Economy
Jonathan forwards 2013 budget amendment proposal to NASS
President Goodluck Jonathan has forwarded the 2013 Appropriation Act Amendment Proposal to the National Assembly for approval. Jonathan also forwarded the 2013 Subsidy Reinvestment and Empowerment Programme (SURE-P) budget amendment proposal for consideration and approval of the National Assembly.
This is contained in a letter from the president to the Senate President, Chief David Mark, on Tuesday. The president commended the National Assembly for the quick passage of the 2013 budget. He requested for the review of some clauses in the budget which, according to him, can be detrimental to the work of the executive arm of government.
“This, indeed, demonstrates the enduring partnership between the two arms of government in discharging our shared responsibility for nation-building. The 2013 Appropriation Act includes some clauses which may be injurious to the spirit of separation of powers and which could hamper the work of the executive arm of government.

“I, therefore, request that these should be reviewed,’’ the president said. Clause 6, clause 7 and clause 10 of the 2013 Appropriation Act have been listed for necessary amendment. Clause 6 deals with the need to ensure prompt release of funds to the appropriate agency. Clause 7 compels the accountant-general of the federation to forward to the National Assembly full details of funds released to government agencies immediately such funds are released. Clause 10 centres on the non-inclusion of the budget of the Securities and Exchange Commission in the 2013 Appropriation Act.
-
Oil and Gas1 day agoOil prices fall 2% on hopes for US-Iran conflict easing
-
Stock Market1 day agoNigerian equities market closed on a bullish note, marginal fall in average yield
-
Finance1 day agoCurrency outside Nigerian banking system drops to N4.92trn in June
-
News1 day agoParis Club Refund: ALGON, LGAs urge court to dismiss lawyer’s suit
-
News5 hours agoPwC, EY jointly command an estimated 35.9% of Nigeria’s corporate audit market in 2025`
-
Economy1 day agoS&P Global to buy majority stake in Agusto & Co ratings agency
-
News5 hours agoFlutterwave makes CNBC, Statista’s World’s top fintech companies list
-
Oil and Gas4 hours agoInternal documents show Shell’s role in oil theft, environmental damage across Niger Delta

You must be logged in to post a comment Login