Chat212 - News Summary...
- FG has proposed N45bn in the 2014 appropriation bill for the INEC to conduct the 2015 general elections.
- Jega told the Senate Committee on INEC, that the commission would need N93bn to conduct the 2015 general elections.
- The allocation to INEC was N13bn higher than the N32bn earmarked for the commission in the 2013 budget.
Chat212 News Mail... Report
The Federal Government has proposed N45bn in the 2014 appropriation bill for the Independent National Electoral Commission to conduct the 2015 general elections.
INEC Chairman, Prof. Attahiru Jega, had however on Monday, told the Senate Committee on INEC, that the commission would need N93bn to conduct the 2015 general elections.
The Minister of Finance and the Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, presented the appropriation bill before separate sessions of the Senate and the House of Representatives on Thursday.
The News Agency of Nigeria reported that President Goodluck Jonathan had in a letter to the National Assembly on Wednesday stated that Okonjo-Iweala would present the budget proposal before the legislators on his behalf.
The allocation to INEC was N13bn higher than the N32bn earmarked for the commission in the 2013 budget.
The proposed budget increased the provision for debt servicing from N591.8bn in 2013 to N712bn.
Recurrent (non-debt) spending was slightly reviewed downwards to N2.43tn in the 2014 budget as against N2.80tn in the 2013 budget.
Personnel cost was also increased slightly from the 2013 amendment budget provision of N1.72tn to N1.72tn in the 2014 proposed budget.
The share of recurrent in total spending was put at 72.71 per cent while the provision for SURE-P was N268.37bn.
