By www.eaunde.blogspot.com.ng
Acting President Yemi Osinbajo, has requested the House of Representatives to approve an addition of N135.6 billion by virement for the 2017 Budget.
Osinbajo in a letter titled “Request for Virement of Funds from Various Budget Lines to Fund Federal Governments Priority Projects and Programmes,” noted that the executive and the legislative arms of government had prior to signing of the budget agreed to admit priority items for which adequate provisions were not made in the budget.
Osinbajo in the letter addressed to the National Assembly said; “You will recall that the 2017 Appropriation Bill was signed into law on 12 June 2017. However, prior to the signing discussions and consultations were held between the Executive and leadership of the National Assembly on some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act.
“You would also recall that it was agreed that the Executive should submit a virement proposal to the National Assembly for your consideration.”
According to the letter dated 18th July, which was read on the floor of the House,the total sum of N135, 643, 081, 749 is being proposed as virement.
“The purpose of this letter, therefore, is to forward the virement proposal. The amount of virement being proposed is N135,643,081,749,” the letter stated.
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