HOUSE OF REPRESENTATIVES FEDERAL REPUBLIC OF NIGERIA

99 F OURTH R EPUBLIC 10 H N ATIONAL A SSEMBLY (2023–2027) SECOND S ESSION N O . 20 HOUSE OF REPRESENTATIVES FEDERAL REPUBLIC OF NIGERIA SUPPLEMENT TO THE ORDER PAPER Tuesday, 23 rd July, 2024 PRESENTATION OF BILL 1. National Minimum Wage Act (Amendment) Bill, 2024 (HB. 1677) (Executive) – First Reading. 2. Nigerian Police Act (Amendment) Bill, 2024 (HB. 1678) (Executive) – First Reading. PRESENTATION OF REPORTS 1. Committee on Appropriations: Hon. Abubakar Kabir Bichi:

“That the House do receive the report of the Committee on Appropriations on a Bill for an Act to Amend the Appropriations Act, 2024 to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of N35,055,536,770,218 (thirty-five trillion, fifty-five billion, five hundred and thirty-six million, seven hundred and seventy thousand, two hundred and eighteen Naira) only, of which N1,742,786,788,150 (one trillion, seven hundred and forty-two billion, seven hundred and eighty-six million, seven hundred and eighty-eight thousand, one hundred and fifty Naira) only is for Statutory Transfers, N8,270,960,606,831 (eight trillion, two hundred and seventy billion, nine hundred and sixty million, six hundred and six thousand, eight hundred and thirty-one Naira) only is for Debt Service, N11,268,513,380,853 (eleven trillion, two hundred and sixty-eight billion, five hundred and thirteen million, three hundred and eighty thousand, eight hundred and fifty-three Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N13,773,275,994,384 (thirteen trillion, seven hundred and seventy-three billion, two hundred and seventy-five million, nine hundred and ninety-four thousand, three hundred and eighty-four Naira) only is for contribution to the Development Fund for Capital Expenditure for the year ending on the 31st day of December, 2024 2.

Committee on Finance : Hon . James Abiodun Falake: “That the House do receive the Report of the Committee on Finance on a Bill for an Act to Amend the Finance Act, 2023 to impose and charge Windfall Tax on Banks and Provide for the Administration of the Tax and for Related Matters (HB. 1611) 3. Committees on Power: Hon. Victor Nwokolo: “That the House do receive the Report of the Committee Power on a Call to Resuscitate the Power Transmission Substation in Yenagoa, Bayelsa State (HR. 143/03/2024) (Referred: 13/3/2024). Tuesday, 23 rd July, 2024

Page 1

100 Tuesday, 23 rd July, 2024 No. 20 2. A Bill for an Act to Amend the National Minimum Wage Act, No. 8 of 2019 to increase the National Minimum Wage and reduce the time for periodic review of the National Minimum Wage from five to three years and for Related Matters (HB. 1677) (Hon. Julius Ihonvbere) – Second Reading. 3. A Bill for an Act to Amend the Nigeria Police Act, 2020 to enable a Person Appointed to the Office of Inspector–General of Police remain in Office until the end of the term stipulated in the Letter of Appointment and for Related Matters (HB. 1678) (Hon. Julius Ihonvbere) – Second Reading. CONSIDERATION OF REPORTS 4. Committee on Appropriations: Hon. Abubakar Kabir Bichi:

“That the House do consider the report of the Committee on Appropriations on a Bill for an Act to Amend the Appropriations Act, 2024 to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of N35,055,536,770,218 (thirty-five trillion, fifty-five billion, five hundred and thirty-six million, seven hundred and seventy thousand, two hundred and eighteen Naira) only, of which N1,742,786,788,150 (one trillion, seven hundred and forty-two billion, seven hundred and eighty-six million, seven hundred and eighty-eight thousand, one hundred and fifty Naira) only is for Statutory Transfers, N8,270,960,606,831 (eight trillion, two hundred and seventy billion, nine hundred and sixty million, six hundred and six thousand, eight hundred and thirty-one Naira) only is for Debt Service, N11,268,513,380,853 (eleven trillion, two hundred and sixty-eight billion, five hundred and thirteen million, three hundred and eighty thousand, eight hundred and fifty-three Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N13,773,275,994,384 (thirteen trillion, seven hundred and seventy-three billion, two hundred and seventy-five million, nine hundred and ninety-four thousand, three hundred and eighty-four Naira) only is for contribution to the Development Fund for Capital Expenditure for the year ending on the 31st day of December, 2024 – Committee of supply issue from the Consolidated Revenue Fund of the Federation the total sum of N35,055,536,770,218 (thirty-five trillion, fifty-five billion, five hundred and thirty-six million, seven hundred and seventy thousand, two hundred and eighteen Naira) only, of which N1,742,786,788,150 (one trillion, seven hundred and forty-two billion, seven hundred and eighty-six million, seven hundred and eighty-eight thousand, one hundred and fifty Naira) only is for Statutory Transfers, N8,270,960,606,831 (eight trillion, two hundred and seventy billion, nine hundred and sixty million, six hundred and six thousand, eight hundred and thirty-one Naira) only is for Debt Service, N11,268,513,380,853 (eleven trillion, two hundred and sixty-eight billion, five hundred and thirteen million, three hundred and eighty thousand, eight hundred and fifty-three Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N13,773,275,994,384 (thirteen trillion, seven hundred and seventy-three billion, two hundred and seventy-five million, nine hundred and ninety-four thousand, three hundred and eighty-four Naira) only 1.

