Reps summon ministers over budget underperformance

File: House of Representatives

Kindly share this story:

The House of Representatives has summoned the Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Mr Atiku Bagudu, over poor budget implementation.

The House on Tuesday held a closed-door session with Edun, Bagudu, the Accountant-General of the Federation, Shamseldeen Ogunjimi; and the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.

A lawmaker who attended the session told The PUNCH in confidence that the meeting focused on the poor implementation of the capital components of the 2024 and 2025 budgets. He said lawmakers expressed deep frustration over the government’s failure to release funds for projects already executed.

As a result, the House resolved not to consider the 2026 Appropriation Bill until the Federal Government clears outstanding payments owed to contractors under the 2024 and 2025 budget cycles.

In protest, the House stepped down consideration of about 42 bills listed for first, second, and third readings. It also deferred the presentation of four committee reports on bills proposing the establishment of agricultural colleges and specialised institutions in Kaduna, Edo, and other states.

For the third time, the House also suspended its planned consideration of the constitution review report submitted last week by the Committee on Constitution Review.

The executive session lasted nearly two and a half hours and ended without an official briefing.

However, a member familiar with the discussions said the lawmakers were dissatisfied with what they described as President Bola Tinubu’s poor budget performance so far.

He said, “It was the same issue of poor implementation of the 2024 and 2025 budgets. I mean the capital component of the budgets. Projects executed have not been paid for, and this is really embarrassing.

“We have been on this for a while now, and despite the assurances we got today, many of us took it with a pinch of salt because the assurances are not new. Members were so angry that they vowed not to consider the 2026 Appropriation Bill when it is transmitted by the president unless the funding gaps in the previous budgets of this administration are addressed.”

He added that the Accountant-General pleaded for time to settle the outstanding payments. “The Accountant-General pleaded with lawmakers to be given 48 hours to address the concern of local contractors. As representatives of the people, we granted this request. But I can tell you that some of us are not optimistic,” he said.

In a separate interview, Edo lawmaker Billy Osawaru urged the Federal Government to prioritise payments to contractors, stressing that many had taken loans to execute the projects.

He said, “Since the contractors have fulfilled their obligations by executing the 2024 projects, they deserve to be paid, considering the fact that the majority of them secured loans using collateral. The executive must restore its integrity by prioritising these payments.”

The Minority Leader of the House, Kingsley Chinda, also condemned the poor level of implementation, saying full execution of the budgets was necessary to restore public confidence. “The only solution is for a commencement of full implementation of the budgets,” the Rivers lawmaker said in a telephone interview.

Similarly, the House spokesman, Akin Rotimi, said members were displeased with the government’s indebtedness to local contractors. He, however, expressed hope that recent engagements with the executive would yield improved capital releases.

He said, “As parliamentarians, we are concerned about the poor implementation of the capital component of the 2024 and 2025 budgets. Capital projects are essential to national development because they create jobs, improve infrastructure, and strengthen local economies.

“When releases are delayed or insufficient, progress slows and public confidence drops. We have been engaging with the executive and have received assurances that capital releases will improve.

“Our priority is to ensure the budget delivers real value to Nigerians, and we will continue strong oversight and collaboration to clear bottlenecks, improve cash-flow planning, and ensure capital projects are executed efficiently and transparently.”

Former Chief Economist at Zenith Bank Plc, Mr Marcel Okeke, criticised the Federal Government’s budget administration since 2023, describing the concurrent running of multiple budgets as a violation of due process.

He said, “What this (budget distortions) tells us is that the Federal Government is not living up to expectations. The discussion of the budget is another way of discussing the economy. Budget is an annual plan and it is a law meant to be implemented within a specific time frame.

“If the Federal Government is distorting this time frame, it means that the government is not serious. Every budget of a given year is done based on assumptions. The assumptions on which the 2024 budget was prepared are different from those of the 2025 budget, and the ones of 2025 will not be the same as those of 2026. They are messing everything up now,” he lamented.

He warned that the lapses at the federal level negatively affect the states. “The state governments usually take cues from the Federal Government’s presentation and assumptions. The state governments don’t control oil. It is the Federal Government that announces the volume of oil production and assumptions for the budget,” he said.

Okeke, while criticising the Buhari administration, noted that it at least maintained the January–December budget cycle. “The rolling of budgets is a joke on the running of the economy. The Buhari-led government was a failure, but if it did anything well, it was the issue of restoring the January-December budget cycle.

“As economic agents—households, families, etc—look up to the government framework every year, so that as a person, you will begin to plan. What this whole thing means is that instead of things being done according to law, they will be done according to somebody’s caprices.

“The way things are stated in the budget will no longer necessarily be the way they will be implemented. There would be all kinds of corruption, embezzlement, and malfeasance because everything becomes an emergency,” he said.

The House is expected to resume normal plenary today (Wednesday).

Dirisu, has over 12 years experience covering political parties, National Assembly, sports, transportation, etc, and currently works with The PUNCH

Kindly share this story:

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

UPDATE NEWS: Nigerians can now invest ₦2.5million on premium domains and profit about ₦17-₦25Million. All earnings paid in US Dollars. Rather than wonder, 👉 click here to find out how it work (Be sure to ask for evidence of clients that have benefitted from this)

Stay informed and ahead of the curve! Follow The Punch Newspaper on WhatsApp for real-time updates, breaking news, and exclusive content. Don't miss a headline – join now!

Stay in the know—fast. Get instant alerts, breaking headlines, and exclusive stories with the Punch News App. Download now and never miss a beat.