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Home Headline News

No date yet for budget passage –Senate

Agency Report by Agency Report
March 13, 2018
in Headline News
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No date yet for budget passage –Senate
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No date has been fixed for the passage of the 2018 Budget, the National Assembly has said.

The spokesman of the Senate Sa’abi Abdullahi made this known on Tuesday while speaking with journalists in Abuja.

According to him, work was already going on, but there was no date yet fixed for the passage.

He however gave the assurance that the budget, when passed would be worth it.

His words: “The budget process is on and I can’t tell you this is the specific date it is going to end.

“We are working very hard on it and we want to assure Nigerians that at the end of the day, we will have a budget that will serve the purpose of Nigerians.”

Read also: FG screens 240 projects for ERGP focus labs

Abdullahi also spoke on the decision of the Senate to lift embargo on the confirmation of presidential nominees.

According to him, “There was an existing impasse between the Executive and the Legislature with respect to confirmation hearing of appointees of the Executive.

“We had a resolution that since the executive is claiming we don’t have the powers to make those confirmations we are not going to consider the nominees they are forwarding to us. This happened since last year.”

The Senate, after a Point of Order by Sen. Rafiu Ibrahim (APC-Kwara), lifted the embargo.

According to Abdullahi, the Senate made the resolution not because they had any axe to grind with anybody, but because “we believe we must defend the sanctity of democracy and ensure the institutions of democracy, for which the Senate is the apex.”

He further explained that the upper chamber resolved that it would consider the confirmation of members of the Monetary Policy Committee (MPC).

“We will also consider the nomination of the two deputy governors of Central Bank (CBN) who are also members of the MPC so that the Nigerian economy will receive the necessary technical input to ensure that we sustain the growth of our economy,” he said.

“We are definitely going to do the confirmation to enable those confirmed to attend the next MPC meeting,” Abdullahi said.

The MPC meeting is scheduled to hold on March 19 and 20.(NAN)

Tags: APCbudget passagenewsNEXT EDITIONnigerian newspapersSenateSenate Sa’abi Abdullahi
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