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2015 SURE Program - Bill

The document is a bill that appropriates 102.5 billion naira from the Consolidated Revenue Fund of Nigeria for capital expenditures in 2015 under the Subsidy Reinvestment and Empowerment Programme (SURE-P). It authorizes the release of funds and allows for virement between expenditure heads with National Assembly approval. The schedule outlines proposed allocations to sectors like Niger Delta, works, and transportation, as well as administrative costs.

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0% found this document useful (0 votes)
74 views8 pages

2015 SURE Program - Bill

The document is a bill that appropriates 102.5 billion naira from the Consolidated Revenue Fund of Nigeria for capital expenditures in 2015 under the Subsidy Reinvestment and Empowerment Programme (SURE-P). It authorizes the release of funds and allows for virement between expenditure heads with National Assembly approval. The schedule outlines proposed allocations to sectors like Niger Delta, works, and transportation, as well as administrative costs.

Uploaded by

mateto_2014
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLS, PDF, TXT or read online on Scribd
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2015 APPROPRIATION BILL - ADDENDUM

SUBSIDY REINVESTMENT AND EMPOWERMENT


PROGRAMME (SURE -P)
Section
Issue and appropriation of =N=102,500,000,000 from
1
the Consolidated Revenue Fund of the Federation for
2015.
Release of funds from the Consolidated Revenue
2
Fund of the Federation.
3
4

Virement
Interpretation

Short Title

Budget Office of the Federation


Federal Ministry of Finance

Page 1

2015 Appropriation Bill

A Bill for an Act to authorise the issue from the


Consolidated Revenue Fund of the Federation the total
sum of =N=102,500,000,000 (One Hundred and Two
Billion, Five Hundred Million Naira) Only is for additional
contribution to the Development Fund for Capital
Expenditure for the year ending on the 31st day of
December, 2015.
BE IT ENACTED by the National Assembly of the Federal
Republic of Nigeria as follows: 1

(i) The Accountant-General of the Federation shall,


when authorised to do so by Warrants signed by the
Minister charged with responsibility for finance, pay out
of the Consolidated Revenue Fund of the Federation
during the year ending on the 31st day of December
2015, the sums specified by the warrants, not
exceeding in the aggregate
=N=102,500,000,000
(One Hundred and Two Billion, Five Hundred Million
Naira) only.
(ii)
The amount mentioned in subsection (1) of this
section is hereby appropriated to the heads of
expenditure as specified in the Schedule to this Act.
(iii)
No part of the amount aforesaid shall be
released from the Consolidated Revenue Fund of the
Federation after the end of the year mentioned in
subsection (i) of this section.

Amounts appropriated under this Act shall be released


from the Consolidated Revenue Fund of the Federation
and applied only for the purpose specified in the
Schedule to this Act.

In the event that a need arises to vire amounts within


the heads of expenditure to which sums have been
appropriated under this Act, such virement shall only
be effected with the prior approval of the National
Assembly

For the purposes of this Act the term Schedule


includes the detailed estimates of expenditure attached
thereto.

This Act may be cited as the Appropriation Bill II


2015.

Budget Office of the Federation


Federal Ministry of Finance

Page 2

2015 Appropriation Bill

SCHEDULE
PART A - SOURCE OF REVENUE
ESTIMATED UNSPENT BALANCE FROM 2014
EXPECTED INFLOW FOR 12 MONTHS
TOTAL ESTIMATED REINVESTABLE FUND

SCHEDULE
PART B - CAPITAL EXPENDITURE
NIGER - DELTA
WORKS
TRANSPORT
SOCIAL SAFETY NETS AND INFRASTRUCTURE PROJECTS
SURE-PROGRAMME BOARD: CONSULTANCY AND
LOGISTICS
MONITORING AND EVALUATION (NPC)
FEDERAL MINISTRY OF INFORMATION-PUBLIC
ENLIGHTMENT ON SURE-P
FEDERAL CAPITAL TERITORY ALLOCATION
SUB-TOTAL:
TOTAL CAPITAL EXPENDITURE
AGGREGATE EXPENDITURE

Budget Office of the Federation


Federal Ministry of Finance

Page 3

2015 Appropriation Bill

EXPLANATORY MEMORANDUM
A Bill for an Act to authorise the issue from the Consolidated Revenue Fund of the
Federation the total sum of =N=102,500,000,000 (One Hundred and Two Billion,
Five Hundred Million Naira) Only is for additional contribution to the Development
Fund for Capital Expenditure for the year ending on the 31st day of December,
2015.

Budget Office of the Federation


Federal Ministry of Finance

Page 4

2015 Appropriation Bill

Budget Office of the Federation


Federal Ministry of Finance

Page 5

2015 Appropriation Bill

Issue and
appropriation of
=N=102,500,000,0
00 from the
Consolidated
Revenue Fund for
2015

Release
of
funds
from
the
Consolidated
Revenue Fund

Virement

Interpretation
Short Title

Budget Office of the Federation


Federal Ministry of Finance

Page 6

2015 Appropriation Bill

2015 BUDGET
PROPOSAL
=N=
###
###
###
2015 BUDGET
PROPOSAL
=N=
11,200,000,000
45,000,000,000
10,000,000,000
30,450,000,000
500000000
150000000
200000000
5000000000
###
###
###

Budget Office of the Federation


Federal Ministry of Finance

Page 7

2015 Appropriation Bill

ted Revenue Fund of the

Hundred and Two Billion,

tion to the Development


31st day of December,

Budget Office of the Federation


Federal Ministry of Finance

Page 8

2015 Appropriation Bill

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