• Contact Us
  • About Us
Friday, September 12, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Bill to override President’s veto on budget passes second reading in Senate

metro by metro
April 17, 2019
in News
0
0
SHARES
0
VIEWS
Ike Ekweremadu
Ike Ekweremadu

The 1999 Constitution of Nigeria, (Fourth Alteration, No. 28) Bill to mandate the President and governor of a state to lay annual budget 90 days to end of a fiscal year, has passed second reading in the Senate.

This followed presentation of the bill, which was sponsored by the Deputy Senate President, Ike Ekweremadu and presented at plenary by Leader of the Senate, Ahmad Lawan.

Read Also

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

Naira Strengthens To N1506/$, Best Level Since March

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

The bill is meant to ensure that Nigeria reverts to the January to December budget cycle.

The bill, which was rejected by the president in 2018, seeks to amend the 1999 Constitution by making it mandatory for the President and Governor of a state to lay the annual budget estimates before parliament, three months to the end of a financial year.

It also mandates the national assembly to pass the budget before commencement of the next financial year.

President Buhari declined assent to the constitution amendment bill on the grounds that Section 2 (b) and 3 (b) of the proposal appeared not to take full cognisance of the provisions of Section 58 (4) of the 1999 constitution.

However, the Technical Committee on Declined Assent to Bills chaired by Sen. David Umaru, said the bill was not in conflict with the constitution, as put forward by the President.

Umaru said the bill would ensure that the budget is “laid not later than 90 days to the end of a financial year. The legislative intent behind this bill is to ensure that we run a normal financial year.

“Therefore, the provision of section 58(4) which Mr. President made reference to, does not apply in this regard.

“On the whole, we respectfully submit that the bill is not in conflict with the provision of Section 58(4) of the Constitution as implied by Mr President.

“It is, therefore, our concerted view that the senate should override Mr President’s veto,” he said.

Meanwhile, five other constitution amendment bills earlier rejected by the President  have also passed second reading.

They are: The Constitution of the Federal Republic of Nigeria, 1999(Fourth Alteration, No. 8) Bill, 2018; Constitution of the Federal Republic of Nigeria, 1999(Fourth Alteration, No. 15) Bill, 2018 and Constitution of the Federal Republic of Nigeria, 1999(Fourth Alteration, No. 20) Bill, 2018.

Others are: Constitution of the Federal Republic of Nigeria, 1999(Fourth Alteration, No.22) Bill, 2018 and Constitution of the Federal Republic of Nigeria, 1999(Fourth Alteration, No. 24) Bill.

The President of the Senate, Dr Bukola Saraki, referred all bills to the Committee on Constitutional Review, with no time-frame for submission of the reports.

Unlike the budget timeline bill, which will not require presidential assent if it scales through in both Senate and the House of Representatives, the five other bills will be re-presented to the President for assent if approved by the National Assembly.

Section 58 (5) of the 1999 Constitution provides that two-third of both legislative chambers of the National Assembly (73 senators and 240 members of House of Representatives) are required to override the President’s veto.

Tags: Ike Ekweremadu
Previous Post

Senate passes Police Reform Bill

Next Post

Court dismisses suit on sale of 9mobile

Related Posts

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday
News

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

September 12, 2025
Naira
News

Naira Strengthens To N1506/$, Best Level Since March

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills
News

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

September 8, 2025
NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues
News

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

September 6, 2025
Next Post

Court dismisses suit on sale of 9mobile

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

September 12, 2025
US Becomes Net Exporter Of Crude To Nigeria-EIA 

Oil Prices Extend Losses On Oversupply, US Demand Concerns

September 12, 2025

Yango Group launches Yango Motors in Côte d’Ivoire, debuting at Abidjan Auto Show 2025 

September 11, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version