President Muhammadu Buhari has set to present the 2021 budget.
News Rain reports that President Buhari will be presenting the 2021 budget come next week.
When Buhari Will Sign 2021 Budget
The development was disclosed by the Senate President, Ahmad Lawan, on Tuesday, during the plenary welcome speech after the resumption of the Senate’s from the annual recess.
He said: “The Joint committee will present it’s report to the Senate today for consideration. This is a precursor to the presentation of the 2021 Budget Estimates by the Executive Arm of Government soon. I am aware that the Executive will be presenting the 2021 Budget Estimates by next week.”
The Senate President commended the Joint Committee on Finance and National Planning for carrying out comprehensive legislative work on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper, stating that consideration of its report by the upper chamber would precede the presentation of 2021 budget estimates next week by the President.
On the Petroleum Industry Bill, the Senate President said that the Joint Committee on Petroleum Resources (Downstream), Petroleum Resources (Upstream), and Gas had preliminary engagements with the Federal Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation (NNPC), and other Stakeholders in the Oil and Gas industry, to discuss the critical piece of legislation.