admin@swagenews.com

Facebook Twitter Youtube
Swagenews logo
Home News

Reps demand that the MTEF be submitted on time for the 2025 budget.

Reps demand that the MTEF be submitted on time for the 2025 budget.
Share on FacebookShare on Twitter

By Winifred Momoh

n
Reps demand that the MTEF be submitted on time for the 2025 budget. 1

Reps demand that the MTEF be submitted on time for the 2025 budget.In order to give lawmakers enough time to work on the 2025 Appropriations Bill (when submitted), the House of Representatives urged the Federal Government to urgently transmit the Medium Term Expenditure Framework to the National Assembly on Wednesday. This is due to the lawmakers’ dissatisfaction with the practice of presenting annual budget proposals to the parliament later than expected, which leaves them with little time to complete their work effectively. The lawmakers are drawn from a variety of political parties.The House adopted a motion of urgent public importance, proposed by Mr. Clement Jimbo, the member representing the Abak/Etim Ekpo/Ika Federal Constituency in Akwa Ibom State. In his plea for support, Jimbo cited the Fiscal Responsibility Act of 2007’s Section 11(I) as a requirement for the executive branch to follow. The act guarantees the long-term macroeconomic stability of the country’s economy and allows for the prudent management of the nation’s resources.

According to the legislator, Section 11(1)(b) mandates that “The Federal Government shall cause to be prepared and laid before the National Assembly an MTEF for the next three financial years, not later than four months before the commencement of the next financial year.”. He expressed concern about the provisions of Sections 88 and 89 of the 1999 Constitution, as well as Section 30(1) of FRA 2007, which, subject to other provisions of the 1999 Constitution, provide that “Each House of the National Assembly shall have the power, by passing resolutions, to direct, or cause to be directed, an investigation into any matter or thing to which it has power to make laws, and into the conduct of affairs of any person, authority, ministry of government department charged or intended to be charged with the duty of or responsibility for the execution of administering laws enacted by the National Assembly and for the disbursing or administering monies appropriated or to be appropriated by the National Assembly.”He claims that the non-compliance of the executive branch with section 11(1)(b) of the FRA 2007 is technically taking away the time that the National Assembly needs to carry out its duties as stipulated in section 88(2)(b). “.”The timely late arrival of annual budget proposals is one of the ways Ministries, Departments, and Agencies of Government shortchange Nigerians,” said Billy Osawaru (APC, Edo State), in his contribution. “It should take four months to review budget estimates if that is the case. 

n 1
Reps demand that the MTEF be submitted on time for the 2025 budget. 2

Minority Leader Kingsley Chinda also contributed and endorsed the motion, pointing out that lawmakers would find it challenging to examine the budget estimates in the best interests of Nigerians if they did not reach the parliament on time. “This government takes pride in adhering to the January-December budget cycle,” he stated. It’s a positive step. “We were essentially hurried to finish the estimates in the 2023 budget in order to keep up with the January–December cycle. “This cannot occur once more. The MTEF ought to have arrived by now. Bob Solomon, the representative for Rivers State’s Abua/Ahoada East Federal Constituency, praised the motion’s maker and asked his colleagues to back it.

“We need the time to thoroughly support the budget for 2025. The most significant is the Appropriations Bill. Let’s not consider the appropriation bill going forward if it is sent to us without enough time,” he stated. Speaker Tajudeen Abbas, who chaired the plenary session after the motion was adopted, urged the Federal Government to immediately submit the 2025 Budget proposal to the National Assembly in accordance with section 11(1)(b). It also required the Committees on Finance, Appropriations, and National Planning and Economic Development to guarantee compliance in two weeks.

Previous Post

Court Orders VeryDarkMan to Remove Videos About Femi Falana and Cease Posting

Next Post

Internet users make fun of podcaster Maliya for claiming she can’t get 5,000 or 10,000 dollars from a man and then starting “Onlyfans” a year later.

Related Posts

We have hired 70 Kano lawyers and are working to strengthen the legal field.
News

We have hired 70 Kano lawyers and are working to strengthen the legal field.

December 6, 2024
Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest
News

Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

December 6, 2024
MARRIED AT 102, 100 A TRUE LOVE STORY
News

MARRIED AT 102, 100 A TRUE LOVE STORY

December 5, 2024
Colombian Finance Minister Accused Of Bribery Resigns
News

Colombian Finance Minister Accused Of Bribery Resigns

December 5, 2024
STUDENT GETS REWARDED FOR ACADEMIC EXCELLENCE
News

STUDENT GETS REWARDED FOR ACADEMIC EXCELLENCE

December 5, 2024
News

Pastor Tobi Adegboyega Loses Deportation Appeal Amid £1.87 Million Fraud Allegations

December 4, 2024
Next Post
Internet users make fun of podcaster Maliya for claiming she can’t get 5,000 or 10,000 dollars from a man and then starting “Onlyfans” a year later.

Internet users make fun of podcaster Maliya for claiming she can't get 5,000 or 10,000 dollars from a man and then starting "Onlyfans" a year later.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ultrahuman announces tracker for home health

Ultrahuman announces tracker for home health

January 9, 2024
Bobrisky Brags About Having Painful Period Pain

Bobrisky Brags About Having Painful Period Pain

December 6, 2024
Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

December 6, 2024
We have hired 70 Kano lawyers and are working to strengthen the legal field.

We have hired 70 Kano lawyers and are working to strengthen the legal field.

December 6, 2024
Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

December 6, 2024
Bobrisky Brags About Having Painful Period Pain

Bobrisky Brags About Having Painful Period Pain

December 6, 2024
World Bank To Give $100bn Loan For Poorest Countries

World Bank To Give $100bn Loan For Poorest Countries

December 6, 2024

Recent News

We have hired 70 Kano lawyers and are working to strengthen the legal field.

We have hired 70 Kano lawyers and are working to strengthen the legal field.

December 6, 2024
Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

December 6, 2024
Bobrisky Brags About Having Painful Period Pain

Bobrisky Brags About Having Painful Period Pain

December 6, 2024
World Bank To Give $100bn Loan For Poorest Countries

World Bank To Give $100bn Loan For Poorest Countries

December 6, 2024

SWAGENEWS brings to you undiluted and detailed reports, news and updates that seeks to inform, engage and empower the world. We expose the information that wasn’t known before or current events broadcast over the radio, television, online or in print media. 

Facebook Twitter Youtube

More from Us

  • WORLD NEWS
  • Covid-19
  • HEADLINES
  • AVIATION
  • Columns
Menu
  • WORLD NEWS
  • Covid-19
  • HEADLINES
  • AVIATION
  • Columns

Contact

  • Contact Us
  • Work with Us/ iWitness
Menu
  • Contact Us
  • Work with Us/ iWitness

© 2024 Swage Media, All rights Reserved