BREAKING: Senate BANS FG agencies from spending, gives Osinbajo 2 weeks to submit budgets


- The Nigerian Senate has given agencies
and parastatals that have not submitted
their budget proposals 2 weeks ultimatum
- The ultimatum was issued at the plenary
on Wednesday May 17
- The lawmakers also barred the affected
agencies from capital expenditure until
their budgets had been passed by the
legislature
The Nigerian Senate has asked federal
government to present the budgets of
corporations, agencies and parastatals
to the legislature withing two weeks.
The Nigerian lawmakers issued the
ultimatum at the plenary on Wednesday
May 17.
The Senate, following a motion by the
Deputy Leader, Bala Na’Allah on
Wednesday, also resolved that the
concerned agencies should stop further
spending pending compliance.
Consequently, the Senate barred the
affected corporations and parastatals
from capital expenditure until their
budgets had been passed by the
legislature.
The ultimatum was issued at the plenary on
Wednesday May 17
The lawmakers decried non-compliance
with Section 21 of the Fiscal
Responsibility Act by government
agencies.
The Senate also issued a two-week
ultimatum to acting President Yemi
Osinbajo to ensure submission of the
budgets of 31 public establishments,
including the Nigerian National
Petroleum Corporation and the Nigerian
Ports Authority, to the National
Assembly in line with the provisions of
the Nigerian Constitution and the Fiscal
Responsibility Act.
Many Senators, including Deputy Senate
President Ike Ekweremadu; Solomon
Adeola, APC-Lagos; George Sekibo, PDP-
Rivers; James Manager, PDP-Delta;
Barnabas Gemade, APC-Benue, took
swipe on the agencies for disregarding
the law and spending “trillions”, in
sum, without appropriation.
Senate is worried about the non
submission of the 2017 Budget proposals
of statutory corpoarations to the
@nassnigeria #WhereIsYourBudget
12:06 PM - 17 May 2017
9 1
1h The Nigerian Senate
@NGRSenate
1. Non-Submission of 2017 Budget
by Public Corporations in violation
of the Fiscal Responsibility Act by
Senate
Leader. #WhereIsYourBudget
The Nigerian Senate
@NGRSenate
@nassnigeria @YAYIAdeola Senate
resolves to urge the @NGRPresident to
as a matter of urgency submit the budget
of these agencies to the @NassNigeria in
accordance...
12:33 PM - 17 May 2017
6 2
1h The Nigerian Senate
@NGRSenate
@nassnigeria @YAYIAdeola
Senator Barnabas Gemade also
speaks on the need to ensure the
budgets of these statutory
corporations are
submitted. #WhereIsYourBudget
The Nigerian Senate
@NGRSenate
Recall that NAIJ.com reported in today's
Newspaper review that thirty-eight
statutory agencies of the Federal
Government are yet to submit their
budget proposals for the 2017 fiscal
year.
These agencies, which include the
Nigerian National Petroleum
Corporation (NNPC), Central Bank of
Nigeria (CBN) and Bureau of Public
Enterprises (BPE), have continued to
make huge extra-budgetary expenditure
in breach of the Fiscal Responsibility
(FRA) Act 2007.
This was disclosed by the Senate
yesterday during a legislative session.
Recently, NAIJ.com took to the streets of
Lagos to ask Nigerians if President
Buhari has truly taken the country out
of recession. Here are their reactions.

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