC-Lagos) had earlier observed that the seven per cent allocated to Customs from revenue generated was enough to defray its expenditure. He, however, said NCS was still drawing funds from the federation account despite the allocation of 7 per cent. Sen. Matthew Urhoghide (PDP-Edo) said, “The fact that Customs is collecting seven per cent does not mean that its budget should not be audited.” Sen. Ibn Na’allah, (APC -Kebbi) said: “This Senate has a duty to bring all agencies into conformity with the vision of federal government. “We must bring our institutions to conform with what will make the country proud. “We can’t pass this kind of budget.” But Sen. Adamu Alerio (APC -Kebbi ) in his contribution urged the Senate to pass the budget given the steering performance of NCS in revenue generation in 2019 and improved welfare of its personnel. Earlier, Sen. Alimikhena while presenting the committee’s report explained that the proposal was based on Federal Government’s Medium Term Expenditure Framework (MTEF). He said a total expenditure of N238.15 billion was being proposed for the year 2020. Highlights of the budget proposal, according to him includes, the establishment of the E-Customs Project through massive deployment of information communication technology to eliminate personal interface in customs operations. The implementation of the Nigeria Customs Service Salary Structure for 15,892 officers and men of the Service; the recruitment of three thousand two hundred (3,200) officers and men and their training among others. In his remarks after the passage of the budget, President of the Senate, Ahmad Lawan said: “We expect MDAs to present their audited accounts before the end of the year especially towards the end of December or at least the first quarter of the year. “If any agency refuses or fails without any cogent reason, we have reason to take a drastic action when it comes to appropriation because not to account for what you have been given in the previous year, that is to say you are not prepared to take a new budget. “So I’m advising the MDAs, especially those that are not up to date with their audited accounts to do so. “We could decide as a National Assembly to take measures against agencies of government that are not up to date with their audited accounts.” NAN

Headline News

Senate passes N238.15bn budget for Nigerian Customs Service

The Senate on Tuesday at plenary passed the Nigerian Customs Service (NCS) 2020 budget of N238.15 ...

North Central

Benue Assembly Passes N189.5 Billion Budget For 2020

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Lagos Assembly Passes N874 bn Budget for 2019

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Headline News

NASS Budget Grows from N6.9 billion in 1999 to N139 billion in 2018 – ICPC Chairman

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PSC Promotes Four AIGs, 13 CPs, Others

Matawalle Presents N145.4b 2021 Budget To Zamfara Assembly

Ogoni Stakeholders Happy Over Sack Of HYPREP Project Coordinator

NRC Generates N1.4bn IGR, Remits N245m To TSA In 2020

Buhari Signs Revised 2020 Budget Friday – Presidential Aide

Senate passes N238.15bn budget for Nigerian Customs Service

Benue Assembly Passes N189.5 Billion Budget For 2020

I Was Not Elected To Fight Executive, Says Gbajabiamila

Senate Seeks Return of Budget Cycle to Jan-Dec

Surviving University Life As Fresher

Lagos Assembly Passes N874 bn Budget for 2019

Tips on Travelling on Budget

NASS Budget Grows from N6.9 billion in 1999 to N139 billion in 2018 – ICPC Chairman

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