JUST IN: Budget: Osinbajo proposes N135.6bn virement

Osinbajo, in a letter to Speaker of the House of Representatives, Yakubu Dogara, and dated July 18, 2017, said the virement was aimed at improving the wellbeing of Nigerians. The letter reads: “You will recall that the 2017 Appropriation Bill was signed into law on June 12, 2017 “However, prior to the signing, discussions and consultations were held between the Executive and the leadership of the National Assembly on some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act. “You would also recall that it was agreed that the Executive should submit a virement proposal to the National Assembly for your consideration. “The purpose of this letter, therefore, is to forward the virement proposal. “The amount of virement being proposed is N135, 643,081,749. “In the light of the above, I implore you to urgently consider this virement proposal in order to support our collective efforts to improve the wellbeing of our citizens.” Speaker Dogara referred the letter to the House Committee on Appropriation for further legislative actions.]]>

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