2017 Budget: Osinbajo Requests Virement Of N135.6bn

Acting President, Professor Yemi Osinbajo has requested the House of Representatives, to approve the virement of N135,643,018,749 from various budget lines in the 2017 Appropriation Act to fund federal government’s priority projects and programmes.

According to the letter dated 18th July, 2017, and addressed to the Speaker of the House of Representatives, Hon. Yakubu Dogara, the Acting President explained that the virement was part of the agreement reached by himself and the leadership of the Senate and the House prior to the signing of the N7.441 trillion into law.
From the request made by the Acting President, 15 Federal ministries would be affected by the virement request.

The acting President letter explained that, “you will recall that the 2017 Appropriation Bill was signed into law on 12 June 2017. However, prior to the signing discussion and consultations were held between the executive and the leadership of the National Assembly on some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act”.

The Acting President further explained that, the sum of N46,004,049,292 is to be vired within projects of Federal Ministry of Power, Works and Housing, while N66 billion is to be vired within projects of Federal Ministry of Transportation.

To this end, the acting President in his correspondence said that, sources of the virements include: N33.247 billion from Ministry of Transportation; N3,181,973,545 from Federal Ministry of Power, Works and Housing; N14,130,719,780 from Office of the Secretary to the Government of Federation; N5 billion from Office of the National Security Adviser; N5,009,244,926 from Federal Ministry of Science and Technology and N5,494,065,749 from Federal Ministry of Trade and Investment.

While the sum of N1 billion is to be vired within projects of Federal Ministry of Agriculture and Rural Development; N7,698,811,674 from Federal Ministry of Interior and N80,500,000 from Federal Ministry of Trade and Investment; N3.150 billion from Federal Ministry of Defense; N770 million from Federal Ministry of Education; N1.7 billion from Federal Capital Territory Administration and N1.3 billion from Federal Ministry of Trade and Investment.

Others include: N1 billion from Federal Ministry of Health; N735,035,00 from office of the Secretary to the Government of the Federation; N1,093,579,983 from Federal Ministry of Labour and Employment; N729 million from Federal Ministry of Information and Culture; N734 million from Federal Ministry of Communication and Technology; N2,387,541,000 from Federal Ministry of Eater Resources; N1 billion from Federal Ministry of Mines and Steels Development; N241,001,800 from Federal Ministry of Environment, respectively.

He, however, appealed to the lawmakers to urgently consider the virement proposal in order to support “our collective efforts to improve the well-being of our citizens.”

Author: NewsAdmin

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