News
Budget Management Office bill scales second reading at Reps
By Adeleye Kunle
A Bill for an Act to establish the Office of Budget Management passed second reading at the House of Representatives on Wednesday.
The bill, which seeks a framework for budget process management for the Federal Government, was sponsored by the Speaker, Femi Gbajabiamila and Rep. Henry Nwawuba.
Nwawuba explained that the bill was targeted at ensuring effective regulation of budget preparation, presentation, implementation and auditing.
The office would evaluate the effectiveness of programs, policies, and procedures of ministries, departments and agencies to ensure consistency with governing priorities.
The bill also seeks to improve the budget process by imposing compliance with strict timelines for the process in the National Assembly.
“It should apply concrete indicators to measure the performance of the annual budget to ensure delivery of the expected development outcomes as set out in various development plans.
“It will ensure accuracy and fiscal transparency and approve the withdrawal of statutorily approved funds from the federation accounts for the purpose of implementing the appropriations law of the federal government,” Nwawuba said.
The lawmaker added that it would also ensure quarterly reports of budget performance and implementation to the legislature.
The Speaker, Gbajabiamila directed that the bill be forwarded to the Committee of the Whole for accelerated action
-
Niger Delta5 days ago
IYC: 12 Killed, Over 50 Injured as Violence Erupts Over Eastern Zone Election
-
Politics6 days ago
Breaking: APC candidacy threatened as Abuja Court summons Okpebholo for making false statements on oath
-
National4 days ago
NAFDAC Press Statement Against Christ Mercy Land Deliverance Ministry Incorrect
-
News5 days ago
‘Forgive My Actions’ – Oshiomhole Apologies To Igbinedion
-
Sports6 days ago
UPDATE: World’s Most Monstrous Bodybuilder Dies At 36
-
News6 days ago
Gov. Diri attends burial of Pst. Ngozi Muoka, wife of Lord’s chosen G.O at Mgbidi
-
News4 days ago
Henceforth Any Police Officer Who Involves In Land, Rent And Marital Matters Will Be Sanctioned, Promotion Suspended-PSC
-
News5 days ago
Crisis hits Abiola family over oil asset as other children accuse Kola, Wuraola of fraud