Senate Gets Budget Proposals for NNPC, CBN, 36 Agencies from Buhari

THE Senate Tuesday received the 2016 budget proposal for the Nigerian National Petroleum Corporation (NNPC), Central Bank of Nigeria (CBN) and 36 other Agencies from President Muhammadu Buhari for consideration and subsequent passage. Announcing the budget Tuesday at plenary, Senate President Bukola Saraki, who presided over yesterday’s session told the Senators that President Buhari requested that the budget for those agencies be given accelerated approval to allow them expend funds for various project in line with their statutory laws and mandate.

The agencies include, Bureau of Public Enterprises (BPE); National Agencies for Science and Engineering Infrastructure (NASEI); Nigerian Airspace Management Agency (NAMA); Nigerian Shippers Council (NSC); National Maritime Authority (NMA), Raw Materials Research and Development Council (RMRDC), National Sugar Development Council (NSDC), Nigerian Postal Service (NPS), Nigerian Ports Authority (NPA), Federal Airport Authority of Nigeria (FAAN), Securities and Exchange Commission (SEC), Nigerian Tourism Development Corporation (NTDC), National Communications Commission (NCC) National Agency for Food and Drugs Administration and Control (NAFDAC),

Nigerian Customs Service (NCS), National Broadcasting Commission (NBC). Others are National Insurance Commission (NIC), News Agency of Nigeria (NAN), Nigerian Copywrights Commission (NCC), Nigerian Deposit Insurance Corporation (NDIC), Nigerian Civil Aviation Authority (NCAA),Federal Inland Revenue Service (FIRS), Nigerian Immigration Service (NIS), Nigerian Electricity Regulatory Commission (NERC), Radio Nigeria, Federal Housing Authority (FHA), Nigerian Television Authority (NTA), National Automotive Design and Development Council (NADDC), Nigerian Nuclear Regulatory Authority (NNRA), National Business and Technical Examination Board (NABTEB), Federal Mortgage Board, National Environmental Standards and Regulations Enforcement Agency (NESREA), Industrial Training Fund (ITF), Corporate Affairs Commission (CAC), Standards Organisation of Nigeria (SON), Oil and Gas Free Zone Authority (OGZFA)
Buhari’s letter read, ” Futher to the provisions of the Fiscal Responsibility Act, 2007 wish to provides that the budget of agencies listed in the the Act be collated and forwarded to the National Assembly for consideration.

“Please note that in line with the provisions of the Act, budget of the agencies and corporations which have been privatised or otherwise sees to exist are not included therein. “May I please pray the Senate to expeditiously consider and approved the budget of this agencies and coroprations to enable them effectively execute their mandate.”