Tuesday, January 28, 2014

SO WHO GIVES A DAMN ... BREAKING NEWS : Senators demand resignation of Finance minister ... DailyTrust

Senators today demanded for the resignation of the minister of finance and coordinating minister of the economy Dr Ngozi Okonjo Iweala who in their view has failed to move the country forward economically.
They lamented the high growth ratings given to the country internationally which are yet to translate to better living conditions for the generality of Nigerians.
While debating on the 2014 Appropriation Bill, Sen. Ahmed Lawan (Yobe North) and Sen. Abubakar Sadiq Yar'adua (Katsina Central)  called for the resignation of   Ngozi Okonjo Iweala as her economics has failed Nigerians.
Other Senators questioned the huge amount of funds allocated for Amnesty and Re-integration of Niger Delta Militants (59bn naira) which is less than what is the proposed budget for security in the entire country (4.8bn naira).
Though there was no outright opposition to the passage of the Bill, Senators expressed their reservations on the budget, stating that, the budget proposal does not reflect the current economic and political realities of the country. They noted that the issue of security is one critical issue in Nigeria whose allocation in the budget proposal does not adequately reflect the enormous security situation facing Nigerians. They expressed their dismay at the skyrocketing recurrent expenditures in each year's budget, the depreciation of the Excess Crude Account and attacked the efficacy of Ngozi Okonjo Iweala's policies. Sen. Isa Galaudu (Kebbi North) noted that the Excess Crude Account has only 2.5m reserve while the NNPC is spending 10bn naira in running costs.
The consideration of the 2014 Appropriation Bill was stood down, to be continued tomorrow- Wednesday, 29th January 2014.

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