National Assembly receives N172bn statutory transfers in 6-month

Between January and July, the National Assembly has collected the total sum of N172,426,440,330 as statutory transfers.

Figures made available by Govspend revealed that an Open Treasury portal with its daily payment information, and monthly, and quarterly implementation output.

,,,,,…..Statutory transfers are funds allocated to government institutions as mandated by law and protected by the constitution, allowing these institutions to determine their budgets independently.

,,,,,,,Statutory transfers are payments made to certain government agencies, ensuring they receive funding independently of the executive’s direct control, based on their specific functions. The National Assembly falls under this category.

While the National Assembly had always kept the breakdown of its spending secret, the data available to…..our correspondent shows that N28,737,740,055.75 was released to the National Assembly management monthly.

,,,,,__,,The first payment was received on the sixth of February, followed by another payment on the 29th of the same February.

Similarly, the third tranche was paid on the 28th of March, followed by another on the third of May, followed by another on the 28th of May and the 25th of June.

____The 2024 budget breakdown revealed that the National Assembly statutory transfer was pegged at N344bn, the data, however, revealed that NASS got about N29bn monthly as its monthly statutory.

_____The National Assembly had increased the 2024 budget presented by President Bola Tinubu from N27.5tn proposed by the president to N28.7tn, a difference of about N1.2tn.

______The lawmakers raised statutory transfers (i.e., funding to the National Judicial Council, Niger-Delta Development Commission, Universal Basic Education Commission, National Assembly, Public Complaints Commission, Independent National Electoral Commission, National Human Rights Commission, North-East Development Commission, Basic Health Care Provision Fund, and National Agency for Science And Engineering Infrastructure) from N1.38tn to N1.74tn.

The budget further showed that the changes in statutory allocations were National Judicial Council N341.63bn (formerly N165bn), Niger-Delta Development Commission N338.93bn (formerly N324.85bn), and Universal Basic Education Commission N263.04bn (formerly N251.47bn).

__,,,,,Others were National Assembly N344.85bn (formerly N197.93bn), Public Complaints Commission N14.46bn (formerly N13.69bn), Independent National Electoral Commission N40bn (formerly N40bn) National Human Rights Commission N5bn (formerly N5bn), North East Development Commission N131.84bn (formerly N126.94bn), Basic Healthcare Provision Fund N131.52bn (formerly N125.74bn), and National Agency for Science and Engineering Infrastructure N131.52bn (formerly N125.74bn).

The budget details of the country’s law-making arms include the National Assembly Office (N36.73bn), Senate (N49.15bn), House of Representatives (N78.63bn), National Assembly Service Commission (N12.33bn), Legislatives Aides (N20.39bn), PAC – Senate (N130m), PAC – House of Representatives (N150m), General Services (N30.81bn).

_____Alternative Power Supply (Solar Power System) (N4bn), NASS Zonal Liaison Offices (N3bn), NASS Pension Board (Take-Off Grant) (N2.5bn), NASS Car Park Project – Senate (N3bn), NASS Car Park Project – House of Representatives (N3bn), NASS Hospital Project (N15bn), NASS Recreation Centre (N4bn), Furnishing of Committee Meeting Rooms and other Offices within the Senate Building (N2.7bn).(Punch)