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National Assembly
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The members of the House
of Representatives will start consideration of the 2015 budget on Wednesday.
The Speaker, Aminu Tambuwal,
on Tuesday said the budget would be given accelerated consideration alongside
the petroleum Industry Bill (PIB) and the proposed amendment to the Electoral
Act.
Tambuwal said the budget
which was laid at the National Assembly on December 17 last year by the
Minister of Finance, Ngozi Okonjo-Iweala, was brought late.
There were however
possibilities that the lawmakers may reduce the 2015 budget benchmark to US$40
against the US$65 the Federal Government proposed in the budget.
This is to align the
country’s budget projection with current realities because of the continuous
slide of the crude oil price in the international market.
Crude oil price has long
fallen below US$50 per barrel.
Though Tuesday’s Order
Paper listed the budget for consideration and second reading, it was eventually
deferred after the Majority Leader of the House, Mulikat Akande-Adeola,
presented it for consideration.
However, the Deputy Leader,
Leo Ogor, while speaking with reporters, said the decline in the price of crude
oil at the international market has delayed the consideration of the Medium
Term Expenditure Framework
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