Senate Gives Agencies 7 Days To Submit Budgets
The Central Bank of Nigeria, Nigeria National Petroleum Corporation, Nigerian Ports Authority and some other federal agencies have one week to submit their 2017 budgets for scrutiny and passage.
These are agencies required by the Fiscal Responsibility Act 2007, to submit their budgets to the National Assembly for approval independent of the national budget.
The Senate gave the order on Wednesday.
The assembly also gave the agencies a chance to submit the proposals to the relevant committees for onward transmission to the Senate leader for legislative action.
It added that all exercise for consideration should be done before the lawmakers would go for their annual recess.
The directive followed a motion by the Senate Leader, Ahmed Lawan, during plenary.
Lawan said in respect of the Fiscal Responsibility Act 2007, the Senate had yet to officially receive the budgets of the agencies listed in the schedule.
Seconding the motion, the Deputy President of the Senate, Sen. Ike Ekweremadu, urged the agencies to immediately comply with the law by submitting their budgets.
In his remarks, the President of the Senate, Dr Bukola Saraki said “in line with the Act, these budget estimates of the agencies should have come along with the budget presentation by President Muhammadu Buhari.
“We have the intention that we will like to pass the budget before we leave. We should allow that the parastatals can submit those budgets to the committees which will now send to the leadership for it to be coordinated,
“By doing this, it is the kind of waiver that we are doing for the purpose of this year.
“The budget submission by these agencies must be done within a week,” Saraki said.