Buhari Demands N242b For Funding 2019 Elections


Buhari Demands N242b For Funding 2019 Elections

Buhari Demands N242b For Funding 2019 Elections.

In a letter read by Senate President Bukola Saraki to senators at the commencement of yesterday’s session, Buhari asked that the sum of N228, 854 billion of the N 578, 319 billion worth of projects ‘inserted’ by the National Assembly into the 2018 budget be vired or converted for the purpose of funding the election. This will also fund N 64,749 billion worth of critical projects, which the assembly had earlier cut off from the budget.

Also read: Nigeria 2018 Budget Shortfalls Raises Debt To N25 Trillion

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The letter, tagged, ‘Request for Virement and Supplementary 2018 Budget’, reads: “ As you are aware, the 2019 general election is scheduled to be conducted early in 2019. To ensure that adequate arrangements are made for free and fair elections, it has become necessary to appropriate funds to enable the relevant agencies to commence preparations. INEC and the security agencies have accordingly recently submitted their requests. These have been subjected to the usual budget evaluation. The aggregate cost of the elections is estimated at N 242, 445,322,600. 00.”

He added: “ In the light of prevailing fiscal constraints, I am proposing that the sum of N 164, 104, 792, 065. 00 be provided for through virement or supplementation of the 2018 budget. I propose that the balance of N78 , 340, 530. 535. 00, mostly related to personnel allowances, fueling and other costs not required until the election proper, be provided in the 2019 budget.”

Meanwhile, in a keynote address he delivered yesterday on the occasion of the 20 th anniversary of the International Criminal Court (ICC), The Hague, Holland, Buhari restated his administration’s commitment to doing “ everything possible to ensure that Nigeria witnesses the conduct of free , fair and peaceful elections in 2019. ”

The only president invited to the event marking the adoption of the ICC Rome Statute , he said : “ Contrary to the tragic incidents that characterised the 2011 general elections in Nigeria, which necessitated preliminary investigations by the International Criminal Court , I assure you that all hands are on deck to prevent any recurrence of such tragic incidents.