National Assembly Begins Debate On 2023 Budget
National Assembly Begins Debate On 2023 Budget
The National Assembly has begun deliberations on the 2023 appropriation bill.
The Senate and House of Representatives, simultaneously started debating the general principles of the bill, during their separate plenary on Wednesday.
In the Senate, the consideration of the bill, started with a lead debate by the Senate Leader, Ibrahim Gobir.
In the House of Representative, the Deputy Minority Leader, Toby Okechukwu faulted the benchmark which the 2023 budget was based upon.
Also read: National Assembly To Pass 2023 Budget Before New Year-Senate
According to the Deputy Minority Leader, the basis of the proposed budget was a distortion of the economic realities.
President Huhari submitted the N20.5 trillion bill to a joint session of the National Assembly last week.
Senate President, Ahmad Lawan on Tuesday, had assured that the bill would be passed by the National Assembly before the new year.
House Of Reps Speaker Worried Over CBN’S Ignoring Of Supreme Court’s Order
Justice Okoro however said, the Apex Court would resolve the dispute over the naira swap policy, whether the Attorney General and other respondents appear before it or not,
The Apex Court in its first ruling on the application on February 8, ordered the CBN to extended the withdrawal of the old N200, N500 and N1,000 notes from circulation from February 10 to February 15
Later, the court on February 15, adjourned the withdrawal extension till February 22 when it would hear the motion.
On February 16, president Buhari in a nationwide broadcast ordered the CBN to re-circulate the N200 notes, but said N500 and N1,000 notes no more legal tender since February 10.
Since the announcement, security situation had heightened as desperate banks customers who could not access either the old N200 notes or the newly designed naira notes began staging protests
