The Senate has given an ultimatum of one week to all agencies and corporations of the Federal Government that had yet to submit their 2017 budgets for scrutiny and passage to do so.
According to reports, the agencies are those required by the Fiscal Responsibility Act 2007, to submit their budgets to the National Assembly for approval independent of the national budget.
The agencies include Central Bank of Nigeria, Nigeria National Petroleum Corporation and Nigerian Ports Authority.
The directive followed a motion by the Senate Leader, Ahmed Lawan, during plenary yesterday. He said in respect of the Fiscal Responsibility Act 2007, the Senate had yet to officially receive the budgets of the agencies listed in the schedule.
Seconding the motion, the Deputy President of the Senate, Sen. Ike Ekweremadu, urged the agencies to immediately comply with the law by submitting their budgets.
Earlier in his remarks, the President of the Senate, Dr Bukola Saraki said that, in line with the Act, these budget estimates of the agencies should have come along with the budget presentation by President Muhammadu Buhari.
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