All is set for President Muhammadu Buhari to present the year 2020 appropriation bill to a joint session of the National Assembly.

This will be the first time the new leaders of the two chambers of the National Assembly, Ahmed Lawan and Femi Gbajabiamila, will host the president in the parliament.

Messrs Lawan and Gbajabiamila were, in June, elected Senate President and Speaker of the House of Representatives respectively.

According to finance minister Zainab Ahmed, the federal government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget.

The amount represents an increase of 9.75 per cent over N8.916 trillion budgeted for 2019.

Unlike the previous year where the president was interrupted intermittently by lawmakers with jeers and cheers, he will most likely have a warm reception by the lawmakers....

Follow THIS TREND for live updates on happenings at the National Assembly during the budget presentation.

COURTESY: UGOBESTIKY - https://ugobestiky.com/buhari-submits-nigeria-2020-budget-to-joint-national-assembly/



To make good their commitment, the Nigeria Senate on Thursday last week passed into law the Medium Term Expenditure Framework (MTEF) for 2020 – 2023 to the tune of N10.727 trillion passed into law. Constitutionally, the MTEF is the basis with which annual budget is prepared by the Executive. It, therefore, means that today’s presentation of 2020 budget is in consonance with the laid down procedures of how the nation’s financial structure is laid.

Meanwhile, what was not clear, but very important before a budget is prepared was the level of implementation of the N8.9 trillion annual budget which was passed into law by the 8th Senate in May, 2019. Today’s presentation of the 2020 budget by President Muhammadu is coming four months into the implementation of the 2019 budget. As laudable as it may be, the level of implementation of the previous year which is sacrosanct continues to agitate the minds of some political analysts as well as financial experts.

An Abuja based financial consultant, Dr. Josiah Idakwoji, speaking on Tuesday expressed serious concern that, “There was no significant implementation of the 2019 budget despite its four months lifespan.” According to him, Parliamentarians ought to have insisted on the significant implementation of the budget through their oversight functions.

“As a matter of statutory responsibility, legislators play oversight role on the agencies of government which are a subdivision of the executive and what can they tell Nigerians? What is the percentage of implementation of 2019 budget before facing the 2020 budget Appropriation today? ”

Similarly, a PDP Senator who spoke on condition of anonymity before he entered the chambers said:

“I know we are operating a cooperative agenda with the executive. Be that as it may, I am optimistic, they would be a closedoor session before President Buhari’s arrival in which salient points like what you are saying will be discussed. That’s all I can say.”

Moreso, how the heads of agencies of government would avail themselves to defend their MDAs and parastatals’ budget in marathon approach remains to be seen in view of the usual busy schedule of overseas travels.


1:10 p.m. – Guests are arriving the National Assembly complex. Notable amongst them is the Governor of Katsina State, Aminu Masari.

Some other ministers are trooping in one after the other. The Senators had gone into an executive session for about an hour.

1:10 p.m. – Senators are now arriving the House of Representatives chamber, venue of the budget presentation.

They are being led by the Senate President, Ahmed Lawan.

1:34 p.m.
Senate adjourns plenary to join members of the House of Representatives for the budget presentation.


1:48 p.m. – More dignitaries are trooping into the House of Representatives chamber. Notable amongst them are ministers and Adams Oshiomhole, national chairman of the All Progressives Congress.

It is worthy to note that security is relaxed within the complex, compared to previous years where journalists and National Assembly staff are subjected to rigorous security checks.

President Muhammadu Buhari arrives the chamber at exactly 2 p.m.

The guards’ brigade is now rendering the national anthem.

An opening prayer is underway.

All MDAs must defend their budget estimates before relevant NASS committees in October, Senate President Ahmed Lawan says.

Additional revenues will be used to fund health, education and infrastructure, the president says.


https://ugobestiky.com/buhari-submits-nigeria-2020-budget-to-joint-national-assembly/

The event will take place at the House of Representatives Chamber which has the capacity to accommodate members of the two chambers and the president’s entourage.

Presentation of budget is not the issue, but total implementation.
Most of the bad roads are in the budget but believe me only little will be done

To make good their commitment, the Nigeria Senate on Thursday last week passed into law the Medium Term Expenditure Framework (MTEF) for 2020 – 2023 to the tune of N10.727 trillion passed into law. Constitutionally, the MTEF is the basis with which annual budget is prepared by the Executive. It, therefore, means that today’s presentation of 2020 budget is in consonance with the laid down procedures of how the nation’s financial structure is laid.

Meanwhile, what was not clear, but very important before a budget is prepared was the level of implementation of the N8.9 trillion annual budget which was passed into law by the 8th Senate in May, 2019. Today’s presentation of the 2020 budget by President Muhammadu is coming four months into the implementation of the 2019 budget. As laudable as it may be, the level of implementation of the previous year which is sacrosanct continues to agitate the minds of some political analysts as well as financial experts.

An Abuja based financial consultant, Dr. Josiah Idakwoji, speaking on Tuesday expressed serious concern that, “There was no significant implementation of the 2019 budget despite its four months lifespan.” According to him, Parliamentarians ought to have insisted on the significant implementation of the budget through their oversight functions.

“As a matter of statutory responsibility, legislators play oversight role on the agencies of government which are a subdivision of the executive and what can they tell Nigerians? What is the percentage of implementation of 2019 budget before facing the 2020 budget Appropriation today? ”

Similarly, a PDP Senator who spoke on condition of anonymity before he entered the chambers said:

“I know we are operating a cooperative agenda with the executive. Be that as it may, I am optimistic, they would be a closedoor session before President Buhari’s arrival in which salient points like what you are saying will be discussed. That’s all I can say.”

Moreso, how the heads of agencies of government would avail themselves to defend their MDAs and parastatals’ budget in marathon approach remains to be seen in view of the usual busy schedule of overseas travels.

We are watching. The Pessimists, the Optimists and the Realists. All of us a watching closely.

OK

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