GMD NNPC, Baru
Attempts to remove, by administrative procedures, the autonomy and independence, which the Central Bank of Nigeria (CBN) enjoys by virtue of Section 1(3) of its Act of 2007 may have surfaced, after all.
And this is curious at this time when the economy is facing some stress and global attention.
The other day, the Director General, Budget Office of the Federation, Ben Akabueze, was reported to have stated at a Town Hall held in Abuja with chief executives of government-owned enterprises that, budgets of revenue generating agencies of the federal government would soon be captured in the national budget.
Such agencies he mentioned included the Nigerian National Petroleum Corporation (NNPC), Central Bank of Nigeria (CBN) and Federal Inland Revenue Service (FIRS).
adduced reason for the move according to Mr. Akabueze is the need to stop the current practice of sending separate budgets (of the revenue generating agencies/federal government owned enterprises) to the National Assembly for consideration and approval.
Much as it may be desirable to have a consolidated annual national budget presented to the National Assembly in the form the Budget Office of the Federation and of course, the Federal Ministry of Finance that supervises its operations and planning, it behoves the government to exercise.....

Read more at: http://www.adexupdates.com.ng/2019/01/cbn-nnpc-firs-and-national-budget.html