Budget – News, Events and Happenings https://www.1001newsng.com Just another WordPress site Sat, 15 Jun 2019 07:29:44 +0000 en-US hourly 1 https://www.1001newsng.com/wp-content/uploads/2021/03/cropped-newlogo-300x95-2-32x32.png Budget – News, Events and Happenings https://www.1001newsng.com 32 32 Lawan sworn in action, promise signing of Budget in three months https://www.1001newsng.com/lawan-sworn-in-action-promise-signing-of-budget-in-three-months/ https://www.1001newsng.com/lawan-sworn-in-action-promise-signing-of-budget-in-three-months/#respond Sat, 15 Jun 2019 07:29:44 +0000 https://1001newsng.com/?p=4475 President of the Nigerian Senate, Sen. Ahmad Lawan, says henceforth the National Assembly (NASS) will ensure the passage of the nation’s appropriation bill within three months of its submission by the Executive arm of government.

Lawan stated this known when he fielded questions from State House correspondents after joining President Muhammadu Buhari to perform the weekly Friday’s Juma’at prayer at the Aso Rock Mosque, Abuja.

He, however, expressed the hope that the executive would always ensure early submission of the budget enable the assembly deliberate and pass it in good time.

“Well, this is a crucial thing that worries everyone, every Nigerian wants to see the National Assembly passes the budget in good time and what we have in mind we’ve campaigned with that and it’s something both of us in the National Assembly have bought into – that we’ll pass the budget within three months by the grace of God.

“But I want to say here that it takes two sides of government to pass the budget in good time.

“I am sure that the executive side of the government would like to present the budget before the National Assembly in good time – in September or early October.

“By the grace of God, we in the National Assembly will ensure that we carry out the budget defence and do the remaining parts of the processes and before we leave for Christmas break, the budget would have been passed and Mr President would have the budget before him to assent,” he said.

The Senate President, therefore, called for sacrifice by both the assembly and the executive so as to create “a window for budget defence only, a dedicate period and timeframe- say a month of which only budget defence will be carried out in the National Assembly.

“It is our desire in the National Assembly that every minister, every chief executive officer of every agency comes to the National Assembly and defence the budget of his agency or her agency before going out of the country.

“That window is going to be available within the one month but that is the only window that is going to be available.

“After that for example, every minister or head of agency who did not come to defend the budget of that institution, the National Assembly would go ahead to work on such a budget appropriately.”

According to Lawan, the national assembly is in a hurry and thirsty to perform and will support President Buhari in his efforts to transform the nation’s economy for the benefit of all citizens.

He added “I believe that nobody would take pleasure in wasting the time of this administration.

“We are in a hurry, we are thirsty to perform, we want to support Mr. President, we want to see Mr. President achieve those legacy dreams that he has. And we are going to work full course and full time to ensure that we give him the maximum support that he requires.”

]]> https://www.1001newsng.com/lawan-sworn-in-action-promise-signing-of-budget-in-three-months/feed/ 0 I will ensure January – December Budget Circle – Ahmed Lawal https://www.1001newsng.com/i-will-ensure-january-december-budget-circle-ahmed-lawal/ https://www.1001newsng.com/i-will-ensure-january-december-budget-circle-ahmed-lawal/#respond Thu, 16 May 2019 10:12:59 +0000 https://1001newsng.com/?p=4345 Ahead of the inauguration of the Ninth Senate and the election of a new Senate President, the Senate Leader, Dr. Ahmad Lawan, yesterday said his plan is to devote three months to budget consideration if he is elected to the lead the National Assembly in the next political dispensation.
The Senate Leader said he would ensure the return of the nation to the January-December budget cycle.
According to him, an effective budget cycle would be put in place in a manner that the President would sign the Appropriation Bill of the year ahead on or before December 31.
Lawan unfolded his plans when he met with representatives of media organisations in Abuja against the backdrop of fierce contest for position of the Senate president.
.“Our approach in the National Assembly will be that we will talk amongst ourselves; we will tell ourselves that we want to pass the budget within three months. If we agree on that, then we will also have to agree on how we will achieve that.
” First, we should not leave the Shores of Nigeria for anything unless it is health problem. We must stay around; ensure we have a time frame for budget defense. When I say time frame, I mean we will devote a whole month it, not plenary unless it becomes absolutely necessary.
“We will approach the executive arm of government and discuss things with them.
“For Mr. President, there will be nothing more that will gladden his heart than having a budget passed within three months and I am sure it is the same for Nigerians.
“It will be a huge relief if we can achieve it. So, we will tell the Executive arm of government that no Minister, no chief executive officer of any MDA should leave this country unless it is absolutely necessary and inevitable without defending his or her budget or the budget of the ministry.
“That one-month window should be the only window for budget defense. If any minister or any chief executive officer fails without cogent reasons to defend the budget of the ministry, then that window will be shut and the National Assembly should treat that proposal as it deems fits with all the necessary safeguards to ensure that there is no abuse.
“After the budget defense, we should have two solid months to have all the analysis we need, all the sub-committees would meet for their defense with the sub-committees in the House and the Senate and it is our hope and desire that before the Christmas break of the National Assembly, the budget should be sent to Mr. President for assent.
“We believe that this is doable and achievable. All we require is the will. I am sure every one of us in the 9th Senate and House of Representatives will have this kind of feeling that what we need to give to Nigerians is to set this budget issue right.
“In fact, we should attempt to make the budget cycle 1st January- 31st December because this is important for our businesses in this country and outside Nigeria. We should have 12 calendar month of budget presentation because that will translate into massive infrastructure development, provision of services across the country for citizens. So, this is the way we intend to go”.

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