President Muhammadu BuhariPresident Muhammadu Buhari has assented to the Federal Capital Territory (FCT) Appropriation Act, 2016 which was passed by the National Assembly some weeks ago.
The Special Assistant to the President on National Assembly Matters, Senator Ita Enang, disclosed this when he met with journalists in Abuja on Tuesday.
The total budget approved and signed into law for the FCT stands at N241 billion.
According to Enang, the legal implantation of the Budget, therefore, comes into effect, which will result in employment in the formal and informal sectors through projects implementation and employment there from arising.
On the issue of the budget of statutory agencies and parastatals still pending before the National Assembly, Enang said that it is in line with the Fiscal Responsibility Act for President Buhari to forward the budget proposal of all the 38 agencies to the National Assembly.
He said that once it is passed into law, it would stimulate the economy and create massive job opportunities.
He however declined to respond or provide any details about an executive bill seeking “emergency” power for President Buhari to reposition the economy.
“Some Nigerians have asked questions as to the legal and legislative grounds for the laying of the Budget of Statutory Corporations before the National Assembly for consideration and passage.
“The Fiscal Responsibility Act, 2007 requires that the Budget of the underlisted Agencies among others be laid before the Assembles by Mr. President, in addition to, and independent of the annual Appropriation Act. [myad]
