Breaking: NASS extends implementation period for 2022 budget

As requested for, by President Muhammadu Buhari, the National Assembly Wednesday extended implementation period for the N18.12trillion 2022 budget to March 31, 2023.

The budget in line with provisions of clause 12 of the Appropriation Act and section 318 of the 1999 constitution which stipulate 12 calendar months for implementation of budget in any fiscal year , supposed to have ended on December 31, 2022, having started on January 1, 2022.

But President Muhammadu Buhari in a letter read in plenary, Wednesday, sought for amendment on the Act for extension of the implementation period.

President Buhari in the letter read by President of the Senate, Ahmad Lawan, said: “I write to request your consideration for an amendment into the 2022 Acts expression clause 12, as passed and assented to.

“The 2022 Appropriation Acts states, in line with the provisions of section 318 of the constitution of the Federal Republic of Nigeria, this Bill expires after 12 months starting from January, 1 to the December, 31, 2022, one assented to.

“The proposed 2022 appropriation supplementary budget submitted to National Assembly for consideration as well as recent 2022 capital releases to MDAs are likely to be utilized before December, 31st, 2022 due to the late release of the funds which will lapse if the capital implementation is not extended beyond December, 2022.

“In the light of the above, the National Assembly is requested to amend the 2022 Acts expression clause to reflect March 31, 2023 for the capital components only”.

The Senate accordingly gave the request expeditious consideration and passage by making it pass the required legislative processes within 30 mins.

President of the Senate in his remarks, said extension given implementation period of the 2022 budget to March 31, 2023 , will provide the required time for implementation of the N819.5billion 2022 supplementary budget raised by the President.

But Senator Muhammad Ali Ndume ( APC Borno South ) , during brief debate on the request , called for caution in view of shortness of available time .

“Mr President, my worry on this extension and supplementary budget is the reality of what we are doing.

“N819.5billion 2022 supplementary budget targeted for implementation during the extended period , should have been merged with the 2023’budget which will also be passed today.

“Is not possible for the N819.5billion supplementary budget implemented within 90 days from now .Let no deceive ourselves but if the Senate wants to go ahead, so be it,” he said.

The Senate however went ahead with passage of extension of implementation period for 2022 budget and approval of the N819.5billion 2022 supplementary budget.

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