The House of Representatives has passed, for second reading, a bill seeking to amend the 1999 Constitution to compel the President to present annual budget estimates to the National Assembly within a fixed timeframe.
The proposed legislation aims to institutionalise timely budget presentation and restore Nigeria’s January–December budget cycle, which has suffered disruptions since President Bola Tinubu assumed office in 2023.
Under the administration of the late President Muhammadu Buhari, the January–December budget cycle was strictly maintained for eight consecutive years, a practice widely praised for improving fiscal predictability and governance.
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