The Nigerian Senate resumed its sitting on Wednesday, March 13, 2019. Some of the activities carried out include the swearing in of Senator Isaac Alfa from Kogi East and a review of the 2019 budget.
Majority leader, Senator Ahmed Lawan presented a Bill for an Act to authorize the issue from the Consolidated Revenue Fund of the Federation the total sum of N8,826,636,578,915.
The senators debated on how this budget will be financed.
In his reaction, Deputy Senate President, Ike Ekweremadu said: “I will like to address the issue of our debt profile. It is important to address our infrastructural needs in the nation, but I believe there are other ways to fund this asides debt.”
“Another issue is that the Executive usually presents the Budget late in the year, giving the National Assembly little time to deliberate on the budget, thereby leaving very little time for
implementation. It is important that we discipline ourselves and correct this in the future,” Ekweremadu added.
Below are the contributions of other senators to the issue, as announced by the Nigerian Senate:
“The purpose of the budget is to promote inclusiveness and diversify the economy; To also build our economy and make it globally competitive. I am sure that the Government has put measures in place to ensure that the targets in this budget are met.”-Senator Barau Jibrin.
“We will recall that over the years, implementation has been our issue for our Budget. But now it seems that there are some realistic ideas in this Budget that will make for effective implementation.”- Senator Andrew Uchendu.
“Time is not on our side. Nigerians are anxious and the Executive is waiting to implement.
I am appealing that we try our best to pass the Budget before the end of this month; let us set that target so that anything else comes up as a supplementary budget or an amendment to the already passed budget.”- Senator Ali Ndume.