Fidelity bank banner Bayelsa State banner
Budget impasse: Government may shut down in June

By News Express on 18/04/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,996


For the first time, governance may shut down unless either President Muhammadu Buhari or the National Assembly blinks early enough over the 2016 budget.

Sources in the polity had noted that this would be the first time such a development would happen, as the Constitution only gives the executive power to spend 50 per cent of the previous year’s budget for six months in the absence of a new budget.

A Presidency source, however, insisted that President Buhari would not assent the budget as passed.

Though the House of Representatives had made its intention known to review the budget if it received complaints from the executive, the Senate said last week, that it was only awaiting a supplementary budget in case the executive had objections to the passed budget.

That could be a source of potential government shutdown, as the government cannot spend any money legally after June.

A source close to the Presidential Villa said: “Buhari will not sign that Appropriation Bill into law and he has already made his intention known to the assemblymen.

“He has been consulting widely with both legal and political associates on how to deal with the situation. A former leader even met with him shortly before he left for China.

“The president has so far relied on the constitutional provision, which allows him to spend up to 50 per cent of the previous year’s budget, but that could snap if the crisis is not resolved by end of June.

“And if the worst should happen and the National Assembly refuses to rework the budget proposal, the government will rather shut down than for him to allow the old forces of retrogression to have their way and humiliate him.”

Sources in the executive said the flagship projects by which Buhari intended to convince Nigerians that his administration meant well, were removed or distorted.

A contentious one remains the new standard gauge rail lines between Lagos and Calabar. It was expunged by the National Assembly on the argument that it was not in the final corrected copy submitted by The Presidency but sent later to the budget committee by Transportation Minister Chibuike Amaechi .

It was learnt that at the emergency Federal Executive Council (FEC) meeting held to review the budget as passed by the National Assembly, there was a consensus to reject the document and return it to the lawmakers.

Sources in the executive also said the decision to resist the legislature on the budget was taken, pursuant to the advice given by the legal minds within the administration who were of the view that the legislature did not have the right to increase budgetary votes.

They also claimed that the legislature could, however, reduce proposals if they believed that there was price inflation or if the projects were frivolous.

A source said: “But how can they inject new projects or raise the figures? Do they have the capacity to commission consultants to design projects? And if projects have not been designed by the executive, how can they vote money for it?

“Actually, President Buhari feels that there are some elements within and outside the National Assembly determined to distort his lofty intentions to emancipate Nigerians.”

•Adapted from a Nigerian Tribune report. Photo shows President Buhari presenting the budget to the National Assembly last December.

Source News Express

Posted 18/04/2016 1:27:42 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Bank of Agriculture fights economic recession with N21.5...

300 houses affected by Kaduna earth tremors, says...

President Duterte vows to resign if anybody can...

Abia Guber Tussle: Federal High Court clears the...

Boko Haram: 240 displaced children die of malnutrition...

Imo residents demand improved governance in 2018

Private jet operated by oil firm skids off...

NAF flags off youth agriculture empowerment scheme in...

Police Inspector remanded in prison custody for killing...

Christian schools threaten to boycott WAEC examinations

Jonathan, Amaechi and the verdict of history

Plateau Gov. pledges support for digitization in broadcasting...

 

Latest News Rivers APC 2019 Guber: A critical examination of forces and factors at play, By Eze Chukwuemeka Eze An Ode to Peter Obi at 57, By Onukwugha Osuji Umeh threatens to expose Okorocha Heads to roll as panel submits report on alleged NSITF N6.2b fraud Archbishop of Canterbury (Buhari’s ally) laments attacks on Nigerian Christians, Anglican Archbishop Amaechi seeks public opinion on performance, speaks of desire to serve Nigerians better Niger Delta leaders reject PIGB, insist on PIB Senate approves Buhari’s N348bn subsidy fund Governors meet over FAAC deadlock, minimum wage Pay us off for new carrier to succeed - Ex-Airways chief FG must domesticate Stockholm Convention, Rome statute on Environment to attract foreign direct investment — Dogara Benue APC publicity secretary quits, accuses party of neglect

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (362,570 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (358,689 views) Shameless Genevieve Nnaji exposes breasts in public (287,088 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,539 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (214,841 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,691 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (186,722 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,658 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,384 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (152,905 views) Lagos plane crash: Journalist releases victims’ names (147,753 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (138,967 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,355) Business Verdict (45) Columnists (888) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (615) Global Business Monitor (285) International (2,141) Interview (157) Live Commentary (28) Love Matters (127) News (37,258) Opinion (1,024) Pidgin (10) Politics (5,609) Religion (785) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

FRANCE vs CROATIA 4-2 Highlights & Goals 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement