…Amend Appropriation Act, 2020 to extend capital expenditure
By Chhristiana Ekpa
The House of Representatives on Wednesday approved the sum of N162.066 billion budget for Nigerian Communications Commission (NCC) 2021 appropriations bill for the fiscal year.
This was just as the House amended the Appropriation Act, 2020 to extend the expiration period of capital expenditure in the Act beyond 31 December, 2020.
The approval followed the consideration of the report by the House Committee on Telecommunications during the Committee of Supply, chaired by the Speaker Femi Gbajabiamila at the plenary.
The total sum of N162.066 billion, N61.540 billion is for Recurrent Expenditure, N17. 031 billion is for Capital Expenditure, N34.493 billion is for Special Projects while the sum of N7 billion is for transfer to the Universal Service Provision Fund (USPF).
According to the report, N42.001 billion will be transferred to the Federal Government of Nigeria and N13.204 billion is for the Budget of the USPF.
The report presented by Chairman of the Committee on Telecommunications
Akeem Adeyemi read: “issue from the Statutory Revenue Fund of the Nigerian Communications Commission, the Total Sum of N162,066,931,000. 00 (One Hundred and Sixty–Two Billion, Sixty–Six Million, Nine Hundred and Thirty–One Thousand Naira only), of which the sum of N61,540,960, 000. 00 (Sixty–One Billion, Five Hundred and Forty Million, Nine Hundred and Sixty Thousand Naira) only is for Recurrent Expenditure, the sum of N17,031,099, 000.00 (Seventeen Billion, Thirty–One Million, Ninety–Nine Thousand Naira) only is for Capital Expenditure, the sum of N34,493,333, 000.00 (Thirty–Four Billion, Four Hundred and Ninety–Three Million, Three Hundred and Thirty–Three Thousand Naira) only is for Special Projects while the sum of N7, 000, 000, 000. 00(Seven Billion Naira) only is for transfer to the Universal Service Provision Fund (USPF) N42, 001, 539, 000.00 (Forty – Two Billion, One Million, Five Hundred and Thirty – Nine Thousand Naira) only will be transferred to the Federal Government of Nigeria.
“And the sum of N13,204,237,128. 00 (Thirteen Billion, Two Hundred and Four Million, Two Hundred and Thirty–Seven Thousand, One Hundred and Twenty–Eight Naira) only is for the Budget of the Universal Service Provision Fund (USPF) for the period ending on 31 December, 2021”.
The Appropriation Act, 2020 to Extend the Expiration Period of Capital Expenditure in the Act beyond 31 December, 2020 passed through second reading and report for which considered by Committee of Supply.
The Minister of Finance, Budget and National Planning, Zainab Ahmed in a communication read by House Leader, Alhassan Ado-Doguwa on Tuesday said there is huge pressure for agencies of government to meet their responsibilities.
Ado-Doguwa said the Minister was calling on the National Assembly to extend the timeline of implementation for capital projects only through the use of legislative tools to do what is right so that Nigerians can benefit from funds available after the expiration of the timeline of the budget.
He pleaded with members to approve the plea as it is not going to affect the resolve of the House to maintain the January to December budget timeline.
In his intervention, Speaker of the House, Femi Gbajabiamila had agreed that the effects of Covid-19 were not prepared for hence the need to consider and approve the plea for the benefits of Nigerians.
Gbajabiamila, however, pointed out that the proposed amendment of the 2020 appropriation Act cannot be done by way of a motion but through an amendment Bill and directed that it should be scheduled for the next legislative sitting date and given expeditious passage for the good of Nigerians.