DAILY LAW TIPS
by Onyekachi Umah,Esq.
(Tip 259)
HOW LONG CAN A GOVERNOR SPEND STATE MONEYS WITHOUT APPROVAL OF HOUSE OF ASSEMBLY.

Every year, every governor is expected by law to send in a budget to its House of Assembly for approval. The process of approving a budget may take months and within such time there is always need for state to spend public funds. Until a budget is approved, a Governor can withdraw and spend moneys from the Consolidated Revenue Funds of the state for necessary services of government for a period not more than six (6) months or until budget is approved, which ever that happens first prevails.
Such money to be withdrawn within such time must not be more than the amount that was approved for the previous year’s budget for such period of time.

My authorities are sections 122, 318 and 319 of the Constitution of the Federal Republic of Nigeria 1999.

 

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DAILY LAW TIPS
by Onyekachi Umah,Esq.
(Tip 126)
“Summary of 2018 Budget of the Federal Government of Nigeria”.

It is your RIGHT to know and understand Budgets of Nigeria and it’s states as well as to demand transparent execution. The 2018 Budget contains;
2018 Expected Revenue is N7.17 Trillion
2018 Expected Expenditure is N9.12 Trillion
Highest Revenue Source: Oil Revenue (41.7%)
Lowest Revenue Source: Tax Amnesty (1.2%)
Recurrent Expenditure(Non-Debt): N3.512 Trillion
Capital Expenditure: N2.87 Trillion
Highest Funded Ministry: Interior
Lowest Funded Ministry: Water Resources
Assumed Price of Oil: $51 per barrel

My authority: The Appropriation Act 2018.

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