Tuesday 11 March 2014

EXCLUSIVE: Nigerian federal lawmakers to spend N1.2 trillion on selves in six years as poverty mounts in country






The government has spent N150 billion yearly since 2011 to run the National Assembly. That will continue till 2016.

Nigerian federal lawmakers will retain a controversial yearly budget of N150 billion for at least two more years according to the government’s spending outlay, in yet another indication the government is less bothered about curtailing a lavish habit that has angered many Nigerians, who have called for cuts.

The vote, which has sparked outcry since its first approval in 2011, will remain in place as the cost of running the Nigerian National Assembly, for 2015 and 2016, according to the government’s Medium Term Expenditure Framework, despite a declining economic fortune that has already forced a cut in total national budget from N4.9 trillion to N4.6 trillion in 2014.

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