December 18, 2024
National Assembly Announces extension Of 2024 budget lifespan to June 30th 2025
The National Assembly has approved an extension of the 2024 Budget’s lifespan to June 2025 to ensure continuity in fiscal operations and allow seamless execution of key government projects.
The President of the Senate, Godswill Akpabio, made the announcement during the joint sitting of the National Assembly for the presentation of the 2025 budget proposal by President Bola Tinubu.
Senator Akpabio, eulogized President Tinubu for his bold economic reforms, which he said were central to advancing Nigeria’s economic and developmental goals.
READ MORE; Full Text: Tinubu Presents 2025 budget
While highlighting the Tax Reform Bill, the Nigerian Revenue Service Establishment Bill 2024, and other critical legislative initiatives, Akpabio, noted that these efforts are essential steps toward the administration’s vision of a prosperous, technologically advanced Nigeria and took a swipe at those criticizing the tax reform.
The Senate President urged Ministries, Departments, and Agencies (MDAs) to prioritize their roles in the budget defence process, emphasizing the need for timely submissions and active participation, warning that the National Assembly would take decisive action against MDAs that fail to appear for budget defence sessions or cause unnecessary delays.
