Senate gets budget proposals for NNPC, CBN, 36 agencies

Senate gets budget proposals for NNPC, CBN, 36 agencies
July 20 08:37 2016

The Senate has 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 passage.

President Bukola Saraki, told the Senators on Tuesday during plenary  that President Buhari
 requested that the budget for those agencies be given
a ccelerated approval to allow them expend funds for
various project in line with their

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
corporations to enable them effectively execute their