Finally, Buhari to present 2017 budget Dec 14

Nigeria’s President, Mohammadu Buhari, will on Wednesday next week, officially present the 2017 federal budget to the National Assembly.

It had been announced earlier on, that the budget would be presented on December 7, 2016.

However, according to a letter to the senate which was read on the floor of the upper legislative chamber by the Senate President, Bukola Saraki, the president would present the document before a joint session of the National Assembly come December 14.

The letter reads: “I crave the indulgence of the National Assembly to grant me the 10.00 hours on Wednesday Dec. 14, to formally address a joint session of the National Assembly on the 2017 budget proposal.’’
The President will also address the joint session on plans to get the country out of recession.

“Please extend, Mr Senate President the assurances of my highest regards to the distinguished senators as I look forward to addressing the joint session.”

Meanwhile, the Senate is yet to approve the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).

The two documents convey the estimates upon which any budget is predicated.

The Senate had spotted ‘loop holes’ in the documents and had asked the executive to fill the missing gaps.

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