Key Issues

Lawmakers begin debate on 2020 budget bill

The Nigerian House of Representatives has begun the debate on the basic principle of the appropriation bill presented to the joint session of the National Assembly on Tuesday.

In leading the debate, the House Leader, Alhassan Ado-Doguwa praised the 2020 budget estimates as one representing the consolidation on the recently gained economic growth and development.

Mr. Ado-Doguwa commended both the Executive and the Legislative Arms of government for being on the same page to returning the Nigerian budget cycle to January-December financial timeline.

The House Leader who called on Members to do all within their power to see that the budget is passed on time.

He urged the committees to ensure they engage the relevant Ministries, Departments and Agencies, MDAs within the stipulated given period so that the aim of the timely passage of the Bill is attained.

Contributing to the debate, the Chief Whip of the House, Mohammed Monguno praised the developmental aspects of the Bill which would stimulate the development of critical sectors.

Munguno argued that sectors such as agriculture is capable of creating mass employment for the populace, and will ensure economic diversification.

He said; Proposed allocation in such sectors like Defence, North East Development and the ease of doing business is commendable and will go a long way in easing the living condition of Nigerians.

More investment

Mr. Onofiok Luke from Akwa Ibom in his contribution called for more investments in industrial and technological development to drive the economic growth and diversification.

Mr. Wale Raji proposed more funding for social intervention funds so that development can get to the grassroots.

Mr. Abdulrazak Namdas from Adamawa State on his part called for the blockage of leakages of both oil and non-oil revenue to ensure the much needed projected revenue can be realised and effectively channeled to where they are needed.

The debate will continue on Thursday.

Source: Voice of Nigeria