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    Senate threatens to suspend work on 2018 budget

    • Laments poor execution of 2017 proposals • Melaye says CBN yet to remit N1.4 trn stamp duty
    • Panel alleges revenue leakage in NNPC, others • FG achieved 64% revenue target, says Adeosun
    Senators yesterday threatened to suspend passage of the 2018 budget estimates following the failure of the presidency to keep its promise to implement, at least, 40 percent of the 2017 capital budget and roll over the remaining 60 percent to 2018.
    The senate also accused the economic team of unseriousness, and said the ministries, departments and agencies appeared unprepared with verifiable documents to defend their 2018 proposals.
    The lawmakers want the 2017 budget implementation to be extended to March 31 to allow the capital projects to be executed so that the 2018 budget will commence from April 1.
    The threat followed points of order (42 and 45) moved by the Deputy Leader, Bala Ibn Na’Allah who pointed out that the chamber would fall into trouble waters should it move ahead to pass the budget this year as earlier planned.

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