Skip to main content

2024 Budget: We ‘ll ensure compliance with financial act, speedy budget passage – Reps to Tinubu

2024 Budget: We ‘ll ensure compliance with financial act, speedy budget passage – Reps to Tinubu


The House of Representatives Committee on Appropriation, has assured president Bola Tinubu

of speedy passage of the 2024 Appropriation Bill when brought before it.

The lawmakers also vowed to exercise their oversight jurisdiction over relevant goverment agencies in its monitoring of the budget implementation.

Chairman of the Committee, Abubakar Bichi, who stated this at the inaugural meeting of the committee on Tuesday, said the lower chamber will ensure the sustenance of the long established precedent of ensuring compliance with the Financial Year Act through budget passage on or before 31 December of each financial year.

According to him ,this development will no doubt makes the budget implementation from January to December operational and achievable.

He vowed that the panel will monitor implementation by all the Ministries,
Departments and Agencies (MDAs), saying the committee work is not just about budget appropriation.

Noting that the Appropriations Committee stands as one of the most prominent Committees that champions the course of law making through appropriations of fund, Bichi observed that the panel will facilitate strategic meeting with Chairmen of Finance, National Planning and Aids, Loans and Debt Management.

He said the move was to gather data that will facilitate effective function of the committee of ensuring inclusive budget preparation, appreciable implementation and effective oversight.

” It is significant to note that the Appropriations Committee stands as one of the most prominent Committees that champions the course of law making through appropriations of funds to run the affairs of government by Ministries,
Departments and Agencies (MDAs) of the Federal Government. This makes the Committee enjoys a wider jurisdiction in comparison with other Standing Committees.

“More significantly, the Committee is empowered by Order 20, Rule 15 of the House of Representatives Standing Orders, 10th Edition, 2020 as Amended to coordinate, monitor, and supervise the implementation of all Appropriation Acts after passage by the National Assembly.

“This power will be effectively utilized to exercise oversight jurisdiction over relevant agencies such as the Federal Ministry of Budget and Economic Planning, Federal Ministry of Finance, Office of the Accountant General of the Federation and National Economic Intelligence Agency among others to monitor the budget implementation.

“In furtherance of this significant duty, the Committee’s leadership will initiate a strategic meeting with Chairmen of Finance, National Planning and Aids, Loans and Debt Management to gather data that will facilitate effective function of this Committee of ensuring inclusive budget preparation, appreciable implementation and effective oversight.

“In addition, the Committee will ensure the sustenance of the long established and cherished precedent of ensuring compliance with the Financial Year Act through budget passage on or before 31 December of each financial year. This development will no doubt
makes the budget implementation from January to December operational and achievable.

Bichi further assured that panel will assure its coordinating leadership role to facilitate pre-budget meetings with relevant MDAs while at the same time, ensure a sustainable collaboration with its sister Committee in the Senate and other relevant stakeholders

“You may agree with me that the mandate of this Committee requires serious commitment, diligence, and political will. I have no doubt that the caliber of members assembled in the Committee will promote its image through effective delivery of its core and ancillary mandates.

“I am glad to inform you that the leadership of the Committee will utilize your experience, hard work and passion for national service to discharge the functions of the Committee by ensuring effective appropriation of funds, monitoring of budget
implementation and evaluating the budget performance towards
efficient service delivery.

“This will no doubt promote the implementation of the Legislative Agenda to reposition the House towards ensuring peace order and good governance of the Federal Republic of Nigeria.

“I therefore, solicit your support, cooperation and patronage to make the Committee lively, productive and visible within the National Assembly and beyond. The Committee’s leadership will regularly consult the Leadership
of the House for necessary legislative guidance while ensuring harmonious working relations with relevant Committees and other stakeholders to ensure speedy passage according to the budget calendar.”

Members of the committee anonymously considered and adopted the committee’s work plan.
Labels:

Comments

Post a Comment

Popular posts from this blog

JUST IN: If Tinubu Had Told Me, I Wouldn’t Have Agreed To Rivers State Of Emergency Rule – Wike

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has stated that he would not have agreed with President Bola Ahmed Tinubu if he had discussed his move to declare a State of Emergency in Rivers State. Wike noted that he is not in conflict with the suspended Rivers State Governor,      Sim Fubara  He stressed his opposition on the State of Emergency rule, stating that only the President knows the right time to lift it. While speaking to journalists in Abuja on Monday, Wike remarked that Fubara has permitted himself to be manipulated by his adversaries to oppose him. The FCT Minister said: “ I made it clear that this impunity will not stand, so what is happening in PDP is what I call undertakers because I see no reason why you will put yourself under that kind of crisis. “I don’t have any crisis with him (Fubara). I’m not the President who declared a State of Emergency; if Mr President had called me, I wouldn’t have agreed to the State of Emergenc...
Post a Comment
Read more

Breaking: ASUU suspends 2-week warning strike

The Academic Staff Union of Universities, ASUU, has suspended its two-week warning strike it declared last week across all public universities in the country. The union announced the suspension on Wednesday at a press conference held at its headquarters in Abuja. President of ASUU, Chris Piwuna, who read a prepared speech before newsmen, explained that the development followed intervention by the Senate and some other well-meaning Nigerians. However, he sad the National Executive Council of the Union resolved to give the government a one-month window to address all contending areas.
2 comments
Read more

Woman Burned to Death, Accused of Kidnapping 7yrs Old Boy in Delta

By Tessy ogbemi An angry mob set ablaze a woman accused in a failed child kidnapping attempt in Agbarho community, Ughelli North Local Government Area of Delta State.  The incident happened on Wednesday, September 24, 2025.  An eyewitness disclosed at the scene of the incident at Ekwvere Road claimed that the woman hid the seven year old boy she allegedly abducted in a sack, adding that she was even carrying a Bible on one hand.  Community sources said some residents in the area accosted the lady when they observed the way she was dragging the sack, to know what she had in it.  "She was unstable when they asked her to disclose what she was carrying in the sack. When the bag was forced open, they found a seven year old child in it. They shouted and it attracted a large crowd,” a source said.  It was gathered that the angry mob immediately brought a used tyre to the scene, which they forced down her neck after beating her to a pulp.  “The lady and the tyre we...
2 comments
Read more