Senate, House of Reps to resume Tuesday

Sunset at the National assembly
Sunset at the National Assembly

The National Assembly will resume sitting Tuesday weeks after lawmakers took a break to prepare for the now postponed 2015 elections.

The Senate will resume plenary meeting, the Chairman for the Committee on Rules and Business, Ita Enang, told PREMIUM TIMES.

He said the Senate would use the opportunity presented by the postponement to work on the bills they previously put off pending the elections.

“We are resuming to work on the budget proposals,” Mr. Enang said. “We are going to use the advantage of this postponement of election and take on those bills which we ought to have taken on immediately after the election. So, since the election has been shifted forward, we have to shift backward. Our plan is on bills that we have to work on before the election.”

Senators went on recess January 14 in order take part in election campaigns in their respective states.

The 2015 general elections, which were scheduled for February 14 and February 28, have since been moved to March 28 for the presidential and National Assembly polls and April 11 for the governorship and House of Assembly elections.

The 2015 Appropriation Bill is top on the agenda for Tuesday. The Bill, which was submitted by the Finance Minister, Ngozi Okonjo-Iweala, in December, passed second reading before the lawmakers went on recess.

The bill seeks to authorize the issuance, from the consolidated revenue fund of the federation, over N4.3 trillion as against the 2014 budget of N4.6trillion.

The breakdown of the budget includes the statutory transfer, which cost over N411 billion, the debt service – over N943 billion, the recurrent (non-debt) expenditure over N2.6 trillion, and the contribution to the development fund for capital expenditure, N387billion.

The parameters of the 2015 budget include the benchmark oil price of $65 per barrel, projected oil production of 2.2782million barrels per day and the average exchange rate of N165 per dollar.

Other bills at the top of the list to be treated are the Petroleum Industry Bill, Medium Term expenditure framework, conclusion of the amendment of the Constitution and the profit of the amendment of the constitution.

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