The presentation of the N4.56 trillion 2011 budget by President Goodluck Jonathan to a joint session of the national assembly has been postponed to Wednesday this week.

The President had in a letter to both leadership of the national assembly, dated 8 December 2010, asked both the senate President and the speaker of the house of representative to let him address a joint session of the National Assembly at noon on Tuesday 14th of December 2010.

Chairman senate committee on information and media, Senator Ayogu Eze said the budget presentation was postponed at the instance of the national assembly to allow them conclude work on the electoral act.


The government had at the Federal Executive Council Meeting last Wednesday, approved a budgetary proposal of n4.56 trillion for the 2011 fiscal year.

The figure is 10.27% less than that of 2010 appropriation but deduced from the 2011-2013 medium term fiscal frame.

The Wednesday approval signifies the commencement of the implementation of the 2011-2013 Medium Term Fiscal Framework (MTFF) and Fiscal Strategy Pare (FSP), the revenue and expenditure frameworks of the government as agreed to by federal executive council.