Thursday, May 26, 2011

Senate passes N4.485 trillion budget


Vanguard
25 May 2011

Senate passes N4.485 trillion budget
*Approves N99.1bn for Amnesty Programmes
ABUJA – THE Senate has passed N4.485 trillion budget for 2011, which was N77 billion higher than the N4.407 amended budget forwarded by President Goodluck Jonathan to Senate.

It also approved the sum of N99.1 billion for the Federal Government’s amnesty programme going on in the Niger Delta.

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N35.722 billion is for re-integration of Niger Delta ex-militants, plus N17.524 for the 2010 arrears for re-integration of transformed Niger Delta ex-militants.

The breakdown also include N1.947 to fund operations cost of the programme and another N6.5 billion is for 2010 arrears of re-insertion/transition safety allowance for 20, 192 transformed ex-militants.

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