Senate gives agencies 7 days to submit budgets

0
284

Nigerian-Senate

The Senate on Wednesday gave an ultimatum of one week to all agencies and parastatal agencies of the Federal Government that had yet to submit their 2017 budgets for scrutiny and passage to do so.

The agencies are those required by the Fiscal Responsibility Act 2007, to submit their budgets to the National Assembly for approval independent of the national budget.

The agencies include Central Bank of Nigeria, Nigeria National Petroleum Corporation and Nigerian Ports Authority.

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…

Read More…..PM News