2020 BUDGET: NASS TO RUN NEW CYCLE

The proposed 2019 appropriation bill of N10.33 trillion is set to be passed in December as confirmed by the National Assembly (NASS) Committees after a public hearing held at Assembly complex in Abuja.

The Senate President, Ahmad Lawan at the meeting said, the draft budget would be scrutinized before its final passage, adding that this would resolve undesirable budget cycle in the next fiscal year.

The joint committee of NASS concluded that the 2020 budget would be different from other fiscal years, while hoping for its passage before the end of the Christmas break.

Lawan acknowledged President Buhari for granting the National Assembly’s desires as evident in his statement instructing all ministers and heads of agencies to complete their official duties before embarking on any trip.

Also in a statement by the Speaker House of Representatives, Femi Gbajabiamila, he charged stakeholders to check every details of the document, noting that the legislature will act on it in compliance with the Nigerian constitution.

Gbajiamala said that the economy of Nigeria in 2020 will solely depend on the decision made by the legislature after the budget has been passed, adding that this will reflect the true federal character of the country.

“No lopsidedness; everybody has a part of what is the national cake. We are all stakeholders,” he said.

An appeal to change the budget cycle from January to December was proposed by President Buhari on October 8th to the Joint session of NASS.

ADEOYE OLUWASEUN

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s