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APC Confident Of Early Passage Of 2020 Budget

Posted by Amarachi on Wed 09th Oct, 2019 - tori.ng

The Ruling Party APC says it is confident of early passage of the 2020 budget which was presented to the National Assembly yesterday.

APC logo
APC logo
 
 
Following the presentation of the 2020 Appropriation Bill to a joint session of the National Assembly on Tuesday by President Muhammadu Buhari, the All Progressives Congress (APC) has welcomed the commitment of both the executive and legislative arms to ensure budget passage is returned to January-December cycle.

The party, via a statement it issued on Tuesday, said it appreciated the early presentation by the President, leaving the lawmakers near three months to consider and pass the budget.

The ruling party’s statement is reproduced below:

The Party, therefore, congratulates the President and all APC members on the early presentation of the proposed 2020 Budget of a record N10.33 trillion naira which surpasses the N8.916 trillion budgeted for 2019.

The proposed 2020 budget is targeted at consolidating on the gains the current administration has made in revamping our power, rail and road infrastructure; diversification and retooling the economy; social intervention programmes targeted at the poor; fight against emerging crimes, insurgency and rehabilitation, rebuilding of the North East particularly through the newly-established North East Development Commission, among other critical interventions.

According to the President in his budget speech, tagged “Budget of sustaining growth and job creation”, there is a renewed government’s commitment to plugging revenue leakage with the continued strict implementation of the Treasury Single Account (TSA).

We congratulate the leaders of the two chambers of the 9th National Assembly, Senate President Ahmed Lawan and Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila for creating a convivial environment for the budget presentation exercise, a welcomed departure from the usual tensed and adversarial atmosphere of the previous four years.

The Party is confident that the patriotic disposition of the leaders and members of the 9th National Assembly would ensure a cordial relationship with the executive arm, which would surely translate to good governance and proper implementation of the administration’s Next Level plans for Nigerians.


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