BREAKING: Osinbajo asks national assembly to re-allocate N135bn in 2017 budget

Two months after senate passed the 2017 budget, Acting President Yemi Osinbajo has submitted a virement proposal of N135.6 billion to the National Assembly.



According to reports, if the submitted proposal is approved, the money will cover projects across many MDAs, particularly the ministry of Power/Works/Housing, The Sun reports.

Acting President Yemi Osinbajo has sought the approval of the house of representatives for the virement (re-allocation) of N135 billion in the 2017 budget to some exigent projects.

The Cable however reported that N3.1 billion will be re-allocated from the ministry of works and housing; N33 billion from the ministry of transportation; N14 billion from the office of the secretary of the government of the federation; N5 billion from the office of the national security adviser, and N5 billion from the ministry of science and technology.

Also, N3 billion will be vired from the ministry of defence; N3 billion from the federal capital territory administration, and N 1 billion from the ministry of health.

The letter containing this request was sent to the House of Representatives and the Senate, but it was not read by Senate President Bukola Saraki before the plenary
session of the senate.


Meanwhile,Naij.com had reported that deputy senate president Ike Ekweremadu accused President Muhammadu Buhari of using military stylein asking for extra money to fund capital projects.

Ekeremadu made this assertion on the floor of the upper house of legislature as the senators debated on Buhari’s request for N180bn virement.

While making a case for the funds to be released to help tackle economic recession, Ekweremadu noted that the president should have requested for a supplementary budget and not virement of funds which he said was a military-style demanding for extra funding beyond the budget.

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President Buhari’s letter requested that he be allowed N180billion funds to pay capital projects which he highlighted thus: “This request has risen due to a number of reasons, including shortfalls in provisions for personnel costs, inadequate provision ab nitio for some items like the amnesty programme, continuing requirements to sustain the war against insurgency, and depreciation of the naira.