Search results
Results from the WOW.Com Content Network
An appropriation bill, also known as supply bill or spending bill, is a proposed law that authorizes the expenditure of government funds. It is a bill that sets money aside for specific spending. [1] In some democracies, approval of the legislature is necessary for the government to spend money.
This is a list of the standing committees of the National Assembly of Nigeria. There are currently 57 standing committees in the Nigerian Senate , while the House of Representatives currently has 89 standing committees.
The Appropriation Acts (Repeal) Bill, 2015 was introduced in the Lok Sabha on 24 April 2015 by then Minister of Law and Justice, D.V. Sadananda Gowda. The Bill sought to repeal 758 Appropriation Acts including 111 state appropriation acts enacted by Parliament between 1950 and 1976, and Railway Appropriation Acts enacted during 1950–2012.
The 9th National Assembly of the Federal Republic of Nigeria was a bicameral legislature inaugurated on 11 June 2019 and ran its course until 11 June 2023. [ 1 ] [ 2 ] [ 3 ] Principal Officers
The 2018 budget was considered to be a crucial one, [9] [10] [11] as it would be the first since the rollout of the Goods and Service Tax (GST) regime in India. [12] [13] [14] It was widely expected that the budget would either increase the exemption limit, or introduce a standard deduction for salaried people to reduce the tax burden, in addition to a reduction of the tax rate for the ₹ 5 ...
LONDON (Reuters) -Nigeria is off the hook for an $11 billion damages bill over a collapsed gas processing project that was procured by bribery after the award was thrown out by London's High Court.
A Consolidated Fund (Appropriation) Bill is brought in and passed at the end of the parliamentary year before the Summer recess. When passed, this is known as the Appropriation Act, and allocates the monies from the Consolidated Fund to the purposes set out in the main annual departmental expenditure estimates (the annual government department ...
India is Nigeria's leading investor, with a investment base of about $20 billion. [11] India is the fifth largest investor in Africa with cumulative investment of USD 70.7 billion. [12] India is also the third largest trading partner of Africa after China and USA. India accounts for 6.4% of total African trade. [13]