President Muhammadu Buhari on Tuesday wrote the National Assembly seeking approval for the reimbursement of N4.5bn to Osun State Government for money spent on federal roads within the state.
This was announced at Senate plenary presided over by the President of the Senate, Ahmad Lawan.
Lawan read a letter from the President, Major General Muhammadu Buhari, (retd.), seeking the National Assembly’s approval for a N148.1bn payment to Ondo, Rivers, Cross-River, Osun and Bayelsa State.
Buhari, in his letter, said the amount was for the reimbursement of the federal roads projects executed in the affected states.
The breakdown of the money showed that Rivers would get N78.9bn, Bayelsa (N38.4bn), Cross River (N18.3bn), Ondo (N7.8bn), and Osun (N4.5bn).
Meanwhile, Lawan in his welcome speech encouraged his colleagues to carry out necessary oversight functions to ensure that the revised 2020 budget was properly implemented.
Lawan noted that the Senate needed to pay particular attention to the implementation of the Federal Government Economic Sustainability Plan.
He described the strategic plan as an essential means of revamping the economy by providing interventions in the mass agricultural programme, infrastructure, mass housing programme, investments in healthcare infrastructure, among others.
Lawan noted that the nation was confronted with over $14bn revenue gap due to its unwholesome overdependence on oil.
He said the Senate would provide one month window for budget defence by the MDAs.
Source: Punch NG
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