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Buhari strikes out schools feeding, N5k stipends from 2017 budget

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Buhari forwarded requests for approval of external borrowing plan of $29.96b for execution of key infrastructural projects from 2016-2018 to NASS

President Buhari has struck out provision for N5,000 monthly stipends for poor Nigerians and schools feeding  programme from 2017 budget.

Mr President hinged decision to delete the provision out of 2016 budget because there is need to work out proper modalities for their operation.

Buhari however vired ‎the N180 billion out of the N500 billion earmarked for special intervention Programme in 2016.

‎Buhari in the virement request, said the N180 billion would be moved from monies already appropriated for special Intervention programmes both recurrent and capital for funding of critical recurrent and capital items.

‎He said the request arose due to a number of reasons including: 

1. Shortfalls in provisions for personnel costs; 

2. Inadequate provision ab initio for some items like the amnesty programme; 

3. Continuing requirements to sustain the war against insurgency; and,

4. Depreciation of the Naira.

Buhari said: “‎The personnel cost and overhead provision leave no margin for amounts to be vired from them. 

“The only viable provision from which the required amounts can be vired are those for the special intervention programme which are not likely to be fully utilized this year as it took some time to work out proper operational modalities for its operation.

“We are committed to the implementation of the special intervention programme and intend to provide for it in the 2017 budget.”‎

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