2016 Budget to expire May, not March — Senate

Nigerian Senate Chambers
Nigerian Senate Chamber used to illustrate the story.

The Senate Appropriations Committee on Monday said the 2016 budget would run for 12 months and, therefore, expire on May 5 2017.

President Muhammadu Buhari assented to the budget on May 6, 2016, after a long delay amid allegations of budget padding and fraud.

According to the chairman of the Senate committee on appropriations, Danjuma Goje, the law backing the 2016 budget, 2016 Appropriations Act, provides that the budget shall run for 12 months, starting from the date it was promulgated.

“As far as the Bill that was signed into law by Mr. President is concerned, there will be no mop up on 31st March 2017 since the validity period for the 2016 budget ends midnight May 5th, 2017, ” said Mr. Goje.

“If that is done, it will be a violation of the Act. We carefully created the clause that made provision for May 5, 2017. The Act says that the 2016 budget will run for 12 months starting from the date the bill was assented to and it was assented to on May 6th 2016.”

The lawmaker assured that before expiration of the 2016 budget, the National Assembly would have passed the 2017 budget proposal by Mr. Buhari.

“It is necessary for Nigerians to know that there should be no anxiety about mopping up of funds by March 31,” he said. “We do not have to extend the 2016 budget. If May comes and there is need to extend, then we can do otherwise. I believe before that date the 2017 budget must have been passed. We don’t have to do any extension because we have taken care of that. Therefore no anxiety, no mopping up of funds before 12 months period.”

The 2017 budget process is still at committee level, after which the appropriations committees of the House and the Senate will report to their respective Chambers before passage and transmission to the president for assent.

Coronavirus factsheet


PT Mag Campaign AD

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


TEXT AD: To advertise here . Call Willie +2347088095401...

BE THE FIRST TO KNOW! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.