By Our Correspondent <\/p>\n
As the nation awaits the presentation of 2026 budget estimates to a joint session of the National Assembly by President Bola Tinubu,Senator Ita Enang on Wednesday in Abuja , faulted the implementation of capital componate of 2024 with revenue generated in 2025 , positing that affected projects ought to have been rolled into 2025 fiscal year and budgetary provisions .<\/p>\n
Ita Enang who expressed his displeasure with the practice while fielding questions from journalists covering the Senate at his Ibom Chambers, said it is inappropriate just as he declared that defected legislators at the National and State Houses of Assembly , have lost their seats in the eye of the law .<\/p>\n
” Each year\u2019s revenue should fund that year\u2019s expenditure. Projects not completed in 2024 should have been rolled over and captured in the 2025 budgetary provisions .<\/p>\n
“The reality is that the federal government does not have enough money to fund its responsibilities which is making it to borrow money for budget deficit funding .<\/p>\n
” But the year of budget implementation and revenue generation supposed to have been same , not what we have at hand now where capital component of 2024 budget , is being implemented by revenue generated in 2025 due to extension of implementation of its life span from December 31st 2024 to December 31st , 2025 “, he said. <\/p>\n
He however stated that the borrowing plans of the federal government, were in order , particularly those meant for funding budget deficit .<\/p>\n
“To my knowledge, every budget \u2014 including those of 2024 and 2025 \u2014 has always contained a deficit, and provision for borrowing to fund that deficit. So, the current borrowings were anticipated in the Appropriation Act”, he said .<\/p>\n
Defecting politicians and not the ruling All Progressives Party ( APC) , according to him, are the ones turning Nigeria into a one party state .<\/p>\n
“Nigeria is not becoming a one-party state by any machination of the APC or the Tinubu administration. It is happening because other political parties have failed to survive as true institutions.<\/p>\n
“Most of them exist for a week or two in the news and disappear. Some collapse under internal disputes; others are bought up or enjoined by court orders.<\/p>\n
“So, what party do you expect people to belong to? Naturally, they gravitate toward the one that is functional.<\/p>\n
“My only concern is the status of members of the National Assembly and state assemblies who defect without a declared divisions in their parties. <\/p>\n
“The Constitution is clear: if there is no court-declared division, and you leave your party, you lose your seat \u2014 whether it is formally declared vacant or not.<\/p>\n
“The Supreme Court has affirmed that such defectors must even refund all salaries and allowances collected after defection”, he said .<\/p>\n","protected":false},"excerpt":{"rendered":"
By Our Correspondent As the nation awaits the presentation of 2026 budget estimates to a joint session of the National Assembly by President Bola Tinubu,Senator Ita Enang on Wednesday in Abuja , faulted the implementation of capital componate of 2024 with revenue generated in 2025 , positing that affected projects ought to have been rolled […]<\/p>\n","protected":false},"author":2,"featured_media":7277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5266,1057,1411,5265],"class_list":["post-8468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","tag-anticipated-i","tag-appropriation","tag-faulted","tag-mplementation"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/8468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=8468"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/8468\/revisions"}],"predecessor-version":[{"id":8469,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/8468\/revisions\/8469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/7277"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=8468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=8468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=8468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}