National Assembly Resumes Post-Holiday, to Approve Budget

The Nigerian Senate Leader, Opeyemi Bamidele, has announced that the National Assembly will pass the 2024 Appropriation Bill on December 30 to maintain the January-December budget cycle.

To ensure the passage of the bill, the Senate has abridged time for ministries, departments, and agencies to appear before the joint sitting of relevant committees of both the Senate and House of Representatives.

This has reduced the time for the budget defense process by half and removed the need for harmonisation. The National Assembly will reconvene on December 29 and hope to pass by December 30.

Bamidele has expressed concerns about economic saboteurs who are keeping exchange rates high against the naira or making the naira unavailable to those who keep their money in banks.

He stated that the Federal Government will charge, prosecute, and punish those who mopped up the naira and dollars from the markets, and those who speculated will also face justice.