I. Introduction: A Swift Response to the Proposed Budget
The House of Representatives Committee on Appropriation in Nigeria has declared its commitment to swiftly pass the proposed Budget for the year 2024 when it’s presented.
The President Bola Tinubu-led Federal Government recently unveiled a proposed budget of N26 trillion to be submitted to the National Assembly before December 31, 2023.
II. Preemptive Action: Not Waiting for the Proposed Budget
While awaiting the presentation of the 2024 Budget, the Green Chamber has made it clear that they won’t delay its passage.
The lawmakers have also pledged to exercise their oversight jurisdiction over relevant government agencies to monitor the budget’s implementation.
III. Ensuring Compliance with the Financial Year Act
Chairman of the Committee, Abubakar Bichi, emphasized the importance of maintaining the precedent of ensuring compliance with the Financial Year Act.
This involves passing the budget on or before December 31 of each financial year.
Swift passage will make budget implementation from January to December operational and achievable.
IV. Oversight and Collaboration
The Appropriations Committee stands as one of the most prominent Committees involved in appropriations of government funds, giving it a wide jurisdiction.
It will work closely with other relevant committees and stakeholders to ensure efficient service delivery and the promotion of good governance in Nigeria.
V. Commitment to Legislative Agenda
Bichi stressed the commitment, diligence, and political will required to fulfill the committee’s mandate. He solicited support, cooperation, and patronage to make the Committee lively, productive, and visible within the National Assembly and beyond.
VI. Conclusion: A Pledge for Timely Budget Passage
The House of Representatives Committee on Appropriation is dedicated to its role in the legislative process and ensuring that Nigeria’s budget is approved promptly.
This commitment aligns with the nation’s aim to maintain efficient governance and uphold the Financial Year Act.Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn