We Will Closely Monitor The 2020 Budget From January - House Of Representatives - SephoraNews- Nigeria Entertainment Blog SephoraNews- Nigeria Entertainment Blog: We Will Closely Monitor The 2020 Budget From January - House Of Representatives
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Friday, 20 December 2019

We Will Closely Monitor The 2020 Budget From January - House Of Representatives

The Nigerian House of Representatives has announced that by January 16, 2020 it will start monitoring the 2020 national budget that was signed by President Buhari on Tuesday and make sure it is well implemented.

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James Falake, the Chairman House Committee on Finance, who disclosed this in a statement said weekly / monthly audits on how revenue is generated and remitted will be given to the committee to enable them monitor the 2020 budget revenue projections.

Furthermore, Faleke has urged all the Ministers, Department and Agencies (MDAs) to work with the House in making sure it effectively monitor the 2020 Appropriation Act.

Faleke stated:

“With the passage and signing of the 2020 Appropriation Act, the House Commit Finance wishes to commend all members of the House for the time spent to work on all source documents towards the passage of the Appropriation Act. “The Appropriation Act remains a plan on paper and can only become reality if funds are available for the execution of the projects as contained in the Act. 
“The plan will not come to fruition if the appropriated revenue are not generated and remitted to the appropriate Government Accounts. 
“The Committee on Finance whose key area of oversight is revenue generation and remittances has the job of ensuring these revenues are achieved and remitted accordingly. 
“The Committee on Finance will also use the new Federal Government transparency initiative on expenditure disclosure by MDAs to ensure extra-budgetary expenditures are curtailed to enhance revenue remittances to the treasury".

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