Buhari sends budgets of CBN, NNPC, others to NASS
Buhari
President Muhammadu Buhari on Tuesday
sent the budgets of agencies and corporations under the Fiscal
Responsibility Act 2007 to the National Assembly.
In a letter dated June 30, 2016 and addressed to the Speaker of the
House of Representatives, Hon. Yakubu Dogara, the President said he was
submitting the budget of 38 agencies and corporations in line with
extant laws.
Buhari said: “Further to the provisions of the Fiscal Responsibility
Act, 2007 which provides that the budgets of the agencies listed in the
Act be collated and forwarded to the National Assembly for
consideration, I forward herewith the 2016 budget proposals of the
underlisted agencies for your consideration and passage.”
The President while praying for an expeditious approval of the
budgets of the agencies and corporations said that in line with the
provisions of the Act, “budget of the agencies and corporations which
have been privatized or otherwise ceased to exist are not included
herein.”
The submitted budgets include that of Central Bank of Nigeria (CBN),
Federal Inland Revenue Service (FIRS), Nigerian National Petroleum
Corporation (NNPC), Nigerian Ports Authority (NPA), Securities and
Exchange Commission (SEC) and National Agency for Food and Drug
Administration and Control (NAFDAC).
Others are – Bureau of Public Enterprises (BPE), National Maritime
Authority (NMA), Federal Airport Authority of Nigeria (FAAN), Nigerian
Communications Commission (NCC), Nigerians Deposit Insurance Corporation
(NDIC), Nigerians Immigration Service (NIS), Federal Housing Authority
(FHA), Federal Mortgage Bank (FMB) and Corporate Affairs Commission
(CAC), amongst others.
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