The House of Representatives Committee on Finance on Thursday in Abuja put off the consideration of the 2014 budget revenue framework to commence hearing on the state of the economy.
This was contained in a statement issued by the clerk of the committee, Farouk Dawaki.
The statement said that the Committee wished to first conclude work on the State of the Economy investigative hearing to ascertain the true state of the economy.
It said that it would also “robustly engage the Minister of Finance and the Co-ordinating Minister of the Economy on her responses to our 50 questions.
“The Committee is set and fully determined in our resolve to once and for all unravel the authentic state of our economy.”
The statement said that relevant stakeholders, interest groups and the general public have already been invited to submit memoranda.
It said that preparations for the event have reached top gear.
It further said that the hearing, which is scheduled for March 3 to 6, 2014, will be declared open by the Speaker of the House of Representatives, Hon. Aminu Tambuwal.
“The Committee will resume consideration of 2014 budget revenue framework on March 10, 2014,” the statement said.
The committee had earlier invited the Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, to present updates on revenue generation, from 2011 to 2013 and the projections for 2014.
Others that are slated to appear before the committee include officials of the Ministry of Finance; the Director-General, Budget Office; and the Office of the Accountant General of the Federation.
Others are the Nigerian National Petroleum Corporation, the Nigeria Customs Service, the Department of Petroleum Resources and the Federal Inland Revenue Service.
The House had last week suspended plenary to enable all its Standing Committees engage ministries, departments and agencies preparatory to the passage of the 2014 budget.
All the committees are expected to submit their reports when plenary resumes on March 11, 2014.
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