Issuance of N35, 055, 536, 770, 218 from the Consolidated Revenue Fund for 2024 (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 2024, the sums specified by the warrants, not exceeding in the aggregate N35,055,536,770,218 (Thirty-Five Trillion, Fifty-Five Billion, Five Hundred and Thirty-Six Million, Seven Hundred and Seventy Thousand, Two Hundred and Eighteen Naira) only, for the year ending on the 31st day of December, 2024.

First Schedule (ii) The amount mentioned in subsection (1) of this section shall be appropriated to heads of expenditure as set out in the Schedule to this Act. ORDERS OF THE DAY BILL

Page 2

No. 20 Tuesday, 23 rd July, 2024 101 (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 (1) of this section. 2. Release of funds from the Consolidated Revenue Fund All amounts appropriated under this Act shall be released from the Consolidated Revenue Fund of the Federation only for the purpose specified in the Schedule to this Act. 3. Virement In the event that the implementation of any of the projects intended to be undertaken under this Act cannot be completed without virement, such virement shall only be effected with the prior approval of the National Assembly. 4.

Corrigendum Any error in the schedule to this Act that may hinder the implementation of projects and programs in Ministries, Departments and Agencies may be corrected through a corrigendum issued by the National Assembly: in any of the following circumstances: (a) If the total sum of the project or program is not affected; (b) Where the projects or programs are domiciled in Ministries, Departments and Agencies that lack jurisdiction to execute such projects; (c) Where the execution of projects or programs by Ministries, Departments and Agencies are overtaken by event; and (d) Where projects are wrongly costed, sited or posted to Ministries, Departments or Agencies 5.

Excess Revenue (i) The Accountant-General of the Federation shall immediately upon the coming into force of this Bill maintain a separate record for the documentation of Revenue accruing to the Consolidated Revenue Fund in excess of oil price benchmark adopted in this Budget (ii) Such revenues as specified in Sub-section (1) of this section refers to Revenues accruing from sales of government crude oil in excess of the approved benchmark price per barrel, the Petroleum Profit Tax and Royalty on Oil and Gas 6. Authorization (i) No funds shall be paid out of the monies arising from the record specified in Section 5 (1) except by an Act/approval of the National Assembly.

(ii) The Accountant-General of the Federation shall forward to the National Assembly full details of funds released to the government Agencies immediately such funds are released. 7. Information on Funds Releases The Minister of Finance shall ensure that funds appropriated under this Act are released to the appropriate agencies and or organs of government as and when due, provided that no funds for any quarter of the fiscal year shall be deferred without prior waiver from the National Assembly. 8.

Due Process Certification The department of government charged with the responsibility of certifying that due processes have been complied with in the processing of implementation of projects shall ensure that all processes of approval are completed within the specified period as provided for in the Public Procurement Act.

Page 3

102 Tuesday, 23 rd July, 2024 No. 20 9. Information on internally generated revenue, domestic and foreign assistance All Accounting Officers of Ministries, Parastatals and Departments of Government who control heads of expenditures shall upon the coming into effect of this Bill furnish the National Assembly on quarterly basis with detailed information on- (a) the Internally Generated Revenue of the agency in any form; and (b) all foreign and domestic assistance received from any agency, person or organisation in any form. 10.

Power of Nigerian Embassies and Missions The Missions and Embassies shall constitute their Tender Board as in a Parastatal's Tenders Board (PTB) within the requisite threshold in compliance with the extant Executive Circular and the Provisions of the Public Procurement Act. 11. Detailed estimate The detailed estimates of expenditure are set out in the Second Schedule to this Bill. 12. Expiry Constitution, 1999. In line with the provisions of section 318 of the Constitution of the Federal Republic of Nigeria, this Bill expires after 12 months, starting from 1st day of January to 31st day of December, 2024 when assented to. 13.

Short Title This Bill may be cited as the Appropriations Act (Amendment) Bill, 2024.

2024 APPROPRIATION SCHEDULE AMENDMENT HEAD REVENUES PART A FGN SHARE OF GROSS FEDERATION REVENUES 12,739,069,984,307 PART B DEDUCTIONS (1,502,632,513,940) PART C FGN SHARE OF NET FEDERATION REVENUES 11,236,437,470,367 PART D INDEPENDENT REVENUES 1,907,775,748,763 PART E OTHER DIVIDENDS 357,923,133,707 PART F AID AND GRANTS 685,632,294,000 PART G SPECIAL FUNDS/ACCOUNTS-RECEIPTS 300,000,000,000 GOVERNMENT-OWNED ENTERPRISES (NET OF OPERATING SURPLUS) 3,645,080,469,662 PART I OTHERS 7,688,757,267,804 AGGREGATE REVENUES/INFLOW 25,821,606,384,303 EXPENDITURES PART J STATUTORY TRANSFERS 1,742,786,788,150 PART K DEBT SERVICE / SINKING FUND 8,270,960,606,831 PART L RECURRENT (NON-DEBT) EXPENDITURE 11,268,513,380,853 PART M CAPITAL EXPENDITURE 13,773,275,994,384 AGGREGATE EXPENDITURE 35,055,536,770,218 SURPLUS / DEFICIT (9,233,930,385,914) FINANCING ITEMS PART N DEBT FINANCING 7,883,529,477,860 PART O ASSET SALES / PRIVITIZATION 298,486,421,740 PART P MULTI-LATERAL / BI-LATERAL PROJECT-TIED LOANS 1,051,914,486,314 AGGREGATE FINANCING ITEMS 9,233,930,385,914 PART H

Page 4