By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

Budget Office Defends Repeal, Re-Enactment of 2024, 2025 Budgets

Last updated: January 7, 2026 12:43 pm
9 months ago Lanre Babalola
Share
3 Min Read
AIT IMAGES 1 11

The Budget Office of the Federation has pushed back against claims that the repeal and re-enactment of the 2024 and 2025 Appropriation Acts violated the Constitution or encouraged spending outside legislative approval.

In a statement issued in Abuja on Wednesday, the Office described the allegations as misconceptions, insisting that Nigeria’s budget process remains firmly rooted in constitutional provisions, fiscal responsibility laws, and established legislative procedures.

According to the statement, the Budget Office explained that Sections 80 to 84 of the 1999 Constitution clearly outline the framework for public expenditure, beginning with the presentation of budget estimates by the President, approval by the National Assembly, and implementation by the Executive strictly within the authority granted by law.

It maintained that the Constitution does not bar the National Assembly from repealing and re-enacting an Appropriation Act, especially where economic realities, implementation challenges, or the need to harmonise fiscal instruments make such action necessary in the public interest.

However, some legal and civil society stakeholders have raised concerns that frequent budget adjustments could weaken fiscal predictability and public confidence, warning that repeated legislative changes may blur the line between exceptional corrections and routine budget management.

On the lifespan of budget laws, the Budget Office argued that while appropriations are typically linked to a fiscal year, legislative extensions are permissible to ensure the orderly completion of projects, settlement of verified claims, and proper alignment of overlapping fiscal commitments. This is as Critics insist that such extensions must remain limited and transparent to avoid creating a backdoor for fiscal indiscipline.

Responding to allegations of expenditure without appropriation, the Office clarified that public finance administration involves multiple components, including contractual obligations, statutory transfers, debt service, and project commitments that may span more than one fiscal period but remain backed by lawful authority.

But fiscal accountability groups, on their part, have called for clearer public disclosures to help citizens distinguish between approved commitments and actual cash spending.

The Budget Office also reaffirmed its obligations under the Fiscal Responsibility Act, assuring Nigerians that authenticated budget documents and enrolled Acts would be made available through official platforms once legislative harmonisation and enrolment processes are concluded, even as transparency advocates continue to push for earlier and more accessible public release of fiscal data.

The Office emphasized that the repeal and re-enactment of the budgets strengthens constitutional oversight of public funds, while stating its commitment to fiscal discipline, transparency, and constructive engagement with stakeholders as debates over budget credibility and public trust continue.

(Editor: Anoyoyo Ogiagboviogie)

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS feed: APO Group – Africa-Newsroom: latest news releases related to Africa APO Group – Africa-Newsroom: latest news releases related to Africa

  • Seychelles: Minister Barry Faure addresses the High-Level Meeting on Sea Level Rise at the United Nations September 27, 2026
  • Seychelles Advances Partnerships and Cooperation on the Margins of 81st United Nations General Assembly (UNGA 81) September 27, 2026
  • Egypt: President El-Sisi Meets the Chief Executive Officer (CEO) of Orange Group September 27, 2026
  • Kenya: Capacity in Public Asset and Liability Management September 27, 2026
  • Kenya: Serving Through Every Drop September 27, 2026

Trending

1 19
Stakeholders Solicit More Government Investment In Classic Music
Entertainment
AIT IMAGES 31
Niger Mining Deaths: Group demands independent probe, accountability
Local
AIT IMAGES 1 4
AAC Writes EFCC, Seeks Scrutiny Of Oyo State Funds Ahead 2027 Polls
Politics
ait images 3 1
FG Ready To Negotiate New Minimum Wage In 2027
Local
OSUN
“Emir Ajagungbade” Shot Dead In Protracted Motor Park Crisis In Osun State
Local

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?