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Budget life span extension aims at full implementation — Presidency
The presidency said the decision of the National Assembly to
extend the life span of the capital section of the 2023 Supplementary Budget
was aimed at full implementation of the budget.
The Special Adviser to the President on Information and
Strategy, Bayo Onanuga stated this on Friday.
Recall that Nigerian civic platform, BudgIT, had criticized
the decision of the Senate to extend the life span of the budget, making it the
third national budget running concurrently in the country.
Reacting to BudgIT, Onanuga said the National Assembly had
not erred in its action, pointing out that it was in a bid to ensure the
implementation of projects in the budget.
He noted that the Senate had already explained its reason
“There’s really no issue here. The National Assembly has
“For instance, the Ministry of Agriculture and Food Security
“…have not been given the cash backing to embark of the
“One also knows that a lot of projects, in terms of capital Click to signup for FREE news updates, latest information and hottest gists everyday
for its intervention, saying there are projects in the old budgets that have
not been implemented because of funding issues.
already explained its reason for this. There are many projects in the 2023
Budget and the (2023) Supplementary Budget that have not been executed. The
idea is to achieve the implementation of such projects in the previous budgets.
has some allocation in the 2023 Budget and the Supplementary Budget, which, as
we’re talking;
projects, automatically they have to take such projects forward to be
implemented. Apparently they weren’t able to implement because they didn’t have
the funds.
budget, were not done last year so they needed to carry them forward before
they can be done. That’s just basically the idea”, Onanuga said.
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