2020 budget presentation: APC hails NASS, congratulates Buhari

2020 budget presentation: APC hails NASS, congratulates Buhari

- The leadership and members of NASS have been commended by the APC for charting a positive course for the relationship between the executive and legislature

- The party also congratulated President Buhari for achieving an early submission of the 2020 budget

- The APC said the proposed 2020 budget is targeted at consolidating on the gains the current administration has made in various areas

The leadership and members of the National Assembly have been commended by the All Progressives Congress (APC) for charting a positive course for the relationship between the executive and legislature.

In a statement released by its national publicity secretary, Lanre Issa-Onilu, the APC said both arms of government were working together to return Nigeria to the regular January to December budgeting cycle, The Nation reports.

Legit.ng gathers that the ruling party said the mature and patriotic disposition of NASS’s current leadership would translate to good governance and a proper implementation of the Muhammdu Buhari administration’s Next Level plans and policies for Nigerians.

Issa-Onilu congratulated the president for achieving an early submission of the budget.

He said: “Following the presentation of the 2020 Appropriation Bill to a joint session of the National Assembly on Tuesday (October 8) by President Muhammadu Buhari, the All Progressives Congress has welcomed the commitment of both the executive and legislative arms to ensure budget passage is returned to January-December cycle.

“The proposed 2020 budget is targeted at consolidating on the gains the current administration has made in revamping our power, rail and road infrastructure; diversification and retooling the economy; social intervention programmes targeted at the poor; fight against emerging crimes, insurgency and rehabilitation, rebuilding of the north-east particularly through the newly-established Northeast Development Commission, among other critical interventions.

“According to the president in his budget speech, tagged “Budget of sustaining growth and job creation”, there is a renewed government’s commitment to plugging revenue leakage with the continued strict implementation of the Treasury Single Account (TSA).”

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Meanwhile, Legit.ng previously reported that President Muhammadu Buhari said the Finance Bill 2019 he forwarded to the National Assembly, when passed into law, will permit government to raise the country’s Value Added Tax (VAT) from 5 to 7.5 percent.

Buhari disclosed this when he presented the 2020 Appropriation Bill to the joint session of the National Assembly in Abuja on Tuesday.

He said the draft Finance Bill proposes an increase of the VAT rate from 5 percent to 7.5 percent; as such, the 2020 Appropriation Bill is based on this new VAT rate.

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Source: Legit

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