Crude Oil Benchmark: Senate, Reps May Opt For Joint Sitting
Following the failure of the Senate Harmonisation Committee and that of the House of Representatives on Medium Term Expenditure Framework (MTEF) to come to a compromise on the benchmark for crude oil in 2014 budget, the lawmakers may go for voting in a joint sitting presided over by the senate president.
Recall that both committees last week failed to harmonise their earlier positions of $76.5 for Senate and $79 for House respectively.
Chairman of Media and Public Affairs Committee of the House, Hon Zakari Mohammed (PDP, Kwara) said yesterday in a phone chat with LEADERSHIP that if further attempts at reaching a common benchmark fail, the two chambers will have to use the final tool to decide.
"We will then have to have a joint session presided over by the president of the Senate, David Mark and the speaker of the House of Representatives, Hon Waziri Tambuwal will cast his votes along with other lawmakers in support for the benchmark he favours", Zakari said.
Recall that the House and the Senate raised separate committees to meet and harmonise different figures reached by the two chambers when they passed the MTEF. The presidency had presented $74, the Senate passed $76.5 while the House passed $79.
With attention focused on the benchmark, the likelihood of the presidency presenting the budget to the National Assembly is very slim considering that the legislators will be on recess for the yuletide on Thursday.
President Goodluck Jonathan had earlier informed the National Assembly that he will delay the presentation of the budget pending when they agree on a fixed benchmark to be used for the oil benchmark in 2014.
But barely three days to go, nothing has changed since then. According to the House spokesman in a phone chat last night, "the two committees have not reached an agreement and we have not received any letter from the presidency notifying us of any request from the presidency to come and lay the budget".
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Oke-Kura Ophthalmological Society Of Nigeria Yunus Oniboki Plat Technologies Limited QuickWin Olam Food Ingredients Haashim Initiative For Community Advancement Idofin Olushola Saraki Kunle Okeowo TETFUND Abdulfatah Ahmed Gafaru Olayiwola Olorisade Aliyu Alhassan Dunmade Abdulraheem Olesin Hakeem Idris Plat Technologies Ajasse-Ipo Aremu Bose Deborah Elerinjare-Ibobo Saka Keji Jimoh Saadudeen Muhammed Jimoh Akani Kaosarah Adeyi Adama Isa Sai Kayi Abikan Joseph Alex Offorjama Akume Sherif Shagaya Abiodun Abdulkareem Offa IHS AGILE Programme Societe Generale Bank Of Nigeria Ubandawaki Eleyele GRA Bamikole Omishore Binta Abubakar Mora Kwara Apc Ladi Hassan Florence Saraki Belgore Mahmud Durosinlohun Atiku Sulyman Age AbdulKareem Abdulhakeem Amao Ilorin Durbar Vasolar Consultoria Sheriff Olanrewaju College Of Arabic And Islamic Legal Studies Centre For Community Empowerment And Poverty Eradication Musa Alhassan Buge Saeedat Aliyu Oja-Oba Sayomi Sulu Gambari Olofa Of Offa Salihu Yahaya Overland Olaitan Buraimoh Matthew Okedare Wahab Isa Adisa Logun John Obuh Kwara State Football Association Yahaya Abdulkareem Babaita Zulu Gambari IQRA College Iyabo Adewuyi Folajimi Aleshinloye Iyabo Adisa Ibiyeye Taiwo Joseph Isiaka Saka Opobiyi Dan Iya Of Ilorin Tunji Arosanyin

