Reps. pass N4.4trn 2015 budget, approves N953.62bn as debts service

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Aminu Tambuwal, Speaker, House of Representatives
The House of Representatives on Thursday passed the 2015 budget of N4.4 trillion with an appeal to the incoming administration to submit supplementary appropriation to boost capital allocation for development and job creation.
Rep. John Enoh (PDP-Cross River), Chairman, House Committee on Appropriation, said the supplementary appropriation became necessary due to the near zero vote for capital expenditure caused by the fall in oil revenue.
He said that almost all the Ministries, Departments and Agencies (MDAs), had zero allocation for capital projects in the 2015 appropriation.
According to him, the development was “a perfect recipe for abandonment of …Read More

Source:: PM Newspaper