- The federal government will present the 2019 budget to the National Assembly in September
- This is in a bid to restore the normal cycle; and comes following consultations with lawmakers
- By law, the executive arm of government is encouraged to submit the budget in September, so that it can be passed by December
In a bid to restore the January to December budget cycle, the federal government will present the 2019 budget to the National Assembly in September.
The development was made public by the minister of state for budget and national planning, Zainab Ahmed, Daily Trust reports.
Legit.ng notes that the presentation of the last two budgets did not meet the expected threshold as the 2017 budget had been presented to the National Assembly in the second week of December 2016, while lawmakers received that of 2018 in the first week of November 2017.
The minister stated that in order to restore the cycle, the federal government had consulted widely with lawmakers.
She said: “Our aspirations is that we want to meet the requirements of the law to submit it by September; but as you know, the National Assembly is itself away on recess, and they resume by September."
Ahmed pointed out that by law, the executive arm of government is encouraged to submit the budget by September, so that it can be passed by December.
Recall that Legit.ng previously reported that following the consideration and adoption of the report by the joint National Assembly Committee on Appropriation, the Nigeria Senate finally passed the 2018 Appropriation Bill on Wednesday, May 16.
The Senate increased the proposal of N8.612 trillion presented by President Muhammadu Buhari in December, 2017 to N9.120trn.
Nigerians blow hot as President Buhari signs 2018 budget in June - on Legit.ng TV: