• Contact Us
  • About Us
Saturday, September 26, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

2019: Senate Committee Approves President Buhari’s N242 bn Virement Request

metro by metro
October 10, 2018
in Economy
0
Muhammadu Buhari
0
SHARES
0
VIEWS

Muhammadu BuhariThe Senate Committee on Appropriation has approved President Muhammadu Buhari’s request for the virement of N242 billion under the 2018 Appropriation Act to conduct the 2019 general elections.

Chairman of the committee, Sen. Danjuma Goje, who stated this at the committees meeting on Wednesday, said the decision would be laid before the full house for consideration at plenary on Thursday.

Read Also

South Africa Raises Interest Rate, Citing Iran War Price Shocks

Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

Goje said the decision to approve the president’s request was informed by the urgent need for funds by the Independent National Electoral Commission (INEC) to begin preparations for the polls.

Earlier at plenary, the President of the Senate, Bukola Saraki, had read out the president’s request, which came in a letter dated Sept. 19, 2018.

In it, Buhari asked the lawmakers to consider including the total N242 billion as part of the virements of the 2018 Appropriation Act.

The amount is being requested by INEC and security agencies to conduct the 2019 general elections.

In a July 11 request to the legislature, the president had asked that N164 billion out of the N242 billion be vired in the 2018 budget, and the balance of N78 billion included in the 2019 budget.

But the lawmakers indicated their willingness to accommodate the total amount for virement under the 2018 Appropriation Act, if requested by the president.

President Buhari said, “In the light of the current realities, and in order to ensure that the 2019 general elections are not affected by the delays in the passage into law of the 2019 budget, I accept this kind suggestion.

“I look forward to your urgent consideration of this request to ensure that the 2019 general elections are properly conducted.

Tags: Muhammadu Buhari
Previous Post

Electoral Bill scales second reading in Senate

Next Post

DPR licensed 147 filling stations in FCT in 2018 — Controller

Related Posts

South Africa Raises Interest Rate, Citing Iran War Price Shocks
Economy

South Africa Raises Interest Rate, Citing Iran War Price Shocks

September 23, 2026
Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey
Economy

Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey

September 23, 2026
Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 
Economy

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

September 22, 2026
FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill
Economy

FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill

September 18, 2026
Next Post

DPR licensed 147 filling stations in FCT in 2018 — Controller

WHO conducts preliminary assessment of Ethiopian Food and Drug Authority’s Medicines Quality Control Laboratory toward WHO listing of quality control laboratories

September 24, 2026
Bonds Shaky, Oil Eases Off Highs Amid Trade, Peace Talks

Bonds Shaky, Oil Eases Off Highs Amid Trade, Peace Talks

September 24, 2026
FG considers foreign exchange reforms as dollar shortages bite

Dollar Perched At Two-month High As Hot PMI Fuels Inflation Fears, Rate Hike Bets

September 24, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version