The Nigerian Senate on Wednesday, May 17, gave the Acting President Yemi Osinbajo a two-week ultimatum to ensure that the budgets of 34 revenue generating agencies are submitted to the national assembly.
Topping the list of Federal Government agencies defaulting in the submission of its budget estimates to the National Assembly include, Central Bank of Nigeria (CBN), Federal Airports Authority of Nigeria (FAAN), Securities and Exchange Commission (SEC), Bureau of Public Enterprises (BPE), the Nigerian National Petroleum Corporation (NNPC), the Nigerian Ports Authority (NPA) and Nigerian Deposit Insurance Corporation (NDIC).
The Red chamber also told the agencies to halt expenditure until the budgets were submitted.
The senate resolution was sequel to a motion sponsored by senate Deputy Majority Leader, Senator Bala Ibn Na’Allah, where he raised a point of order, citing section 21 (1) (2) and (3) of the fiscal responsibility Act, Na’allah said none of the agencies had submitted their budget reports.
“Non-compliance of the provisions of the fiscal responsibility Act constitutes abuse of power and economic sabotage aimed at frustrating the current economic measures been taken by the present administration to address the economic recession,” he said.
“The absence of penalties in the provisions of the fiscal responsibility Act may have emboldened and encouraged the perpetration of this act.
“The fiscal responsibility is failing in its responsibility through complacency in the execution of its mandate.”
Contributing to the debate, Thompson Sekibo, senator representing Rivers east, said the senate should take strict measures to ensure that these agencies submit their budgets at a particular time.
The motion was adopted after it was put to a voice vote by the President of the senate, Dr. Bukola Saraki.
Checkout the full list of the defaulting agencies below:………………
- Bureau of Public Enterprises (BPE)
- National Agency for Science and Engineering Infrastructure (NASEI)
- Nigerian Airspace Management Agency (NAMA)
- Nigerian Shippers’ Council (NSC)
- National Maritime Authority (NMA)
- Raw Materials Research and Development Council (RMRDC)
- National Sugar Development Council (NSDC)
- Nigerian Postal Service (NPS)
- Federal Airport Authority of Nigeria (FAAN)
- Securities and Exchange Commission (SEC)
- Nigerian Tourism Development Corporation (NTDC)
- National Communications Commission (NCC)
- National Agency for Food and Drugs Administration and Control (NAFDAC)
- Nigerian Customs Service (NCS)
- National Broadcasting Commission (NBC)
- National Insurance Commission (NIC)
- News Agency of Nigeria (NAN)
- Nigerian Copyrights Commission (NCC)
- Nigerian Deposit Insurance Corporation (NDIC)
- Nigerian Civil Aviation Authority (NCAA)
- Federal Inland Revenue Service (FIRS)
- Nigerian Immigration Service (NIS)
- Nigerian Electricity Regulatory Commission (NERC)
- Radio Nigeria, Federal Housing Authority (FHA)
- Nigerian Television Authority (NTA)
- National Automotive Design and Development Council (NADDC)
- Nigerian Nuclear Regulatory Authority (NNRA)
- National Business and Technical Examination Board (NABTEB)
- Federal Mortgage Bank
- Industrial Training Fund (ITF)
- Corporate Affairs Commission (CAC)
- Standards Organisation of Nigeria (SON)
- Oil and Gas Free Zone Authority (OGZFA).
- Nigerian Ports Authority (NPA)
- National Environmental Standards and Regulations Enforcement Agency (NESREA)
