- The House of Representatives urged President Tinubu to submit the 2025 budget proposal promptly, emphasizing adherence to the Fiscal Responsibility Act
- Representative Clement Jimbo expressed concerns over delays in the Medium-Term Expenditure Framework, stressing its importance for effective budget management and oversight
The House of Representatives has called on President Bola Tinubu to submit the 2025 budget proposal to the National Assembly promptly.
This request was made during Wednesday’s plenary session, following a motion by Clement Jimbo, a representative from Akwa Ibom.
Jimbo stressed the importance of the president adhering to Section 11(1b) of the Fiscal Responsibility Act 2027, which requires the submission of the Medium-Term Expenditure Framework (MTEF) at least four months before the start of the new financial year.
The MTEF is a critical document that outlines projected revenue, spending, and budgetary policies for the next three years and is essential before the budget presentation.
Jimbo voiced concern over the delay in transmitting the MTEF and the 2025 budget, pointing out that the National Assembly has the constitutional duty to oversee the use of public funds.
He emphasized the need to adhere to the budget submission and passage legal timeline.
The motion was unanimously adopted through a voice vote led by House Speaker Tajudeen Abbas. Additionally, the House directed its committees on national planning, economic development, appropriation, and finance to ensure compliance within two weeks.
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