Senate asks FG agencies to submit budgets in two weeks

Written by  May 17, 2017

The Senate has asked Federal Government to present the budgets of revenue generating corporations, agencies and parastatals to the legislature in two weeks.

They include the Corporate Affairs Commission, Central Bank of Nigeria and Nigeria National Petroleum Corporation.

The lawmakers issued the ultimatum at today’s plenary.

Also, the Senate barred the affected corporations and parastatals from capital expenditure until their budgets had been passed by the legislature. The lawmakers decried non-compliance with Section 21 of the Fiscal Responsibility Act by government agencies.

 

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