• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Companies

      United Capital posts strong numbers as earnings rise 50% to N12.87bn in 2020

      February 23, 2021

      Finance

      CIBN revives mentorship initiative for bank workers

      February 20, 2021

      Finance

      $42bn lost globally to financial fraud as banks in Nigeria lost N5bn in 9-months in 2020 – NIBSS

      February 18, 2021

      Finance

      Urhobo indigenes initiate committee to establish N1.5bn microfinance bank

      February 15, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Frontpage

      Global health insurance premiums fall amid pandemic, says new report

      13 hrs

      Frontpage

      Insurance M&A record highest growth in Africa, Middle East in 2020

      February 23, 2021

      Commodities

      Metals mixed on LME, ShFE while copper stretches gains

      February 23, 2021

      WORLD BUSINESS & ECONOMY

      HSBC to shrink office space by 40% as pandemic raises remote working

      February 23, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      Nigeria to sell 170MW electricity capacity to Togo from Calabar plant

      13 hrs

      Oil and Gas

      NCDMB extends ‘transitional’ equity to Waltersmith’s expanded refinery

      February 19, 2021

      Frontpage

      Global solar PV demand to reach 150 GW in 2021

      February 18, 2021

      Frontpage

      Biting power tariff back in disguise

      February 17, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      How NITDA can further foster data protection compliance in Nigeria

      February 22, 2021

      Analyst Insight

      Do we need more start-ups in insurance?

      February 16, 2021

      Analyst Insight

      Naira, PMI’s and Inflation in focus

      February 16, 2021

      Analyst Insight

      Technology and healthcare: Role of data privacy

      February 15, 2021

Frontpage

Saraki releases details of National Assembly’s 2018 budget

April 13, 2019557 views0 comments

Bukola Saraki, president of the senate, has released details of national assembly’s 2018 budget in public domain.
The 45-page document shows that a total of N139,500,000,000 was budgeted for the National Assembly in the year 2018.
Of this sum, N35,582,085,699 was earmarked for the Senate, while the House of Representatives got N57,425,137,793.
Again, N10,202,095,928 was budgeted for legislative aides, the National Assembly office got N15,389,235,912, while the National Assembly Commission got N2,736,081,266.
The National Assembly Legislative Institute got N4,373,813,596,  while N1,145,143,254 was appropriated for service-wide vote of the Legislature.
The release came on the heels of the pressure mounted on the Senate by Nigeria’s budget watchdog, BudgIT.
Saraki had taken to his verified Twitter handle @SPNigeria on Friday, in a tweet publicly addressed to BudgIT.
Saraki had tweeted,
“Dear @BudgITng:
“Find the details of the 2018 Budget of the National Assembly here: http://nass.gov.ng/document/download/10247 …
“This is in accordance with the commitment of the leadership of the 8th National Assembly to accountability and transparency. #OpenNASS.”
BudgIT Nigeria, a civic tech organisation that claims to “raise the standards of transparency, citizen engagement and accountability most especially in public finance,” said that, since 2015, it had consistently demanded that the annual allocations of National Assembly be public.
BudgIT said that it does this alongside another civil society organisation, Enough is Enough Nigeria, which claims to promote a culture of good governance in the society.
BudgIT said via its verified Twitter handle, @BudgITng, that during a meeting with the Senate President on Thursday, the NGO had challenged Saraki to make it a legacy by “sealing the National Assembly with a legislation that makes it legally binding,” for it to make its annual budget public.
BudgIT said Saraki responded by re-assuring it that details of the National Assembly’s 2018/19 budgets would be made public.
“Saraki, yesterday at a dialogue session with BudgIT on appropriation process and constituency projects vowed that making the National Assembly appropriation public is now a permanent policy,” BudgIT  said; expressing concerns if the policy would stand when Saraki leaves the National Assembly in May.
Share on Facebook Tweet Email
PreviousNigerian stocks close 0.53% higher on sustained gains in big caps
NextKogi, 5 other states to benefit from $200m World Bank agro intervention

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Benin to Lagos: Need for INSURANCE
  • NDDC moves to train Niger Delta youths at Innoson Motors, Nigeria’s premier vehicle maker
  • 12 health centres benefit from MTN Foundation’s ‘What Can We Do Together’ campaign
  • Nigeria’s cocoa earnings put at N135bn in 2020 by Cocoa Research Institute
  • Nigeria to sell 170MW electricity capacity to Togo from Calabar plant

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Buhari writes House, seeks approval for $5.513bn loan

Frontpage May 28, 2020

1
2

Nigeria’s infrastructure deficit to hit $878b by 2040-SEC DG

Frontpage December 10, 2018

3

Deposit bad naira notes in bank by Monday, CBN tells Nigerians

Frontpage August 30, 2019

4

Weak agricultural export threatens Nigeria AfCFTA share

Frontpage August 2, 2019

5

Nigerian stocks extend bull-run as market capitalization gains N586.45bn in 3 days

Frontpage June 6, 2018

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.