Senate may pass MTEF today •Bill mandates IOCs to
remit 3% of budget for N’Delta development
-Damilola Oyedele in Abuja
The Senate President, Dr. Bukola Saraki, has
expressed worry over the rising recurrent expenditure as being observed in the
2018 N8.612trillion Appropriation Bill.
Saraki said the increase is probably caused by
corruption through the recurrent expenditure, after the government blocked
leakages in capital expenditure.
The sum of N2.65 trillion was appropriated as
recurrent expenditure in the 2016 N6.06 trillion budget. In the 2017 N7.3
trillion budget, N2.9 trillion was appropriated for recurrent, but as at November
2017, the Minister of Budget and National Planning,
