NLNG Corporate Caring banner FirstGem 3rd anniversay lecture Fidelity bank card banner Emerald Energy Institute Camano banner

Budget impasse: Government may shut down in June

By News Express on 18/04/2016

Gmail icon

Views: 2,393


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

 

 

CLASSIFIED ADS

 

You may also like...
Robbers invade IBB varsity, terrorise students

Nigerian-born ex-world heavyweight boxing champion jailed over cocaine...

‘The commissioner lied’: Obi’s aide faults Anambra Sports...

Facebook 'knowingly' violated data privacy laws — British...

Emir hands over 3 Boko Haram suspects to...

Jonathan orders closure of all borders until after...

Killings: Act now, South-West students tell governors, Aare...

South East activists declare Okorocha, Obiano failed governors...

Sanders launches 2020 presidential bid, vows to unleash...

In sign of major crack within ruling party,...

Police aborts meeting of Niger Delta leaders •Clark,...

Gunmen storm lawmaker’s residence

 

Latest News 10 shot at California party; 4 dead, 6 injured BREAKING: INEC declares APC’s David Lyon winner of Bayelsa Governorship Election Dino Melaye, Smart Adeyemi to fight again, as Kogi West Senatorial Rerun is declared inconclusive Lion discovered at residential building in Lagos Bayelsa Guber: PDP’s Diri accuses Army of conniving with APC to rig poll Lagos seals mosques, churches over noise pollution Kogi Guber: PDP asks INEC to cancel over 100,000 votes ‘awarded’ to Yahaya Bello Diesel truck cashes into lorry conveying goods in Anambra Soldiers arrest Ogbia LG Chairman, lawmaker YIAGA Africa calls on INEC to conduct fresh governorship, senatorial elections in Kogi Kogi West election rerun: Melaye rejects results, describes poll as ‘helicopter election’ Bayelsa Guber: Democracy Watch Nigeria calls for cancellation of election results

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (563,364 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (452,581 views) Shameless Genevieve Nnaji exposes breasts in public (401,769 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (336,215 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,890 views) 10 cars more expensive than Jets (281,749 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,963 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,204 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,735 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (225,120 views) Lagos plane crash: Journalist releases victims’ names (201,595 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,231 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (109) Business & Economy (4,575) Business Verdict (86) Columnists (1,144) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (704) Features (845) Global Business Monitor (493) ICT Monitor (67) International (4,216) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (486) News (54,065) Opinion (1,420) Pidgin (17) Politics (11,763) Religion (1,121) Sports (2,227) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera