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National Assembly changes nation’s 2018 budget cycle to May

The National Assembly has changed its earlier plan of April but has come-up with May 2018 as proposed date to pass the budget.

The new date has equally affected the 2017 budget life cycle, which ought to end by March 31, 2018 has been extended to May 31, 2018.

Lawmakers had confirmed that not only has the much-anticipated resetting of the budget’s life cycle from January to December failed, the 2018 budget may not be passed in the first quarter of the new year.

The Legislators allude to cases of lack of co-ordination in budget planning,stating that the way out remains a pro-active approach towards the nation’s budget planning.

The national Assembly committees on appropiration rising from their public hearing on 2018 budget may have accepted that the life of the budget must be extended to May 31 since it can not be passed by march, 31

According to the Chairman, House of Representatives Committee on Appropriations,  Dawaki Mustapha, the Accountant General of the Federation has already been communicated on the new development.

“We are told that the office of the accountant general is expected to close the account as at March ending. So, we have written a letter yesterday, drawing his attention to the fact that the budget should be extended to May 31.’’

Hon Dawaki asked that contractors should continue with their work as the budget account would not be closed pending the passage of the budget, and assent by the president until May 31, 2018.

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