ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, May 17, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
House of Representatives plenary [PHOTO CREDIT: @HouseNGR]

House of Representatives plenary [PHOTO CREDIT: @HouseNGR]

2022 budget scales second reading in House

The House adjourned plenary for three weeks to enable committees hold budget sessions with MDAs.

byBakare Majeed
October 15, 2021
2 min read

The 2022 Appropriation Bill has passed the second reading in the House of Representatives.

The House passed the budget on Thursday after debate on its general principles for two days.

It thereafter adjourned plenary for three weeks to enable committees hold budget defence sessions with ministries, departments and agencies.

At the resumption of debate on Thursday, Wale Raji (APC, Lagos) faulted the proposed exchange rate in the bill.

He noted that the N410.15 to a Dollar is a further devaluation of the Naira. The lawmaker argued that the government should move to strengthen the Naira, not weaken it the more.

According to Mr Raji, a weakened Naira will “further impoverish Nigerians as the country is an import-dependent economy and devaluation of its currency over the years has not benefitted the people in any way.”

He added: “It has led to high rate of inflation, drastic reduction in the purchasing power of the citizens, increased cost of doing business, corruption and brain drain, particularly among our highly skilled professionals. Rather than this continued devaluation of our currency, I recommend that efforts should be geared towards strengthening of the Naira.”

Also, he called for the scrutiny of the petroleum subsidy operation by the Nigerian National Petroleum Corporation (NNPC).

“The freedom presently enjoyed by NNPC to determine the cost of importing petrol and deducting same from the country’s oil revenue account has been a source of concern to Nigerians”, he said.

Speaking on the budget, Babajide Obanikoro (APC, Lagos) called for increment in the allocation to the development of the Mines and Steel sector. He also called for the review of the allocation to the education sector.

Ben Mzondu (PDP, Benue) said the embargo by the government on recruitment into the civil service is contributing to the rising insecurity in the country.

1X Bet AD

“As we speak there is a general embargo on employment, we must be disciplined enough to ensure that government cut unnecessary spending in their recurrent expenditure,”

Ben Igbakpa (PDP, Delta) raised concern about the use of funds in the Excess crude account by the executive.

Other lawmakers, who spoke, include Yusuf Gagdi (APC, Plateau), Ahamd Satomi (APC, Borno), Olanrewaju Oladapo (APC, Ogun), Chiwere Igwe, Oguma Johnson (APC, Edo), Uyime Idem (PDP, Akwa-Ibom), Dachung Bagos (PDP, Plateau) and others.

After the two days of debate on the N16.39 trillion budget, when the deputy speaker, Idris Wase, who presided at the end of the session, put the motion to question, the “ayes had it.”

The bill was referred to the committee on appropriation for further legislative action.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

CITIZEN-FM AD


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: To place an advert here . Call Willie - +2348098788999


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes





PT Mag Campaign AD

Previous Post

How NSA denied governors end user certificates for drones – Fayemi

Next Post

NEMA calls for urgent measures to prevent disasters in Niger, Kwara

Bakare Majeed

Bakare Majeed

More News

The president of the African Development Bank Group (AfDB), Akinwumi Adesina

Adesina rejects presidential election nomination form

May 17, 2022
Deborah Samuel

Alleged Blasphemy: Police declare suspects wanted, release picture

May 17, 2022
Minister of Transportation Rotimi Amaechi

Amaechi resigns as minister, seeks Buhari’s support

May 17, 2022
Nigeria Police Officers

Six suspected IPOB members killed in Imo

May 17, 2022
BREAKING BANNER

Many feared dead in explosion in Kano

May 17, 2022
Coup Talk and Echoes of a Banana Republic, By Azu Ishiekwene

Nigerian Army kills four IPOB members in fierce encounter

May 17, 2022
Next Post
NEMA

NEMA calls for urgent measures to prevent disasters in Niger, Kwara

Nigerian Police on patrol

Police arrest suspected kidnappers of nursing mother, daughter

Leave Comment

Search

AUN-PT Ad





Transport-Technology


Stanbic Ad


Access Bank Ad





Glo Ad


Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,838,814 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • Dubawa
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.