Jonathan notifies National Assembly on Budget 2014

Nigeria’s President Goodluck Jonathan on Tuesday wrote the Senate expressing his intention to present the 2014 budget to the National Assembly on 12 November, one month later than his 2012 presentation.

Jonathan, in a letter dated 23 October expressed his intention to present the 2014 budget to the National Assembly.

“I write to crave your kind indulgence to grant me the slot of 12:00 noon on Tuesday, 12 November to enable me formally address a joint session of the National Assembly on the 2014 budget.

“I thank the distinguished senators for the constancy of their support, please accept the assurances of my highest consideration,” the letter stated.

The Senate had to adjourn early to allow committees complete work on the Medium Term Expenditure Framework (MTEF).

The MTEF has to be debated, adopted and passed before the budget can be discussed since it forms the basis upon which the budget is formulated.

Jonathan presented this year’s budget on 10 October 2012.