2023 Budget: NASS Moves To Extend Capital Component Implementation

Date:

By Abdullateef  Bamgbose, Abuja

The 10th National Assembly, NASS, made up of  the Senate and the House of Representatives have slated today for emergency sessions , geared towards extending the implementation period for the capital component of N21.83trillion 2023 budget and those of the N2.17trillion 2023 supplementary budget 

Both Chambers had in December 2023, extended the implementation period of capital component of the budget for the fiscal year from December 31, 2023 to March 31, 2024 along with the N2.17trillion 2023 Supplementary budget , they passed in November, 2023 .

On the strength of requests made by President Bola Tinubu to both Chambers in March this year, the Senate and the House of Representatives , further extended the implementation period for the budgetary appropriations from March 31, 2024 to June 30, 2024 on March 19 and 20 this year respectively .

With four days to June 30, 2024, fixed as the end of implementation period for the affected 2023 budgetary appropriations , the two chambers have fixed today this week for separate sessions, where further extensions would be made ahead of their earlier resumption date , fixed for July 2, 2024.

Confirming the emergency session through a telephone conversation  with journalists yesterday, the Chairman, Senate Committee on Media and Public Affairs , Senator Yemi Adaramodu ( APC Ekiti South), said the session would be majorly on budgetary appropriation .

When specifically asked whether extension of implementation period for capital component of 2023 budget was in the offing , he responded by saying  varied issues requiring urgent legislative attention, would be deliberated upon  .

” The Senate shall be dwelling on wide range of  issues at its plenary on today , particularly those on budgetary appropriations vis – a – vis legislative compliance .

“Bills on  2024 Supplementary Appropriation and New National Minimum Wage are out of it , since they are yet to be forwarded for consideration and passage by President Bola Tinubu “, he said .

He added that the hurriedly convened session for  today , falls in line with 

Senate’a  constitutional power to regulate its sessions which according to him, would make it ,   deal with national and constitutional issues earlier than hitherto scheduled .

Some other Senators contacted , hinted that , requests for further extension of implementation period for the capital component of the N21.83trillion 2023 budget and N2.17trillion supplementary budget for the fiscal year , may have been forwarded by President Tinubu to both chambers of the National Assembly .

AljazirahNigeria reports that the APC-led Federal Government, under the leadership of President Bola Tinubu has majority of seats in the NASS , coupled with President Tinubu’s firm grip and robust relationship with the 10th NASS, which shows that the ruling party and Mr President are in total control of the NASS and he would definitely have his way whenever he seeks for approval of certain requests in the interest of the nation. 

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