Acting President Yemi Osinbajo Demands N136bn “Critical Priority” Fund From Reps

Acting President Yemi Osinbajo has today written the House of Representatives to request N136.5 billion for critical projects in the 2017 national budget.

Osinbajo earlier signed the 2017 Budget in June upon the agreement between the Executive and Legislature that a request for virement can be sent later, which he is now doing.

The projects include the railway standard gauge projects, the Mambilla Power Project, the Second Niger Bridge, the Lagos-Ibadan Expressway etc.

The Acting President added that the budgetary allocations would be reinstated by way of an application for virement by the Executive.

“It is as a result of that understanding and the outcome of our detailed engagements that we feel able to sign the 2017 Appropriations Bill into law today,” he said.

[Source: Channels TV]