The Director General of Budget Office, Ben Akabueze has disclosed that N9.25 billion was earmarked for the renovation of the National Assembly Complex in the 2020 revised budget
The Director General made this known while reacting to report that N27 billion was allocated for the planned renovation of National Assembly.
He said the allocation, which was initially N37 billion, was cut down by 75 percent to N9.25 billion, and not N27 billion as quoted by some reports.
Akabueze said, “The provision for renovation/retrofitting of the National Assembly (NASS) Complex in the revised budget is N9.25bn, not N27bn as being bandied around.
“The initial provision of N37bn in the 2020 Appropriation Act for this was cut by 75% due to the impact of Covid-19 on government revenues.”