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Senate cuts Presidency and other MDA funds to finance IN24 budget of N242 billion -Nigerian

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The Senate rescheduled on Wednesday to finance the budgets of the Independent National Electoral Commission and the security authorities for the 2019 parliamentary elections. Beat reported.

While the National Assembly had previously approved N242,245,050,100 solely from the special intervention program in the presidential election, half of the money is now taken from the 2018 budgets of ministries, departments and agencies.

The legislature's move followed the adoption of a motion by Senate Senjuma Goje, Chairman of the Senate Committee for Appropriation, and 18 others.

Goje asked the Senate to postpone the motion "Rescind and re-examine its approval of the motion pursuant to resolution 53 (6) of its Rules of Procedure in resolution S / RS / 027/04/8" and agree to the amount of N242,245,050,100 previously transferred by the legislator.

He kept praying that the Senate would agree "The source of funds from ministries, departments and agencies, as well as the service wide votes (see table below and attached details)."

According to the table N121.122.525.050 is now delivered by the N500bn SIP under the SWV.

The other half of the N242,245,050,100 election budget was set by the votes on 30 MDAS including the presidency.

The Ministry of Energy, Construction and Housing will contribute the lion's share of the balance, with N25.527.821.945 spent on its resources of N714.668.969.899.

Other ministries affected by this initiative are water resources. N12.954.799.500 were taken from the budget of N155.149.395.652. Ministry of Agriculture and Rural Development will contribute N11,057,594,240; Education, N10,238,444,433; Budget and National Planning, N8,845,154,871; Health, N8,059,195,896; Science and Technology, N 7,466,143,244; and Industry, Trade and Investment, N7.085.582.899.

The presidency, for which 2018 N59.343.353.082 was provided, had taken N1.247.843.520 out of its budget.

Of the N242 billion for the elections, INEC receives N189,007,272,393, while the National Security Adviser and Security Agency offices receive N53.237.777.707.

In a letter to the National Assembly on July 11, 2018, President Muhammadu Buhari submitted to the National Assembly a supplemental N228bn budget requesting lawmakers to redistribute part of the N578bn for the projects inserted by the 2018 Appropriation Act to finance the exercise ,

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