• Wed. May 8th, 2024

DòtunRoy.com

We Break the News

FINANCE NEWS Social Development

Saraki wants Buhari to assent to PIB, other bills

ByNews Editor

Dec 21, 2018 #BUHARI, #Saraki

The President of the Senate, Dr. Bukola Saraki, has urged President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill(PIGB) and other bills critical to national development.

Saraki said this in his opening remarks at the 2019 budget presentation by President Muhammadu Buhari, the speech was however not delivered at the ceremony, but was made available to newsmen.

He noted that in response to the economic recession, the National Assembly passed a number of bills to assist the executive mobilise investment into the country to stimulate economic activities.

He said the PIGB alongside National Transport Commission Bill and Federal Road Authority Bill, had not been signed into law, contrary to the expectations of many.

“Let me make it clear that the National Assembly appreciates Your Excellency’s assent to some of these bills.

“We recognise the prerogative of the president to sign or not to sign these bills.

“However, we believe that some of the issues cited for withholding assent may be better addressed through further technical engagements, since the bills are, in the main, aligned to government policy direction,’’ he said.

Saraki said unless the country’s laws were improved upon to create the right structures that enable the private sector to power the economy, job creation and opportunity to thrive and prosper would be difficult.

“I must commend the President for the Social Investment Programme initiative.

“However, as laudable as this initiative has been, it is pertinent to note that the current approach is unlikely to have a sustainable, measurable impact that is free of corruption and abuse.

“You will agree with me that such a programme should carry no whiff of politicisation. Our role as leaders must always be to ensure that we deliver governance results that do not discriminate.

“We should also ensure that all Nigerians irrespective of ethnicity, religion and political stride have access and are seen to be treated equally,” he said.

Saraki expressed the National Assembly’s readiness to work with Buhari on the peoples-oriented programmes of the administration to ensure success.

He assured the President that the assembly would continue to work with him and his team to ensure that whatever was required through legislation and oversight to plug revenue leakages and ramp up revenues was given priority.

Buhari on Wednesday unveiled a budget of N8.83 trillion for 2019.

The budget is N300 billion lower than the N9.1 billion being implemented in the current fiscal year.

The sum of N4.04 trillion or 50.31 per cent is earmarked for recurrent expenditure and N2.03 trillion representing 22.98 per cent is for capital projects.

Other estimates are N492.36 billion for Statutory Transfers, N2.14 trillion for Debt Servicing and N120 billion as Sinking Fund.

The budget is based on an oil production estimate of 2.3 million barrels per day and an exchange rate of N305 per dollar.

Other benchmarks are Real Gross Domestic Product (GDP) growth rate of 3.01 per cent and inflation rate of 9.98 per cent.

The total projected revenue is N6.97 trillion, which is three per cent lower than the 2018 estimate of N7.17 trillion.

The expected incomes consist of oil revenue projected at N3.73 trillion, and non-oil revenue estimated at N1.39 trillion.

Meanwhile, estimate from non-oil revenue consists of N799.52 billion from company income tax; N229.34 billion from value added tax, and customs duties of N302.5 billion.

“Other revenues expected in 2019 include various recoveries of N203.38 billion; N710 billion as proceeds from the restructuring of government equity in joint ventures, and other sundry incomes of N104.1 billion.

The N8.83 trillion proposed expenditure for 2019 includes grants and donor funds amounting to N209.92 billion.

The budget deficit is projected to decrease to N1.86 trillion or 1.3 per cent of the GDP in 2019 from N1.95 trillion projected for 2018.

On sectoral allocation, the Ministry of Interior would get N569.07billion, Defence-N435.62 billion, Education-N462.24 billion and Health, N315.62 billion.

By News Editor

Our News Editor, Muyiwa is an information management expert and Development Blogger with more than a decade experience in investigative reporting and journalism. He is passionate about human angle stories to all social issues in Nigeria and Africa.

Related Post

FINANCE NEWS Politics
#Corruption: EFCC Releases List of Past Governors with Worst Track Records with Public Funds
May 4, 2024 News Editor
Advertorial Entertainment LIFESTYLE NEWS
#Seychelles2025: Africa to host First FIFA Beach Soccer World Cup in 2025!
May 4, 2024 News Editor
Human Rights NEWS Social Development
AAN Donates First VesicoVirgina Fistula Centre to Gwarinpa Hospital, Abuja
May 3, 2024 News Editor
115 thoughts on “Saraki wants Buhari to assent to PIB, other bills”

  9. Spot on with this write-up, I seriously believe this web site needs much more attention.
    I’ll probably be back again to read more, thanks for the information!

  10. We’re a group of volunteers and opening a new scheme in our community.
    Your web site offered us with valuable info to work on. You
    have done a formidable job and our entire community will
    be grateful to you.

  12. Simply wish to say your article is as astounding. The clarity in your put up is just cool and i can assume you’re a professional in this subject.
    Well with your permission allow me to snatch your feed to keep up to date with coming near near post.
    Thanks 1,000,000 and please keep up the rewarding work.

