BREAKING: Ag. President Osinbajo receives 2017 Budget

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Yemi Osinbajo

Acting President Yemi Osinbajo has officially received 2017 Appropriation bill and it is currently undergoing very prompt and diligent consideration.

According to the Senior Special Assistant, Media and Publicity to Acting President Yemi Osinbajo, Laolu Akande  who made this known in his tweet, confirmed the readiness of the government to pass the budget.

Meanwhile, the acting president, Yemi Osinbajo, has issued an executive order outlining the timeline and procedure for government offices to submit their yearly budgets, less than two days after the Senate demanded offices comply with the relevant fiscal law within two weeks.

According to the order, all agencies of government, including those not listed in the Fiscal Responsibility Act, are to prepare and submit their budgets for the next three years to the Minister of Finance and the Minister of Budget and National Planning on or before the end of May every year.

Recall that the Nigerian lawmakers issued the ultimatum at the plenary on Wednesday May 17.

The Senate, following a motion by the Deputy Leader, Bala Na’Allah also resolved that the concerned agencies should stop further spending pending compliance.

 

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