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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.
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]
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.
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 ...
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 House of Representatives (also called Green Chamber) is the lower chamber of Nigeria's bicameral National Assembly. [1] The Green Chamber has 360 members who are elected in single-member constituencies using the plurality (or first-past-the-post) system, most recently in 2023.
The main annual money bills are the Finance Bill for implementing the budget and the Appropriation Bill for implementing the estimates. [14] The Constitution requires all appropriation of public funds to be pre-approved by the Government in the form of a "money message" signed by the Taoiseach. [15]