Posted on Thu 30 Nov 2017, 04:40 AM

President of the senate, Bukola Saraki, has expressed concerns that the federal government might be exposed to sabotage from within.

While reacting to the debate of the 2018 in the senate and the benchmark on which the proposal is hinged, Sen. Saraki said he sometimes wonder "if technocrats want to embarrass government."

“This year we only did 1.9 million barrels per day and the budget is predicated on 2.3 million, the concern is how realistic is that going to be.

 “If you look at the past two months where oil price has been as high as $60, the reports from FAAC is that they have not been able to put any money in the excess crude account.

“The only reason is that it must be that oil production is much less than what we are budgeting for. I think this is an area we need to look at seriously, it must be that the level of theft and vandalism still going on is very high and it is not being properly reported.

“Secondly, my concern, and I’m happy that we are debating it, is the independent revenue. If we all look at our figures, the budget was 180 something billion but in 9 months we only did 185 meanwhile we are budgeting 800 and something for 2018. How realistic is that? Sometimes I wonder if technocrats want to embarrass government and try to do some things knowing it can’t work," Sen. Saraki said.

 

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