House of Representatives Spokesperson Reveals Reasons for Swift Approval of Two Trillion Supplementary Budget

Reasons for Swift Supplementary Budget Approval

Akin Rotimi, the spokesperson for the House of Representatives, recently provided insights into why the National Assembly quickly gave its assent to a two trillion naira supplementary budget.

He shared his explanation during an appearance on Channels TV’s “Politics Today” on Friday, shedding light on the urgency behind this legislative decision.

Addressing the Fuel Subsidy Removal Impact

Rotimi pointed out that the legislators expedited the review process to allow the government to respond promptly to the hardships experienced due to the recent removal of fuel subsidy.

This removal had significant consequences on the lives of Nigerians, and the lawmakers recognized the need for swift action.

Responding to the Economic Impact

With the removal of fuel subsidy, the cost of living has significantly decreased, causing hardship for many Nigerians.

People are facing economic challenges, and the government needs to intervene urgently to improve their lives. In this context, the National Assembly’s quick response to the executive arm’s proposal for the supplementary budget is justified.

Focus on Agriculture and Food Security

One major aspect of the supplementary budget is its emphasis on agriculture and food security. Given the prevalent hunger and suffering in the country, the government’s provisions in these areas were deemed urgent. The National Assembly saw the need to expedite the passage of the supplementary budget to address these pressing concerns.

Analyst Concerns

The speed at which the National Assembly approved the supplementary budget has raised concerns among analysts.

This swift approval contrasts with the previous extensive scrutiny of budget provisions by the legislature. The change in approach has drawn attention and triggered discussions about the reasons behind this shift in the legislative process.

Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Advertisement: Download Vital Signs App (VS App)