Just In : Senate Steps Down N98.5bn FCT Supplementary Budget
The Nigerian Senate has stepped down the N98.5 billion Federal Capital Territory supplementary appropriation Bill, 2024 for lacking fiscal clarity.
The development follows a lead debate by the Leader of the Senate, Senator Bamidele, proposing that the bill be read a second time.
GALAXY TV reports that Leader of the Senate, the lead debate on a Bill to approve the FCT’S Supplementary Budget.
In their contributions to the bill, other lawmakers commended the FCT Minister for the notable achievements seen within and around the Federal Capital Territory urging other sleeping Ministers to take a cue for his set record achievement.
Meanwhile, the lawmakers are satisfied with the FCT’s improvement in Revenue Generation, they are seeking a further breakdown of the components of the bill which is a necessary Budgetary Requirement.
President of the Senate, Godswill Akpabio, concurred that the Bill lacked the necessary details for the Senate to proceed with the debate. He then put the bill to voice vote, and the majority voted against reading the bill for the second time, resulting in a minor uproar
Consequently, the Bill was stepped down until a detailed breakdown was provided.
