The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

Senate To Pass 2020 Budget Thursday

Next Edition by Next Edition
December 5, 2019
in Headline News
Senate To Pass 2020 Budget Thursday
0
SHARES
2
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Senate President, Ahmad Lawan, on Wednesday announced that the 2020 Appropriation bill before the National Assembly will be passed today, Thursday, December 5, 2019.

He made the announcement after the Senate passed the Public Procurement Act 2007 amendment bills following the presentation and consideration of the report of the Senate Committee on Public Procurement.

You might also like

Natasha To Resume Senate Duty On Tuesday After Court Ruling

Gunmen Taunt Police In Video After Killing Officer In Imo Attack, Flash Stolen Rifles

Police Arrest Five For Oyo Kidnap, Recover ₦4.6m Ransom

Chairman of the Committee, Senator Shuaibu Isah Lau (PDP, Taraba North), in his presentation, noted that some amendments were made on the bills “to encapsulate the ingredients of the varied views collated from experts and professionals, aimed at adding value to the Procurement Act.”

The three amendment bills were sponsored by Senators Shuaibu Isah (PDP, Taraba North); Uche Ekwunife (PDP, Anambra Central) and Danladi Sankara (APC, Jigawa North West).

The Senate, in a clause-by-clause consideration of the bill, adopted the recommendations of the committee, but with slight amendments made to Section 1 under the Establishment of National Council on Public Procurement.

The amendment to clause 1 of the bill provides that the Council shall consist of a Chairman who shall be appointed by the President of the Federal Republic of Nigeria, as against the previous provision of the 2007 Act which specifically names the Minister of Finance as Chairman.

Also the Senate adopted the committee’s recommendation on the issuance of Certificate of No Objection which shall be issued by a Committee of Directors of the Bureau to be chaired by the Director-General of the Public Procurement Bureau.

During Wednesday’s plenary also, the senate said the recommendation of the committee to review the mobilization fee for local contractors upwards from 15 percent to 20 percent was insufficient.

It therefore, amended Section 35 of the Act to provide for not more than thirty percent mobilization for local contractors.

In his remarks, the Senate President said that “the passage of the Public Procurement Bill will complement the 2020 budget set to be passed tomorrow (today) by the Senate.”

READ ALSO: Senate Seeks Return of Budget Cycle to Jan-Dec

According to Lawan, the Public Procurement bill passed by the upper chamber will be forwarded to the House of Representatives for concurrence.

He said: “What we have done today is really to put the icing on the cake on what we are about to do tomorrow by the grace of God when we pass the 2020 budget.

“We have already passed the Finance bills that will ensure that we get the required revenue to implement the budget.

“The public procurement process in Nigeria has been a big bottleneck for sometime, probably since it was passed.

“I believe that with this amendment, the procurement process will be faster and better, as will be the budget implementation process.

“Surely, this bill will have to go to the House of Representatives for them to concur.

“I had a discussion with the Honourable Speaker that they will concur with us before we go on the Christmas break so that we will give the executive all they would require for them to implement the 2020 budget successfully.”

Tags: 2020 BudgetHonourable SpeakerPassSenate
Next Edition

Next Edition

Recommended For You

Senator Natasha Akpoti’s Macabre Dance in Brekete Family Radio

Natasha To Resume Senate Duty On Tuesday After Court Ruling

  The suspended senator representing Kogi Central, Natasha Akpoti-Uduaghan, has stated that she will resume legislative duties in the Senate on Tuesday following a court order directing her...

Gunmen Shoot FIRS Official Dead In Abuja

Gunmen Taunt Police In Video After Killing Officer In Imo Attack, Flash Stolen Rifles

  Gunmen suspected to be behind Sunday morning’s deadly attack on a police patrol team in Imo State have appeared in a video, boasting about the operation and...

New Police

Police Arrest Five For Oyo Kidnap, Recover ₦4.6m Ransom

  The Oyo State Police Command has arrested five suspects allegedly involved in the June 26 abduction of a man identified as Timothy in Mokorede, Ipapo, within the...

FG Puts Up Presidential Jet For Sale In Switzerland

FG Puts Up Presidential Jet For Sale In Switzerland

  The Federal Government has listed Nigeria’s 20-year-old Boeing Business Jet (BBJ), formerly used for presidential travel, for sale in Switzerland following its replacement by a newly acquired...

Next Post
Customs Intercepts Jerry Cans Of Petrol Concealed In 2 Caskets

Customs Intercepts Jerry Cans Of Petrol Concealed In 2 Caskets




Related News

Petrol Queues Resurface In Abuja Over Fear Of Price Hike, Scarcity

Petrol Queues Resurface In Abuja Over Fear Of Price Hike, Scarcity

BREAKING: Tinubu Writes Senate On Plan To Deploy Troops To Niger Republic

Tinubu asks Senate to approve $8.69 billion, €100 million external loan

Banky W, Wife Celebrate 4th Wedding Anniversary

Banky W, Wife Celebrate 4th Wedding Anniversary




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited