By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Crown Lovers MagazineCrown Lovers Magazine
  • HOME
  • NEWS
  • EVENT
  • MUSIC
  • LIFESTYLE
  • ENTERTAINMENT
  • BRAND PROMOTION
    • ADVERT
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Senate to address N11.03 trillion deficit through Finance Amendment Act
Share
Sign In
Notification Show More
Latest News
Troops ambush bandits, neutralise 10, destroy camps in Chikun, Birnin Gwari, Giwa LGAs in Kaduna
NEWS
Vector Marries Yinka Coker In Private Ceremony (Video)
ENTERTAINMENT
Jigawa’s Governor Badaru signs 2023 budget into law
NEWS
Veteran actress, Nkiru Sylvanus ‘Ble-Ble’ triggers reactions with new post
ENTERTAINMENT
Biafra, Oduduwa Republic ‘ll come to pass – Primate Ayodele releases new prophecies
NEWS
Aa
Crown Lovers MagazineCrown Lovers Magazine
Aa
  • HOME
  • NEWS
  • EVENT
  • MUSIC
  • LIFESTYLE
  • ENTERTAINMENT
  • BRAND PROMOTION
Search
  • HOME
  • NEWS
  • EVENT
  • MUSIC
  • LIFESTYLE
  • ENTERTAINMENT
  • BRAND PROMOTION
    • ADVERT
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Crown Lovers Magazine > Blog > NEWS > Senate to address N11.03 trillion deficit through Finance Amendment Act
NEWS

Senate to address N11.03 trillion deficit through Finance Amendment Act

admin
Last updated: 2022/09/18 at 3:52 PM
admin
Share
3 Min Read
SHARE

The Nigerian Senate said it would address the 2023 budget deficit of N11.03 trillion through the amendment of the relevant provisions of the Finance Act.

This was made known by the Senate Committee on General Services, Senator Sani Musa, stressing that they will dwell on areas of making the various revenue generating agencies to triple their targets as will be handed over to them by the parliaments.

Sani spoke after the Senate ‘makeshift’ Chambers was inspected by the Senate President, Ahmad Ibrahim Lawan, ahead of Tuesday’s resumption of lawmakers in the upper and lower legislative Chambers.

President Muhammadu Buhari is expected to present the 2023 annual budget which was pegged at N19.76 trillion with a total of N11.03 trillion deficit which the lawmakers are looking for ways to abridge.

He said: “The budget of this country has been in deficit, and the only thing we can do is to amend so many things in the Finance Act, so that we can be able to generate more revenues from other sources rather than depending on oil alone and by extension, reduce the size of the proposed budget deficit.

“By now, the temporary chambers should have been ready, knowing that we are resuming. Initially, we are supposed to resume on the 20th of this month, but there are some little things that needed to be done before then.

“You will recall that the 9th Senate has done very well, because this edifice, since it was built, has never been rehabilitated. We are refurbishing it, bringing it back to standard like any other parliament you see around the world.

“The FCT that is doing this Job, have been up and doing, but we need to push, they need to do more so that we will be able to resume as quickly as possible”.

On the renovation of the NASS complex, the lawmaker said, it has been overdue, particularly the Chambers of the houses, which he believed would be comparable with others around the world after the renovation.

“It is a great achievement for us that we are renovating the National Assembly complex that has been built over 20 years.

“What we read from the newspapers that NASS leadership has not done anything on the leaking roof, is not true.

“I’m sure that by the time the renovation of the National Assembly chambers is completed, other African countries will come to see and make Nigeria as a case study and see how we have improved on parliamentary infrastructure,” he added.

You Might Also Like

Troops ambush bandits, neutralise 10, destroy camps in Chikun, Birnin Gwari, Giwa LGAs in Kaduna

Jigawa’s Governor Badaru signs 2023 budget into law

Biafra, Oduduwa Republic ‘ll come to pass – Primate Ayodele releases new prophecies

2023 elections: Ensure logistic challenges do not mar polls, group warns INEC

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 18, 2022
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article “You just bought market” – Halima Abubakar blows hot as she continues to drag Apostle Suleman and Shan George
Next Article 2023: Nigeria needs benevolent dictator to move forward – Ex- APC legal adviser, Banire
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
136k Subscribers Subscribe
4.4k Followers Follow
- Advertisement -
Ad imageAd image

Latest News

Troops ambush bandits, neutralise 10, destroy camps in Chikun, Birnin Gwari, Giwa LGAs in Kaduna
NEWS December 23, 2022
Vector Marries Yinka Coker In Private Ceremony (Video)
ENTERTAINMENT December 23, 2022
Jigawa’s Governor Badaru signs 2023 budget into law
NEWS December 23, 2022
Veteran actress, Nkiru Sylvanus ‘Ble-Ble’ triggers reactions with new post
ENTERTAINMENT December 23, 2022
//

We influence 20 million users and is the number one business and technology news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form id=”847″]

Crown Lovers MagazineCrown Lovers Magazine
Follow US

© 2022 Crown Lovers Magazine. All Rights Reserved

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?