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NASS Suggests New Budget Frameworks …As Senate Calls For State Of Emergency On Jobs
The National Assembly has identified 15 key reform strategies, including the adoption of a budget calendar which will begin with the submission of the Medium Term Expenditure Framework (MTEF) by the second week in July and end with the President signing the Appropriation Bill into law by the third week of December every year.
According to a statement from the Media Office of the Senate President, the strategies which also include provision of laws on development plans by the Federal Government are aimed at easy and timely preparation of the budget and its efficient implementation.
The measures contained in a report submitted to the Senate President, Dr. Abubakar Bukola Saraki, by the Senator Ali Ndume-led technical committee on reforming the budget process in Nigeria, proposed a budget calendar that will ensure that the President assents to the appropriations law by the third week of December while the MTEF is submitted in the second week of July as the first step in the budget process.
The report to be discussed at plenary by the Senate, also include amendments of the relevant sections of the Constitution and extant laws as well as enactment of new laws to improve the country’s budgetary process and align it with international best practices.
Other key recommendations in the report include the proposed provision of a legal backing for national development plans, and enactment of organic budget law to fix a realistic budget calendar.
According to the report, the broad strategies aimed at improving the budget process “revolve around reforming laws and frameworks for budget formulation, enactment, and implementation, aligning the budget process to international best practices, strengthening capacities, and institutions for budget formulation and implementation, and strengthening the revenue base for budget implementation.”
Some of the key reform strategies for budget preparation include, the alteration of Section 81(1) of the 1999 Constitution and amendment of Sections 11 and 14 of the Fiscal Responsibility Act (FRA) to provide for a fixed and realistic budget calendar by which the President will present the budget to the National Assembly by the first week of September, considered and passed by 30th November and assented to by the President by the second week of December.
Others include the provision of legal backing for development plans to serve as basis for the annual budget and ensure continuity of development plans. In this regard, complete the legislative actions initiated for the enactment of laws: “Development Planning Act” and “Project Implementation and Continuity Act”, pending in NASS.
It also plans to amend Sections 13-18 of the Fiscal Responsibility Act to link MTEF with a development plan to trigger a long term (10-15 years) development plan to be implemented with three-year MTEF and Medium-term Sector Strategy (MTSS), and ensure the National Assembly buy-in with a resolution to ensure that the annual budget is linked to it.
The rest are to amend the FRA to enlarge the list of stakeholders to be consulted during the budget preparation process, and ensure pre-budget consultation between the legislature and the executive as well as between the executive and the public, while budget defense by the MDAs before the committees, should be witnessed by relevant stakeholders.
They also plan to enact an organic budget law that puts together all laws relating to the budget, including a fixed and realistic budget calendar and a pre-budget statement; alter Section 162 of the Constitution; recognize saving by the three tiers of government through the Federation Account and provide legal backing for excess revenue savings to enable the country save revenue windfalls and stabilize government expenditure during fiscal crisis.
Other issues include the development of a budget manual which shall embody the procedure for public participation in the budget process and public access to budget information during the budget preparation process; amendment of Section 19 of FRA to include project documents in the list of budget documentation; amend Part III of the FRA to provide for reporting standards and information sharing arrangements; and the provision of effective timelines for monthly and quarterly financial and non-financial reports, which must be uploaded on a dedicated website.
It is also to develop and publish criteria or methodology for determining the aggregate expenditure estimate and its allocation to sectors and line items, and expand the information content of the Budget Call Circular to include the modalities for public participation in the budget preparation process; while further developing the capacity of MDAs and other relevant stakeholders to effectively apply the zero-based budgeting technique or any other performance-based technique that may be adopted.
The committee also urged the National Assembly to strengthen the capacity of its committees in the area of budget scrutiny and appraisal by helping members and the staff to undergo training and enlightenment programme on the economy and budget appraisal.
Meanwhile, the Senate, yesterday, ýasked the Federal Government to declare a state of emergency on employment to enable government address the challenges facing youth unemployment in the country.
Sponsor of the motion, Senator Duro Faseyi, representing Ekiti North Senatorial District maintained that the number of unemployed Nigerians rose from 24.4million in the first quarter to 26.06million, ýsaying the situation had worsened as some companies have closed shops due to recession.
“We are worried that the economic recession which has hit the country would multiply the level of unemployment in the country as more companies have started downsizing in order to cut costs”, Faseyi noted.
In his contribution, Senator Enyinnaya Abaribe, maintained that government cannot create job opportunities for everybody, while suggesting that government should create policies that empowers private sectors.
“Mr. President, distinguished colleagues, no government provides jobs for all citizens anywhere in the world, but what we should do is empower the private sector”, he said
Senate Rose Oko asked government to look towards agriculture which has capacity to absorb sizeable number of citizens which at the same provides availability of food at the same time.
In his prayers, Deputy Senate President, Ike Ekweremadu, asked the minister of labour and productivity, to provide blue print for employment as well as ensure the enlistment of Nigerians in security outfits.
