Hon Abdulrazak Namdas, Chairman, House of Representatives Committee on Media and Publicity, made the commendation in a statement in Abuja.
Fiscal Responsibility Act
Other areas which the joint committee expected government to realise revenue for the financing of the budget are looted funds, redundant government assets scattered across the country that can be liquidated and pension fund and trust funds…
The Senate's decision was sequel to a motion sponsored by the Deputy Senate Leader, Bala ibn Na'Allah, over the non submission of the 2017 Budget by some Public Corporations in violation of the Fiscal Responsibility Act
The report, which was presented to the President of the Senate, Dr. Abubakar Bukola Saraki, by the Leader of the Senate, Ali Ndume, recommended that annual budget be presented in the first week of September
He said that it was unimaginable that the NNPC, which operated in a lucrative sector, could claim to be making losses and as such was not returning its operating surpluses