The House of Representatives has passed for second reading the Budget Proposals of 38 Corporations and Agencies of the Federal Government. Hon. Femi Gbajabiamila (APC: Lagos) leading the debate at the House plenary session of 21st July 2016 commended the efforts of President Muhammadu Buhari stating that this would be the first time the budget of these Corporations and Agencies are presented before the Legislature since the advent of democracy in Nigeria. During the debate, Hon. Gbajabiamila while urging Members to ensure that these Appropriations are efficiently and effectively considered said these Corporations and Agencies had adopted the Zero-Based Budgeting system.
It would be recalled that the Budget Proposal of these Parastatals were submitted to the House of Representatives on 14th July 2016 by President Muhammadu Buhari. In his letter which was read by the Speaker, Hon. Yakubu Dogara (APC: Bauchi), the President stated that his submissions were in line with the provisions of the Fiscal Responsibility Act, 2007 which provides for the submission of the Budget proposal of the under listed agencies to the National Assembly.
- National Agency for Science and Engineering Infrastructure
- Nigerian Airspace Management Agency
- Nigerian Shippers Council
- National Maritime Authority and Safety Agency
- Raw Materials Research and Development Council
- National Sugar Development Council
- Nigerian Postal Service
- Nigerian Ports Authority
- Federal Airports Authority of Nigeria
- Securities and Exchange Commission
- Nigerian Tourism Development Corporation
- Nigerian Communications Commission
- National Agency for Food and Drugs Administration and Control
- Nigerian Customs Service
- National Broadcasting Commission
- National Insurance Commission
- News Agency of Nigeria
- Nigerian Copyright Commission
- Nigerian National Petroleum Corporation
- Nigerian Deposit Insurance Corporations
- Bureau of Public Enterprises
- Nigerian Civil Aviation Authority
- Federal Inland Revenue Service
- Nigerian Immigration Service
- Nigerian Electricity Regulatory Commission
- Central Bank of Nigeria
- Radio Nigeria
- Federal Housing Authority
- Nigerian Television Authority
- National Automotive Design and Development Council
- Nigerian Nuclear Regulatory Authority
- National Business and Technical Examinations Board
- Federal Mortgage Bank
- National Environmental Standards and Regulations Enforcement Agency
- Industrial Training Fund
- Corporate Affairs Commission
- Standard Organization of Nigeria
- Oil and Gas Free Zones Authority.
The Bills on Appropriations for the aforementioned Corporations and Agencies have been referred to its various committees for further legislative input.
Bills on the Statutory Appropriations of Thirty-Eight(38) Parastatals Passes Second Reading in the House
