National Assembly To Reconvene Over Budget, N500bn Covid-19 Fund - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 16, 2020
The National Assembly is mulling reconvening next week Tuesday to consider and possibly approve pending interventions by the Federal Government in response to the COVID-19 pandemic.
Sources said that the leadership of the National Assembly was planning to recall members from recess to attend to national issues.
The member of the House Committee on Media and Public Affairs,  who spoke on condition of anonymity, said the federal parliament might resume on Tuesday to consider the issues.
The lawmakers had embarked on break on March 24th, 2020, over the spread of coronavirus disease.
The House had, however, expressed its plan to reconvene for a possible amendment to the 2020 Appropriation Act, as the Federal Government planned to reduce the national budget due to crashing crude oil prices.
The Federal Government had revised downward the revenue projection for the 2020 budget by 3.3 trillion naira; from the initial approved amount of 8.41 trillion to 5.08 trillion.
The Federal Government also revised downwards the oil price benchmark from 57 dollars per barrel to 30 dollars per barrel.