Senate receives NNPC, CBN, 36 agencies’ budgets proposals

President Muhammadu Buhari has forwarded the 2016 budget

proposals of the Nigerian National Petroleum Corporation (NNPC),
Central Bank of Nigeria (CBN) and 36 other Agencies to the
National Assembly for consideration.
President of the Senate, Bukola Saraki, who presided at plenary,
announced that President Buhari had asked that the budget for the
38 agnecies be given accelerated approval to allow them expend
funds for various projects in line with their statutory laws and
mandate.
The announcement of the budget proposals for the 38 agencies
coincided with Senate scheduled open debate on the alleged
consistent refusal of the CBN to comply with the constitutional
provision which stipulates that it must submit annual reports on
its financial dealings to the National Assembly.
The upper legiuslative chamber approved a request brought by
Dino Melaye under Senate rule 42 to the effect that the Senate
needed to investigate the financial dealings of the apex bank to
expose what it had been keeping away from the National
Assembly in breach of the constitution.
According to Buhari’s letter, 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 others.
Dailysun