Nigerian Senate to override presidential veto on constitutional amendment regarding annual budgets
By 11 April
(photo credit: Daily Trust)
The Senate has resolved to override President Muhammadu Buhari on the constitution amendment bill, which seeks to compel the president to present annual budgets in September of every year. The Senate also said it would override the president’s veto on the Industrial Development (income tax relief) amendment, bill. To override the president on any matter, the Senate needs a two-thirds majority, which is about 73 senators, to endorse the action. Though the constitution amendment bill Number 28 rejected by the president sought to peg the date for budget presentation at not later than 90 days before a financial year, there is no provision in the bill providing when the National Assembly should pass the budget.
Read the full article here: Daily Trust