The Speaker of the House of Representatives
Yakubu Dogara has commented on National Budget that was presented by
President Muhammadu Buhari on Tuesday, December 22.
He said that the NASS will hold President Buhari to every word and provision in the 2016 budget.
Dogara at the end of the presentation assured the leader of the nation that the national assembly would pass the budget in good time.
The speaker said the assembly would work towards suggesting a 12-month financial year to enhance the full implementation of the budget.
“The national assembly may need to prescribe another date as the financial year in line with provisions of section 3 (18) of the constitution whenever the budget is not passed before January 1 of any given year,” he said.
“The letter and spirit of the constitution requires that the financial shall not be less than 12 months. The date of the commencement of the financial year may change, but not the 12-month period as prescribed in the constitution.
“Consequently, if this proposal is accepted it may become imperative that the 2016 budget may commence 12 months from the day it is signed into law by Mr President. The budget will only have a realistic chance of implementation when the executive have 12 uninterrupted months to executive it.
“In the spirit of change that has come to the legislature, we promise Nigerians to hold Mr President to every word and provisions of the budget when passed and assented to.”
The president had presented a N6.08 trillion budget before a joint session of National Assembly. In his address to the lawmakers and Nigerians, the leader of the nation predicted a capital expenditure of N1.8trn, which is 30% of the total budget.
President Buhari also announced that his administration would implement social welfare programmes to ease the suffering of “the poorest of the poor,” and that 500,000 graduate teachers would receive the jobs to teach in primary schools across Nigeria.
President Buhari Presents 2016 National Budget
Dogara at the end of the presentation assured the leader of the nation that the national assembly would pass the budget in good time.
The speaker said the assembly would work towards suggesting a 12-month financial year to enhance the full implementation of the budget.
“The national assembly may need to prescribe another date as the financial year in line with provisions of section 3 (18) of the constitution whenever the budget is not passed before January 1 of any given year,” he said.
“The letter and spirit of the constitution requires that the financial shall not be less than 12 months. The date of the commencement of the financial year may change, but not the 12-month period as prescribed in the constitution.
“Consequently, if this proposal is accepted it may become imperative that the 2016 budget may commence 12 months from the day it is signed into law by Mr President. The budget will only have a realistic chance of implementation when the executive have 12 uninterrupted months to executive it.
“In the spirit of change that has come to the legislature, we promise Nigerians to hold Mr President to every word and provisions of the budget when passed and assented to.”
The president had presented a N6.08 trillion budget before a joint session of National Assembly. In his address to the lawmakers and Nigerians, the leader of the nation predicted a capital expenditure of N1.8trn, which is 30% of the total budget.
President Buhari also announced that his administration would implement social welfare programmes to ease the suffering of “the poorest of the poor,” and that 500,000 graduate teachers would receive the jobs to teach in primary schools across Nigeria.
No comments:
Post a Comment