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LequteMan
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Capital components of Nigeria's 2014 budget fixed for execution in December and passed by the Senate in April has been extended to March 2015 over late passage of the fiscal document by the National Assembly. PUNCH reports:
The Federal Government has extended the execution of the capital components of the 2014 budget by three months from the initial end date of December 31, 2014 to the last day of March 2015.
Our correspondent learnt from the Budget Office of the Federation in Abuja on Monday that the extension became imperative owing to the late passage of the fiscal document by the National Assembly.
The Senate had on April 9, 2014 passed the budget, raising the amount in the fiscal document from the N4.642tn submitted by President Goodluck Jonathan to the National Assembly on December 19, 2013 to N4.695tn.
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#Nigeria
The Federal Government has extended the execution of the capital components of the 2014 budget by three months from the initial end date of December 31, 2014 to the last day of March 2015.
Our correspondent learnt from the Budget Office of the Federation in Abuja on Monday that the extension became imperative owing to the late passage of the fiscal document by the National Assembly.
The Senate had on April 9, 2014 passed the budget, raising the amount in the fiscal document from the N4.642tn submitted by President Goodluck Jonathan to the National Assembly on December 19, 2013 to N4.695tn.
click here to read more
#Nigeria
