On Tuesday, the House of Representatives reaffirmed its commitment to hasten the approval of the 2024 appropriations bill once it is brought before Parliament.
Abubakar Bichi, the chairman of the House Appropriations Committee, pledged to utilize his oversight authority over pertinent government departments in his supervision of the budget execution during the Standing Committee’s first meeting in Abuja.
Bichi reaffirmed his willingness to maintain the Financial Year Act via budget approval on or before December 31 in order to guarantee budget execution from the start of the year to its conclusion.
Insisting that the committee’s work is not solely dependent on budget appropriation, he stated that the committee will supervise implementation by all Ministries, Departments, and Agencies (MDAs).
The lawmaker remarked that the Appropriations Committee is one of the most well-known Committees that promotes the course of lawmaking through the appropriation of funds, and he or she revealed that the panel will facilitate strategic meetings with the Chairmen of Finance, National Planning and Aids, Loans, and Debt Management.
According to him, the goal was to collect information that would help the committee ensure inclusive budget formulation, noticeable implementation, and efficient supervision.
The allocations Committee, in his words, “stands as one of the most prominent Committees that champions the course of lawmaking through appropriations of funds to run the affairs of government by Ministries, Departments, and Agencies (MDAs) of the Federal Government.” Due to this, the Committee’s jurisdiction is broader than those of other Standing Committees.
More importantly, Order 20, Rule 15 of the House of Representatives Standing Orders, 10th Edition, 2020 as Amended, gives the Committee the authority to plan, oversee, and monitor the execution of all Appropriation Acts following their adoption by the National Assembly.
This authority will be effectively used to exercise oversight jurisdiction over pertinent organizations, including the Federal Ministry of Budget and Economic Planning, Federal Ministry of Finance, Office of the Accountant General of the Federation, and National Economic Intelligence Agency, among others, to monitor the budget’s implementation.
The Committee’s leadership will convene strategic meetings with the chairs of finance, national planning, and aids, loans, and debt management in order to further this important duty. The goal of these meetings is to collect information that will help the Committee’s leadership ensure inclusive budget preparation, noticeable implementation, and efficient oversight.
Additionally, the Committee will maintain the long-standing and beloved tradition of guaranteeing Financial Year Act compliance by passing the budget on or before December 31 of each fiscal year. The budget execution from January to December will undoubtedly become operational and feasible as a result of this progress.