housing

Senate Passes N4.695 Trillion Budget

The Nigerian senate has today passed the budget of the sum of N4.695 trillion for the 2014 fiscal year in excess of N53 billion from the initial N4.642 trillion proposed by the Executive. A breakdown of the total budget shows the approval of N2.454 trillion as recurrent expenditure while the capital expenditure got N1.119 trillion approval.
Senate Passes N4.695 Trillion Budget

AMCON Amendment Bill: Senate holds public hearing

In what looks unprecedented in the history of debt recovery and asset management in the banking industry, the Asset Management of Nigeria AMCON has said it has recovered 50 percent of banks’ non-performing loans.
AMCON Amendment Bill: Senate holds public hearing

Finance Minister submits 4.6 trillion naira budget proposal

True to speculations that President Goodluck Jonathan may not present the 2014 budget estimates before the joint session of the National Assembly, the Minister of Finance and the co-ordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has today presented a N4.6 trillion budget estimates excluding...
Finance Minister submits 4.6 trillion naira budget proposal

Senate & House Committees on Interior hold public hearing on CJS

The Senate and House of Representatives Committees on Interior have held a Joint Public Hearing at the Senate wing of the National Assembly on the Criminal Justice System.
Senate & House Committees on Interior hold public hearing on CJS

Service Chiefs confirmed, 2014 budget debate continues

The Nigerian Senate today has confirmed the nomination of service chiefs. Standing in the name of Senator George Thompson Sekibo-Rivers East, motion was made that the Senate do consider the Report of the Joint Committee on Defense, Army & Navy; and Air force on the screening of the nominees
Service Chiefs confirmed, 2014 budget debate continues

2014 Budget: 4.6 trillion naira budget proposal submitted to National Assembly

Sum excludes SURE-P Funds
• Capital N1.1 trillion
• Revenue N3.73 trillion

True to speculations that President Goodluck Jonathan may not present the 2014 budget estimates before the joint session of the National Assembly, the Minister of Finance and the co-ordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has today presented a N4.6 trillion budget estimates excluding SURE-P funds separately to the Senate and House of Representatives for the 2014 fiscal year.

In the company of some cabinet ministers namely, Minister of Water Resources, Sarah Ochekpe; Minister of Communications technology, Omobola Johnson; Minister of Information and Supervising Minister of Defence, Labaran Maku; Minister of State for the Federal Capital Territory, Olajumoke Akinjide; Minister of Transport, Senator Idris Umar, Minister of Niger Delta, Elder Godsday Orubebe among others.

Titled "Budget of Job Creation and inclusive growth", the excited Okonjo-Iweala said while the aggregate expenditure excluding subsidy reinvestment and empowerment programme (SURE-P) funds is about N4.6 trillion; revenue is about N3.73 trillion", while addressing the press outside the senate chamber of the National Assembly.
According to her, "this budget is the budget for job creation and inclusive growth, meaning that it is a budget which will continue the President's transformation agenda for several sectors of the economy. Industries will also be created in solid minerals. All this support will continue to be unleashed. Job creation is the key to really solving the problems of the Nigerian economy".

Also, she said: the budget is going to support the push in agriculture, it will kick-start the housing sector where we can create more jobs, and it is designed to promote our policies that would support manufacturing because jobs will be created. All the programmes that create jobs are very well supported, the SURE-P is also part of it, Community Services programmes would be pushed and the You Win Programme would be pushed. The infrastructure development is part of it. The Honourable Minister of Transport is here, we have been working on rail development. The Ministry of Niger Delta is also part of the infrastructure development, Water Resources, Federal Capital Territory Development and so on.

"We have privatized Power but will be working on the transmission to direct resources there. The distinguishing thing is that it is a continuation of what we have done before but with more emphasis on really pushing out jobs and also supporting safety nets that can further redistribute income to the poor people in the country", she said.

Today's presentation to the separate chambers of the National Assembly has ended intrigues and stalemate on oil benchmark which caused delay of the presentation by President Goodluck Jonathan.
President Goodluck Jonathan had to shelve his earlier date of November 12 arising from the disparity in the oil benchmark price of $76.5 and $79, by the senate and the House of Representatives respectively as against the $74 per barrel proposed by the executive acting under the requirement of the 2014-2016 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).

housing

Our Hotline

Contact us on info@housing.senate.gov.ng or on the hotline provided for any clarification you may need regarding the committee.

+234 800 000 0000

Get the latest news