Senate Begins Debate On 2018 Appropriation Bill
The Nigeria Senate on Tuesday began its debate on the 2018 Appropriation Bill submitted to a joint session of the National Assembly by President Muhammadu Buhari on November 7th.
The bill was introduced for a second reading on the floor of the Senate by the Senate majority leader, Senator Ahmad Lawan.
The bill seeks to authorise the issue from the Consolidated Revenue Fund of the Federation, the total sum of eight trillion, six hundred and twelve billion, two hundred and thirty-six million, nine hundred and fifty-three thousand, two hundred and fourteen naira (N8,612,236,953,214).
The bill has a nominal increase of 16% above the 2017 budget which was N7.3 trillion.