Osinbajo Signs Executive Orders To Speed Up Budget Submission

On Thursday,  the Acting President, Mr. Yemi Osinbajo,  signed three executive orders with the potential to significantly change some of the ways government business and operations are conducted in the country.  This was contained in a statement by Mr. Laolu Akande, Senior Special Assistant (Media and Publicity) to the acting President.

The statement disclosed that ahead of the signing, an interactive session held at the old Banquet Hall of Presidential Villa. In attendance were all relevant government officials, including ministers, permanent secretaries and heads of departments and agencies. The session was held to directly engage government officials, who would be in charge of the implementation of the orders and the new instructions.

The executive orders also stipulate sanctions and punitive measures for violations. The three orders signed by Mr. Osinbajo provide specific instructions on a number of policy issues affecting the ease of doing business in the country, support for local content in public procurement by the Federal Government, and timely submission of annual budgetary estimates by all government agencies, including companies owned by the Federal Government.

On budgets, the acting President directed all Federal Government agencies must before the end of May of every year prepare and submit to the Minister of Finance and the Minister of Budget and National Planning their schedule of revenue and expenditure estimates for the next three financial years.

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