The Nigerian Senate has formally received the 2017 Appropriation Bill, following its harmonisation by the two chambers of the National Assembly, the Senate and House of Representatives.
Chairman of the joint committee on Appropriation, Senator Danjuma Goje laid the Budget Bill on the floor of the Senate chamber at the resumed plenary.
It took the lawmakers five months to work on the Appropriation Bill before it was laid on Tuesday. Recall that President Muhammadu Buhari had presented the =N=7.298trillion budget to a joint session of the National Assembly on December 14, 2016.
Speaking on the development, Senate President Dr. Bukola Saraki disclosed that senators were yet to receive both hard and soft copies of the Bill. He, however, assured them that every legislator would get soft copy of the document on Tuesday while the hard copies will be available on Wednesday.
The Senate President further confirmed that the consideration and passage of the Bill will take place on Thursday this week.
In another development, the Senator represents cross river central senatorial district in cross river state, southern Nigeria, John Enoh officially defected to the ruling APC from the main opposition PDP.
Senator Enoh who is the chairman of the committee on finance announced his decision to quit the PDP on the floor of the senate chamber before the commencement of Tuesday plenary.
Senate also on Tuesday acknowledged the receipt of President Muhammadu Buhari’s letter on his medical trip to London.
Meanwhile, the Senate has passed the Credit Bureau Services Bill 2017 and the Secured Transactions in Movable Assets Bill 2017. Both Bills would ensure that the CBN establish credit access bureau in parts of the country to facilitate ease of assessing loans by small and medium business entrepreneurs, and promote credit records and reporting of all forms of assets used in doing business in the country.