TVC E, POLITICS – The National Assembly has raised concern over implementation of the N500 billion special intervention fund, in the 2016 budget.
The intervention fund, which is a cardinal programme of President Muhammadu Buhari’s administration is laudable, but it’s implementation will pose problems, the lawmakers said on Thursday.
Chairman, Senate Committee on Appropriation, Senator Mohammed Danjuma Goje, who raised the issue suggested the suspension the plan in this year’s budget.
Goje spoke at a joint session of the Senate and House of Representatives Committee on Appropriation meeting with Minister of Budget and National Planning, Senator Udoma Udo Udoma, Finance Minister Kemi Adeosun and top officials of the Central Bank of Nigeria (CBN).
Goje noted that the meeting became necessary because members of the National Assembly had given March 17th deadline to pass the budget.
The Federal Government pans to spend N500 billion on vulnerable Nigerians but Goje stated that the fund’s implementation is not clearly stated in the budget.
