Federal lawmakers have reacted to the 2013 budget presented by President Goodluck Jonathan to the National Assembly.
While some applauded the budget, others said the 2013 budget is not a far departure from the 2012 budget and therefore nothing to be excited about.
Some of the lawmakers called for more allocation for agriculture and rural development.
Senate president David Mark throwing the first shoot to the executive, hinting that the 2013 budget may not be approved without inputs by federal lawmakers.
The House of Representatives confirmed this by raising the bench mark of oil price to $80 per barrel as against the bench mark of $75 per barrel in the budget.
There were different reactions to the benchmark price of crude in the 2013 budget proposal and the price fixed by the House of Representatives.
An aggregate expenditure of N4.92 trillion is proposed for the main budget of the 2013 fiscal year, representing an increase of about 5% over the N4.7 trillion appropriated for 2012.
The sum of N2.41 trillion is proposed for recurrent expenditure and N1.54 trillion for capital expenditure.
Some lawmakers applauded the budget but some were not impressed.
President Goodluck Jonathan also announced allocations to various sectors in the budget.
While some lawmakers commended the sectoral allocations, others say more should have been allocated to sectors such as agriculture and rural development.
President Goodluck Jonathan also announced some gender friendly policies to improve the position of women in the society.
A female lawmaker applauded this policy.
However Representative Femi Abajabiamila warned that the 2013 budget might not be passed.
The 2013 budget is now in the hands of the national assembly for lawmakers to make input and send back to the executive.
Lawmakers left the 2012 budget largely unchanged so all eyes would now be on the legislature to see what kind of inputs they would be making in the 2013 budget.
While some applauded the budget, others said the 2013 budget is not a far departure from the 2012 budget and therefore nothing to be excited about.
Some of the lawmakers called for more allocation for agriculture and rural development.
Senate president David Mark throwing the first shoot to the executive, hinting that the 2013 budget may not be approved without inputs by federal lawmakers.
The House of Representatives confirmed this by raising the bench mark of oil price to $80 per barrel as against the bench mark of $75 per barrel in the budget.
There were different reactions to the benchmark price of crude in the 2013 budget proposal and the price fixed by the House of Representatives.
An aggregate expenditure of N4.92 trillion is proposed for the main budget of the 2013 fiscal year, representing an increase of about 5% over the N4.7 trillion appropriated for 2012.
The sum of N2.41 trillion is proposed for recurrent expenditure and N1.54 trillion for capital expenditure.
Some lawmakers applauded the budget but some were not impressed.
President Goodluck Jonathan also announced allocations to various sectors in the budget.
While some lawmakers commended the sectoral allocations, others say more should have been allocated to sectors such as agriculture and rural development.
President Goodluck Jonathan also announced some gender friendly policies to improve the position of women in the society.
A female lawmaker applauded this policy.
However Representative Femi Abajabiamila warned that the 2013 budget might not be passed.
The 2013 budget is now in the hands of the national assembly for lawmakers to make input and send back to the executive.
Lawmakers left the 2012 budget largely unchanged so all eyes would now be on the legislature to see what kind of inputs they would be making in the 2013 budget.
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