2015 FCT BUDGET: BUHARI SEEKS EXTENSION OF IMPLEMENTATION

 2015 FCT BUDGET: BUHARI SEEKS EXTENSION OF IMPLEMENTATION

President Muhammadu Buhari, has written the Senate asking for permission to extend the implementation of the Federal Capital Territory (FCT) 2015 budget to March 31.

Senate President, Abubakar Bukola Saraki read the Presidential request letter on the floor of the Senate Tuesday.

President Buhari in the letter asked the lawmakers to recall that the FCT Appropriation Bill was accented to on the 21 of May 2015 by former President Goodluck Jonathan.

He noted that the delay in accenting to the bill affected its implementation in respect of capital projects and other expenditure.

He added, “In this connection, numerous payments for critical and essential projects are outstanding: in view of the foregoing, the senate is invited to note the delay allowed the FCTA only seven months in 2015 for implementation.

“In order to meet its obligation and as permissible by the constitution, the FCT appropriation need to be extended to March 31, 2016 as that would enable the FCTA make payments for various critical and essential ongoing projects.”

The joint Senate committee on Finance, Banking and other Financial Institutions submitted its report on alleged abuse of the Treasury Single Account (TSA).

No date has been scheduled for the debate of the controversial report.

The Senate Committee on Ethics, Privileges and Public Petitions also submitted its report on the petition against Total Exploration Nigeria Limited by some staff who were allegedly disengaged unlawfully.

 

LTV

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