Acting President Yemi Osinbajo has formally requested for the approval of National Assembly for the virement of total sum of N135,643,018,749 from the 2017 Appropriation Act.
The virement was part of the agreement reached by the Acting President and leadership of the Senate and House of Representatives prior to the signing of the N7.441 trillion into law.
Osinbajo in a 4-page letter dated 18th July, 2017 and addressed to Speaker Yakubu Dogara, explained that the funds will be used for implementation of “some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act.
According to him, the sum of N46,004,049,292 is to be vired within projects of Federal Ministry of Power, Works and Housing while N66 billion is to be vired within projects of Federal Ministry of Transportation.
Sources of the virements include: N33.247 billion from Ministry of Transportation; N3,181,973,545 from Federal Ministry of Power, Works and Housing; N14,130,719,780 from Office of the Secretary to the Government of Federation; N5 billion from Office of the National Security Adviser; N5,009,244,926 from Federal Ministry of Science and Technology and N5,494,065,749 from Federal Ministry of Trade and Investment.
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The sum of N1 billion is to be vired within projects of Federal Ministry of Agriculture and Rural Development; N7,698,811,674 from Federal Ministry of Interior and N80,500,000 from Federal Ministry of Trade and Investment; N3.150 billion from Federal Ministry of Defense; N770 million from Federal Ministry of Education; N1.7 billion from Federal Capital Territory Administration and N1.3 billion from Federal Ministry of Trade and Investment.
Others include: N1 billion from Federal Ministry of Health; N735,035,00 from office of the Secretary to the Government of the Federation; N1,093,579,983 from Federal Ministry of Labour and Employment; N729 million from Federal Ministry of Information and Culture; N734 million from Federal Ministry of Communication and Technology; N2,387,541,000 from Federal Ministry of Eater Resources; N1 billion from Federal Ministry of Mines and Steels Development; N241,001,800 from Federal Ministry of Environment, respectively.
Osinbajo in the letter explained that “prior to the signing discussions and consultations were held between the Executive and the leadership of the National Assembly on some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act.
“You would also recall that it was agreed that the Executive should submit a virement proposal to the National Assembly for your consideration. The purpose of this letter, therefore, is to forward the virement proposal, the letter read in part.
KEHINDE AKINTOLA, Abuja
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