The Senate has given an ultimatum of one week to all agencies and corporations 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 Fiscal Responsibility Act 2007, the Senate had yet to officially receive the budgets of the agencies listed in the schedule.
“Last year, 2016, those proposals were submitted with annual appropriation. We need to have budget appropriations properly passed for these agencies and corporations.

“I believe that the time is already late but we still have to pass the budgets of these agencies.
“I, therefore, move that this Senate resolves that agencies that have not submitted those proposals in line with the Fiscal Responsibility Act must do so within the next one week.”

http://www.anstalk.com/2017/07/senate-gives-agencies-one-week-to.html

Wait oo, which budget did dey approve and sign then since agencies were yet to submit??

Nbote:
Wait oo, which budget did dey approve and sign then since agencies were yet to submit??

The federal government budget does not capture agencies that are not funded from the consolidated revenue funds.