Senat Passes FCT, NDDC Budgets

The Senate on Tuesday passed the Federal Capital Territory (FCT) 2014

Appropriation Bill of N271 billion for the financial year commencing

from Jan. 1 to Dec. 31, 2014.

The News Agency of Nigeria (NAN) reports that the passage followed the

consideration of the report of the Senate FCT Committee on the FCT

Appropriation Bill 2014.

Sen. Domingo Obende, the committee’s Vice Chairman, who presented the

report, said the passage of the budget would enhance the development of

the territory for the benefit of its residents.

A breakdown of the budget shows that N161.8 billion was earmarked for

capital expenditure, N49.2 billion for personnel cost, while N60.37

billion was earmarked for overhead.

Highlights of the budget include the allocation of N31 billion for

transport sector, six billion naira for security, five billion naira for

education, amongst others.

In a related development, the Senate on Tuesday approved N322.6 billion

as 2014 Appropriation for the Niger Delta Development Commission (NDDC)

The Chairman, Senate Committee on Niger Delta, Sen. James Manager, said

the NDDC 2014 budget was based on a revenue projection of N322.6 billion

out of which N295.05 billion was for development projects.

The recurrent expenditure for the NDDC in 2014 was estimated at N25.27

billion, representing 7.83 per cent of the total revenue of N322.6

billion while non-project capital expenditure is N2.28 billion.

In 2013, the commission was allocated N286.45 billon for development

projects while recurrent expenditure was N26.97 billion.

Comments

Support For GEJ: C C Okirie Commends PDP In Rivers State

A frontline politician in Rivers State Chief Chukwuma Chinwa Oikrie has commended the leadership of the Peoples Democratic Party in Rivers state under the leadership of Bro. Felix Obuah (Go Round) for the support the party has given to President Goodluck Jonathan’s second term bid. Chief Okirie made this known at Omoku Town the headquarters of Ogba/ Egbema / Ndoni local government area over the weekend when the Party opened the Campaign Office of President Goodluck Ebele Jonathan in the LGA. While thanking the state Chairman for his support, Chief Okirie stated that with the support the President has received from the party in the state, there was even no need for him to come and campaign personally. “With the tremendous support the people of the state have accorded the President, I think he should go and rest. It is even immaterial if he comes to campaign personally because the people of the state are behind him. We will give him the traditional 100% votes we have alway...

DEFECTIONS: Why Saraki, Dogara Others Must Heed Sen. Ibrahim's Call by Comrade Nwokoma Ndubuisi M.

The gale of defections in the National Assembly last week was followed by an advice from no one else than Sen. Abu Ibrahim that the Senate President Dr. Bukola Saraki as well as the Speaker of the House of Representatives Yakubu Dogara and others in the fold of the All Progressives Congress APC that are still masquerading in the party should resign their membership of the party. This call which also implies that they resign their positions as leaders of the various arms of the National Assembly is yet to be complied with by those concerned as at the time of writing this piece Whatever their reasons for still staying put in the party may be, the fact of the matter is that their continued stay in the party has become a sore which must be extricated from the body. As I watched through the proceedings of the defections on national television, I wept for the country for producing such leaders that lack morality despite all the party has given them politically which they ordin...

“Stop Harassing Atiku’s Business Interests”- CC Okirie

A Port Harcourt based businessman and politician Chief Chukwuma C. Okirie has called on the Federal Government of Nigeria not to use or allow any of its agencies, parastatals or departments to be used in intimidating or harassing any business interest (s) of former vice President Alhaji Abubakar Atiku. Chief CC Okirie who is also the National Coordinator of Project AA a socio political group with wide follower-ship across the country said the former vice president of the country has sacrificed so much for democracy in the country and should not be subjected to any form of harassment due to his political ideology or aspiration. Chief Okirie who briefed newsmen during the meet the media chat with newsmen on the activities of his group PROJECT AA said it was high time Nigerians are allowed to speak their minds or aspire for any position of their choice without being witch hunted by authourities. He lamented that some people who believe they have some people in particular...

newsman

Search This Blog