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Senate, House ‘Ready To Pass Budget 2024 Before December 31’

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  • Federal lawmakers invite ministers, heads of agencies, security chiefs, others

The National Assembly is set to meet the December 31 target for the passage and signing of the 2024 Appropriation Bill in line with President Bola Ahmed Tinubu’s request.

President Tinubu, while presenting the bill and laying the budget on Wednesday, urged the lawmakers to give it speedy passage to ensure the continuation of the January to December financial cycle.

Ministers, heads of departments and agencies, security chiefs and chief executive officers of institutions to which funding is appropriated have been summoned by the lawmakers for a parley tomorrow on how to achieve the target.

The meeting will set the template for the process to pass the N27.6 trillion Budget of Renewed Hope.

Chairman of the Senate Appropriation, Solomon Olamilekan Adeola, told The Nation last night that a no-nonsense approach will be adopted.

He warned that heads of ministries, departments and agencies (MDAs) who fail to defend their votes would run on zero allocation next year.

The Senate committee chairman said the plan for speedy passage of the budget will be threatened should the executive introduce a fresh request.

Senator Adeola said: “We are sitting as a joint committee (Senate and House of Representatives) and what this means is that only one report will come from the Appropriation Committee.

“Unlike in the past when we had to sit together for harmonisation and concurrence, what we will have from the joint committees is the harmonised report. This will save considerable time.

“What we don’t expect from the Executive is the introduction of a new item that had not been accommodated in the budget that is already with us for consideration.

“The strategies we have adopted will make the deadline achievable.

“President Tinubu himself is aware of the exigency of time and he has warned his ministers and heads of MDAs to cooperate with us.

“We believe that nobody from the executive arm of government will flout the directive on this.

“If any agency fails to defend its vote, nothing will be appropriated for such agency for next year.

“We need maximum cooperation from the heads of the MDAs to achieve the set target.

“Any minister who fails to honour our invitation will operate on zero allocation next year.

“So, we are putting a lot of sacrifice into the task to deliver the budget on schedule. This is the only way to sustain the January – December budget cycle.”

Expected at tomorrow’s one-day retreat are members of the Senate standing committees and their House of Representatives counterparts.

A source said: “They are going to have something like a retreat on Tuesday, to be attended by all Senate and House of Representatives committee chairmen and all heads of MDAs.

“The planned retreat by the Senate Committee on Appropriations will enable an interaction on the quick passage of the budget before the National Assembly goes on recess for the Yuletide.”

According to the notice of invitation signed by Adeola, Dr. Ayo Teriba has been invited to speak as a guest lecturer.

The economist is to speak on how to get improved outcomes from the 2024 budget, it was learnt.

On the invitation list are chief executives and heads of MDAs; Service chiefs (Army, Navy and Air Force); Inspector-General of Police (IGP); Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC); and Comptrollers-General of the Nigeria Customs Service (NCS) and Nigeria Immigration Service (NIS).

Others are royal fathers, heads of Non-Governmental Organisations (NGOs) and Community Development Associations (CDAs).

 

Credit: The Nation

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