  14. I have been browsing online more than three hours today, yet I
    by no means discovered any attention-grabbing article like yours.
    It’s pretty value enough for me. In my opinion, if
    all webmasters and bloggers made just right content material as you did, the net shall be much more
    useful than ever before.

  15. I’ve been surfing on-line more than three hours these days, but I by
    no means found any fascinating article like yours. It is lovely price sufficient for me.
    In my view, if all site owners and bloggers made just right content material as you probably did, the web shall be a
    lot more helpful than ever before.

  17. Simply want to say your article is as amazing. The clearness to your publish is just cool and i could think you
    are knowledgeable on this subject. Well along with your permission let me to seize your feed to stay up
    to date with coming near near post. Thanks one million and please
    continue the gratifying work.

  20. Hey would you mind letting me know which hosting company you’re using?

    I’ve loaded your blog in 3 different internet browsers and I must say this blog
    loads a lot faster then most. Can you recommend a good web hosting provider
    at a reasonable price? Thanks, I appreciate it!

  27. I do not even know how I ended up here, but I thought this post
    was good. I don’t know who you are but definitely you
    are going to a famous blogger if you are not already
    😉 Cheers!

  28. Good post. I learn something new and challenging on sites I stumbleupon every day.
    It’s always interesting to read articles from other authors and
    practice a little something from other websites.

  30. Hey there would you mind sharing which blog platform you’re using?
    I’m looking to start my own blog in the near future but I’m having a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then most
    blogs and I’m looking for something unique.
    P.S My apologies for being off-topic but I had to ask!

  33. Discount Tadalafil Tablets Viagra Online Uk Paypal Venta De Viagra Original levitra prices Need Generic Real Progesterone Pills Internet Cheapeast Free Shipping Stockton Side Affects To Amoxicillin In Children Viagra Authentique

  42. Hello there! This post couldn’t be written any better!
    Reading through this post reminds me of my previous room mate!
    He always kept talking about this. I will forward this page
    to him. Pretty sure he will have a good read. Many thanks for sharing!

  58. Greetings from Los angeles! I’m bored to tears at work
    so I decided to browse your website on my iphone during lunch break.
    I enjoy the information you present here and can’t
    wait to take a look when I get home. I’m amazed at how
    quick your blog loaded on my phone .. I’m not even using
    WIFI, just 3G .. Anyhow, very good blog!

  61. Good web site you’ve got here.. It’s hard to find high quality writing like yours these days.
    I honestly appreciate individuals like you! Take care!!

  62. Hello There. I found your blog the usage of msn. That is a very smartly written article.
    I’ll make sure to bookmark it and return to
    read extra of your useful information. Thanks for the post.
    I will certainly return.

  63. My brother recommended I might like this blog. He was entirely right.
    This post actually made my day. You can not imagine simply
    how much time I had spent for this information! Thanks!

  64. Hey there! I know this is somewhat off topic but I was wondering which blog platform are you using for this
    website? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options
    for another platform. I would be fantastic if you could point me in the direction of a
    good platform.

  65. Hmm is anyone else experiencing problems with the pictures on this blog loading?
    I’m trying to determine if its a problem on my end or if it’s the blog.
    Any responses would be greatly appreciated.

  70. We absolutely love your blog and find the majority of your
    post’s to be what precisely I’m looking for. Does one offer
    guest writers to write content in your case? I wouldn’t mind publishing a post or elaborating on many of the subjects you write concerning here.
    Again, awesome site!

  74. I am really inspired together with your writing
    skills as smartly as with the format on your
    blog. Is this a paid topic or did you modify it yourself?
    Anyway stay up the excellent high quality writing, it’s uncommon to
    look a nice weblog like this one nowadays..

  78. It is actually a great and useful piece of info. I’m satisfied that you just shared this helpful info with us.
    Please stay us informed like this. Thanks for sharing.

  79. I’ve been surfing online more than 3 hours these days, yet I
    by no means found any attention-grabbing article like yours.
    It’s lovely price sufficient for me. Personally, if
    all web owners and bloggers made excellent content material
    as you probably did, the internet will be much more helpful than ever before.

  83. Fascinating blog! Is your heme custom made or did you download
    iit from somewhere? A therme like yours with a ffew simple tweeks would really make my log shine.
    Please let me know where you got your design. Kudos

  87. Hello There. I found your blog the usage of msn. That is
    a very well written article. I’ll make sure to bookmark it and come back to learn extra of your helpful
    information. Thanks for the post. I’ll definitely comeback.

  95. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my
    blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time and was
    hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly enjoy reading your blog and
    I look forward to your new updates.

  97. I’m truly enjoying the design and layout of your site.
    It’s a very easy on the eyes which makes it
    much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your
    theme? Outstanding work!

  101. Wonderful work! This is the kind of info that are supposed to be shared across the internet. Shame on the search engines for not positioning this put up higher! Come on over and discuss with my website . Thanks =)

Leave a Reply to gamefly

Your email address will not be published. Required fields are marked *