BUDGETARY ALLOCATION TO NASS TOO SMALL - HON BENJAMIN KALU

 

The House of Representatives has faulted the N134 billion allocated to the National Assembly in the 2022 Appropriation bill. While contributing to a debate at parliament on Thursday, Hon  Benjamin Kalu spokesman of the lower legislative chamber of the National Assembly, described the budget as too small. He said despite the increase in the amount of statutory transfers in the 2022 budget, the percentage of transfer to the National Assembly did not reflect the increase. He said: “This concerns the House. It concerns the House because, the statutory transfer as we have mentioned, there is an increase from N484.49 billion to N768.28 billion and that is a reflection of 58.7 percent increase; an increase of about N283.79 billion. Do you know that this increase does not reflect in the amount that comes to the National Assembly?” Earlier, the House members had expressed fears the Economy could Collapse as a result of the high Debt Servicing rate.   “But remember, when we had a budget with lower aggregate expenditure, it was reduced from N150 billion to N128 billion though, we have the challenges our forex and the challenges of the purchasing power of the currency; why are we remaining on N134 billion? Do you know what N134 billion represent for the statutory transfer? “Let me give you this example; in 2019, we had N125 billion given to the NASS and that is at the level of 1.42 percent of the N8.83 trillion. “In 2020, we had N128 billion given to National Assembly. That was a reduction from 1.42 to 1.18 percentage of that N10.8 trillion. “In 2021, we were given N134 billion which now represents 0.98 percent of N13.1 trillion but this year, we are given N134 billion again which is now representing 0.82 percent here.”   Igbo Patriots Magazine is a News and entertainment blog Posts Featured Post NASS MEMBERS FROM SOUTH EAST DEMAND FOR THE RELEASE OF NNAMDI KANU October 13, 2021   MEMBERS of the National Assembly from the South-East geopolitical zone said they had started exploring a political solution that would ensure the release of the leader of the Indigenous People of Biafra, Nnamdi Kanu, from Federal Government’s captivity. The leader..... READ MORE SOUTH SOUTH DEMANDS 50% OIL DERIVATION October 13, 2021   Six state governors in the South South region have demanded the upward review of oil derivation formula from the present 13 per cent to 50 per cent. They have also demanded that Cross River State should be accorded a special status, following the ceding of Bakassi Peninsula and several oil wells to Cameroon by the Federal Government, without any consultation with the people of the state. These were among several resolutions of the governors, local ..... READ MORE JUSTICE MARY ODILI AND THE MARCABA DANCE ON 17 OIL WELLS October 04, 2021 FORUM FOR OIL COMMUNITIES IN IMO STATES RE: JUSTICE MARY ODILI AND THE MARCABA DANCE ON 17 OIL WELLS BELONGING TO IMO STATE Indigenes of the oil communities in Imo State have registered their displeasure over the recent interim order by the Supreme Court restraining the Federal Government of Nigeria from returning the 17 oil wells cedded to the Rivers State back to Imo State Government. Their displeasure was heightened on realizing that the said justice Mary odili is from mbaise in Imo state but married to the Odin's i..... READ MORE BUHARI OFFICIALLY WELCOMES FANI KAYODE TO APC September 16, 2021   Former aviation minister, fami fan kayode has joined the All Progressive Congress after months of speculations. He was presented to the president by caretaker chairman who took him....... READ MORE OPEN LETTER TO REP BENJAMIN KALU FROM A PDP STALWART. August 29, 2021 Dear Rep. Ben kalu I am so delighted to sending to your good self this message of goodwill and appreciation for sustaining the hopes and aspirations of members of Bende Federal ......... READ MORE Advertise with us Advertisement Take advantage of our large audience to advertise your events, goods and services on Igbo Patroits Magazine. call or Whatsapp 08024114163 for advert placement.