The ritual of annual budget presentation which is performed by the President enables the Parliament appropriate and approve allocations to the sectors of the economy as envisaged by the executive.
The development, however, followed the resolution of the upper and lower legislative Chambers under its statutory powers to revert the nation’s financial regime to start running from January to December. Meanwhile, what was not clear, but very important before a budget is prepared was the level of implementation of the N8.9 trillion annual budget which was passed into law by the 8th Senate in May, 2019. Today’s presentation of the 2020 budget by President Muhammadu is coming four months into the implementation of the 2019 budget.
“As a matter of statutory responsibility, legislators play oversight role on the agencies of government which are a subdivision of the executive and what can they tell Nigerians? What is the percentage of implementation of 2019 budget before facing the 2020 budget Appropriation today? ”
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