Buhari Sends CBN, NNPC, Others’ Budget To NASS | Independent Newspapers Limited
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Buhari Sends CBN, NNPC, Others’ Budget To NASS

Niger Delta, Buhari, Defence, Osun
Posted: Jul 13, 2016 at 6:32 am   /   by   /   comments (0)
Ahmed Musa
Abuja – President Muhammadu Buhari on Tuesday brought to an end what many have described as “entrenched tradition of impunity” practised by some powerful agencies in Nigeria ?as he forwarded the budget proposals of the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC) as well as the Nigerian Ports Authority to the National Assembly for consideration.
In the letter addressed to Hon. Yakubu Dogara, the Speaker of the House of Representatives, the President said that the correspondent was pursuant to the provisions of the Fiscal Responsibility Act of 2007, which provides that the budget of the agencies listed in the Act be collated and forwarded to the National Assembly for consideration.
He said, “I forward herewith the 2016 budget proposals of the underlisted for your consideration and passage”.
It would be recalled that non-compliance with the Fiscal Responsibility Act with regard to presentation of budget estimates by agencies such as the CBN, the NNPC, the NPA, among others, dubbed as “powerful” to the National Assembly has been a contentious issue between the legislature and the executive arm for more than a decade.
Some of these agencies had in the past been accused of spending whatever they generate as revenue without recourse to the appropriation powers of the National Assembly.
The agencies according to the letter are Bureau of Public Enterprises, National Agency for Science and Engineering Infrastructure?, Nigerian Shippers Council, National Maritime Authority, Raw Material Research and Development Council, National Airspace Management Agency, National Sugar Development Council, Nigerian Postal Service as well Nigerian Ports Authority.
Others include Federal Airport Authority of Nigeria, Securities and Exchange Commission, Nigerian Tourism Development Corporation, National Communications Commission, National Agency for Food, Drug Administration and Control, Nigerian Customs Service, National Broadcasting Commission, National Insurance Commission, Nigerian Television Authority, Federal Radio Corporation of Nigeria, News Agency of Nigeria, Nigerian Copyright Commission and the Nigerian Deposit Insurance Corporation.
Also on the list are Federal Inland Revenue Service, Nigerian Civil Aviation Authority, Nigerian Immigration Service, Nigerian Electricity Regulatory Commission,? Federal Housing Authority, National Automotive Design and Development Council, Nigerian Nuclear Regulatory Authority, National Bisuness and Technical Examination Board, Federal Mortgage Bank, National Environmental Standard and Regulations Enforcement Agency, Industrial Training Fund, Standard Organisation of Nigeria, Corporate Affairs Commission and Oil and Gas Free Zones Authority.
President Buhari noted that “in line with the provisions of the Act, budget of agencies and corporations which have been privatised or otherwise ceased to exist” were not included in the proposal letter.
While the President did not include details containing breakdown of the budget of each agency in the letter, he, however, urged the House to expedite action on the consideration of the proposal and approve the budgets of the agencies and corporations to enable them effectively execute their mandates.