Dogara disclosed further that both the Senate and the House of Representatives have agreed that the budget will be presented on April 19 and passed on April 24.
Browsing: Fiscal Responsibility Act
Oscarline Onwuemenyi 07 November 2017, Sweetcrude, Abuja – President Muhammadu Buhari on Tuesday formally presented about N8.612 trillion as the…
Specifically, the report stated that the Nigeria National Petroleum Corporation (NNPC) operated a deficit account of N3,115,495,257,000,000 within the period under review.
Osinbajo said, “Going forward, we have agreed with the National Assembly leadership on the necessity to get Nigeria back onto a predictable January to December fiscal year. To achieve this, the 2018 budget needs to get to the National Assembly no later than early October so that the National Assembly can conclude work on it before the end of the year.”
Ahead of the commencement of debate, the Senate, barring any last-minute change of plan, is expected to hold its second interactive session with Civil Society Organizations (CSOs) on the nation’s budgeting system today.
The scheme, which comes with stringent conditions, is designed to provide relief to the states, many of which are finding it difficult to pay their workers’ salaries.
