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Senate Shifts 2018 Budget Debate to Next Week

By Dipo Olowookere

The Nigerian Senate has announced postponing commencement of the debate of the 2018 budget to next week.

Senate President, Mr Bukola Saraki, made this announcement yesterday during plenary at the upper chamber of the National Assembly.

While addressing his colleagues, Mr Saraki explained that Tuesday, November 28 and Wednesday, November 29, 2017 would be used for the main budget debate, while Thursdays will be solely dedicated to the debate on revenue and expenditure of enterprises and agencies.

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Speaking further, the Senate President noted that the budget debate was shifted to next week to enable the upper parliament the opportunity to pass the Medium Term Expenditure Framework (MTEF) expected to be laid today.

“We are hoping that the MTEF will be laid tomorrow (Wednesday) and to be passed this week.

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“Secondly, the distribution of documents, I hope you have all received documents accompanying the 2018 Budget, the revenue and expenditure budgets of the Federal Government of Nigeria bond, enterprise, and agencies.

“The consolidated 2016 budget implementation report for the first quarter, 2017, and second quarter, 2017 and also budget volumes I and II should be received today at the joint sitting, votes, and proceedings also should be received today.

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“This is a departure from the past. We intend that on Tuesday, Wednesday and Thursday, next week, to debate the budget.

“We want to allocate Tuesday and Wednesday to debate on the budget and specifically allocate Thursday for the debate on revenue and expenditure budget of Federal Government of Nigeria bond and enterprise and agencies,” he said.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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