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
Rivers State Governor, Sir Siminalayi Fubara, has declared that his administration will ensure the delivery of developmental projects and the prevalence of peace in all parts of Rivers State.
The Governor emphasized that the achievement of these lofty ideals can only occur through the unwavering contributions of all Rivers stakeholders.
Speaking during the commissioning of the 10.7-kilometre Egbeda–Omerelu Road constructed by his administration, the governor said Rivers State can only move forward when its people choose unity over division.
He assured Rivers people that development projects would reach every part of the State but cautioned that progress cannot thrive where conflict persists.
Reflecting on the project, Governor Fubara recalled that the road was a promise he made during the inauguration of the first phase about a year ago.
“We made a promise that we were going to do this project, and today I am happy that the government has fulfilled that promise made to Emohua people, Egbeda community and Omerelu people,” he said.
He noted that the essence of governance is service to the people, adding that responding to their needs is a core responsibility of any administration.
“We decided to do this because you know where we are coming from, and if we don’t tell our story, many won’t know what we are doing. Even in the face of tribulations, we have remained focused on delivering the dividends of democracy. We will continue to serve our people with respect and honour,” he affirmed.
Governor Fubara also reiterated his support for President Bola Ahmed Tinubu, pledging to back all groups working towards securing the President’s victory in 2027.
Giving technical details of the project, the Permanent Secretary of the Ministry of Works, Dr. Austin Ezekiel-Hart, explained that the contract was awarded on October 27, 2024, to Messrs Johnson Roadworks Limited.
He said the road links communities in Emohua and Ikwerre LGAs and shortens travel time for motorists commuting from Ahoada East, Ahoada West and Omoku through Egbeda to Owerri in Imo State.
He added that the infrastructure features a 12-metre clearing width and an 8-metre asphalt surface, comprising a 50mm binder course and a 40mm wearing course. It is complemented by 24 kilometres of drainage channels with a 1.05m² cross-sectional capacity to ensure durability and efficient water flow.
In his remarks, the Chairman of Emohua Local Government Area, Dr. Chidi Lloyd, described the road as a crucial link for surrounding communities, significantly easing movement for residents.
He praised the governor for demonstrating continuity and consolidation and prayed for God’s strength to enable him to achieve even more for the people.
Governor Siminalayi Fubara says Rivers State remains the best investment destination for investors in the oil and gas sector.
Governor Fubara stated that since the economic development of Rivers State is closely connected to the growth of the oil and gas industry, his administration has continued to collaborate with the Federal Government and host communities to protect natural assets in the sector.
The Governor stated this during the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation Oil and Gas Roundtable in Port Harcourt.
Represented by the Secretary to the State Government, Dr. Benibo Anabraba, he pointed out that since the economy of Nigeria relies substantially on the oil and gas sector, his administration will continue to collaborate with relevant stakeholders to ramp up production.
“The Nigerian oil and gas sector is the lifeblood of our nation’s economy, contributing over 90% of Federal Government’s foreign exchange earnings. Similarly, Rivers State, home to numerous national and multinational oil and gas companies, is the centre of Nigeria’s hydrocarbon industry, with the State’s oil and gas resources generating over 40% of the country’s revenue.
“?Considering this, the survival and economic development of Rivers State are closely connected to the growth of the oil and gas industry. That is why, since the beginning of this administration, we have focused on safeguarding the national oil and gas assets in collaboration with the Federal Government, security agencies, communities and other stakeholders, and we will maintain this commitment for as long as it is necessary.
“Furthermore, we have established and maintained a conducive, peaceful, and secure environment for companies to open and flourish in the State as part of a strategic plan to stimulate our economy, generate jobs, and enhance the well-being of our citizens.
“We therefore recognise and applaud the vital role that indigenous companies are currently playing in bridging gaps and advancing the development of Nigeria’s oil and gas industry,” he stressed.?
Governor Fubara affirmed that Nigerian-funded companies can only succeed and make meaningful contributions to the nation’s economic prosperity when challenges that limit the nation are effectively tackled, and expressed his administration’s stand to support indigenous organisations such as the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation.
Declaring the roundtable open, the Governor assured the Nigerian-Owned companies in the oil and gas sector, that “we are ready and willing to respond positively to any administrative, policy, or legislative recommendations within our jurisdiction as a subnational State.”
The Founder of the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation, Mr Emeka ugwu-Ozu, disclosed that the summit, held only in an oil and gas producing place, is a forum for all in the industry to brainstorm and suggest best practices for local players.
“This roundtable discussion takes place in only oil and gas producing states, and it is intentional. And that is to make sure that sooner, it becomes like what we say is the equivalent of Houston in the United States of America.
“I would say that from what I have seen so far, Rivers State is back and open, safe and good for business. The oil and gas players should come and see what we have seen,” he said.
