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Senate Declares Readiness For 2017 Budget

Posted: Sep 29, 2016 at 5:52 pm   /   by   /   comments (4)

Temidayo Akinsuyi

Lagos – The senator representing Lagos East senatorial district, Senator Olugbenga Ashafa, on Thursday asked the  Executive arm of government to send the budget estimates of year 2017 to the  National  Assembly saying the Senate is ready to receive the budget.

He made this call at the fourth day of the Made in Nigeria Summit which took place at the Eko Atlantic City with the theme “Pathways to building the main economy: Legislative agenda for the main economy.”

Ashafa, who is the Chairman Senate Committee on Land Transport also  highlighted some of the efforts of the National Assembly to assist the economy and also encourage more local content in the Nigerian economy.

He also seized the opportunity to join his voice to the call by the Senate President on the executive to transmit the 2017 budget estimates to the National Assembly in good time.

While analysing the contribution of the Senate towards encouraging local participation in the economy, the senator stated ”The fundamental role of the National Assembly in the area of the economy remains providing the requisite legislative support for both the executive and indeed the Nigerian populace to thrive in their areas of business.”

“The 8th Session of the National Assembly is very well aware of the task ahead of it in this period of economic challenge and we are alive to this responsibility. I will give you some instances: one is the amendment of The Public Procurement Act which has effectively reduced the time it takes government to process the award of contracts. Also, that law is to make it compulsory for government to patronize locally produced goods.

The Senator also spoke about the passage of the Nigerian Railway bill 2016 which was spearheaded by his committee  and expressed his optimism on how the new law will help open up the Rail sector to private sector participation.”

In concluding, the Senator stated that the National Assembly is ready to receive the 2017 budget, calling on the Executive to send the budget estimates for the year 2017 to the National Assembly in good time to afford the National Assembly the opportunity of carrying out a thorough examination and timely passage of the document. “I agree that the National Assembly can do more to encourage local content in the economy, however I think it is important to state that since it takes the National Assembly averagely about Four months to scrutinize the budget, we in the National Assembly are ready to start work on the 2017 budget. If we receive the budget estimates early, it gives us the opportunity of carrying out a thorough examination and timely passage of the document.”

Comments (4)

  • Sep 30, 2016 at 2:12 am Yinka Oyediran

    Federal Government FG and its agencies – Ministries, Departments & Agencies MDAs as well as the Armed Forces AF of Army, Navy, Air Force and Police – together owe the Electric Power Sector EPS some N86Billion, as recently reported, and if not soon paid off, the lights nationwide may well go out in the nearest future. I therefore hope that the2017 Budget being prepared by FG has taken cognisance of this and has provided adequate budget for each MDA, AF and all the other organs of government, to cover its recurrent electricity costs as well as their outstanding debts. It would appear that previous administrations had not made provision for paying for the electricity that they use – or how else were they able to amass such a huge debt burden?

  • Sep 29, 2016 at 9:38 pm Charles Urhoboghara

    What does the Senate need to study in a national budget for four months. At this present age? While they are boasting of fast tracking the public procurement process to enable quick and speedy award of contracts by Government and still talking of studying a budget for four months. This is a shameless attitude to legislative duty in the face of the current economic situation in the country, I would dare say.

  • Onyema Chidiebere Decency Samuel Sep 29, 2016 at 6:45 pm Onyema Chidiebere Decency Samuel

    Are u true with 2016

  • Sthnley Afam Sep 29, 2016 at 6:22 pm Sthnley Afam

    Animal kingdom

Comments are closed.