The Senate on Monday disclosed that the 2016 Budget will expire by May 5 contrary to reports that the appropriation budget will expire on March 31.
The Chairman, Senate Committee on Appropriation, Danjuma Goje, made this known while speaking with newsmen.
Goje explained that by the provision of Clause 11 of the 2016 Appropriation Act, the budget will run for 12 months.
In his words: “The budget will last till May 5, 2017 by the provision of Clause 11 of the 2016 Appropriation Act assented to by President Muhammadu Buhari.
“This budget will run for 12 months.”
Goje also added that any attempt to mop up funds in the 2016 Budget by Ministries, Departments and Agencies will be a violation of the Appropriation Act.
He said the clarification became necessary because of the anxiety over the expiration of the 2016 Budget.
He said: “The clarification became necessary in view of anxiety over expiration of 2016 budget.
“It will expire on May 5 not March 31.”
It could be recalled that the Senate had on March 23 passed the 2016 Budget, with an unprecedented reduction in the budget’s total.
President Muhammadu Buhari presented a N6.08 trillion proposal in December 2015.
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