The House of Representatives has urged President Bola Tinubu to promptly submit the 2025 budget proposal to the National Assembly.
This resolution was passed during a plenary session on Wednesday, following a motion introduced by Clement Jimbo, a lawmaker from Akwa Ibom. Jimbo highlighted the necessity for the president to adhere 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 details projected revenue, expenditure, and budgetary policies for the next three years, and is essential for the budget presentation.
Jimbo expressed concern regarding the delay in transmitting the MTEF and the 2025 budget proposal, emphasizing the National Assembly’s constitutional role in overseeing the use of appropriated funds. He called for adherence to the legal timelines for budget consideration and passage.
The motion was adopted through a voice vote led by House Speaker Tajudeen Abbas. Additionally, the parliament instructed its committees on national planning, economic development, appropriation, and finance to ensure compliance within two weeks.