Tuesday, May 6, 2025

MTEF/FSP: Senate threatens zero budget for CBN, NPA, NCC, others

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Rayyan Alhassan
Rayyan Alhassanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via rayyanalhassan@dailynigerian.com, or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
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The Senate has threatened to withhold approval for the budgets of federal agencies whose heads refuse to appear before its Joint Committee on Finance and National Planning to defend their proposals in the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper, MTEF/FSP.

The Chairman, Senate Committee on Finance, Solomon Adeola (Lagos West), made the threat while presiding at the beginning of a five-day stakeholders’ interactive session on the 2021-2023 MTEF/FSP, in Abuja.

According to a report by The Nation, Mr Adeola mentioned the affected agencies to include the Central Bank of Nigeria, CBN, Nigeria Ports Authority, NPA, Nigerian Communications Commission, NCC and Nigeria Shippers Council, NSC.

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Others are Nigerian Maritime Administration and Safety Agency, NIMASA, Federal Inland Revenue Services, FIRS, Nigeria liquefied Natural Gas, NLNG, among others.

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Mr Adeola said: “All agencies that are supposed to appear today that are not here must appear tomorrow unfailingly led by the heads of the respective agencies.

“This Committee will not attend to any Head of an agency by proxy.

“It should also be put on record that if they refuse to appear to defend the briefs that we have from the Executive, we will not hesitate to ensure that such defaulting agencies have zero budgets for next year.

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“It is a must for heads of agencies to appear because this document was put together by the executive and we need all the heads of agencies to come and defend what is before us.

“So, any Head of agency that fails to appear should as well know that for 2021 – 2023, there will be no budget.”

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