ELECTRIC POWER SECTOR REFORM ACT

Section 51: Annual programmes and budgets of the Commission.

2005Section 51 of 101Federal Republic of Nigeria

(1) On or before such date as the Minister may specify before the beginning of every financial year, the Commission shall prepare and submit to the Minister a budget showing the expenditures which the Commission proposes to incur in respect of that financial year in order to carry out the functions of the Commission.
(2) During any financial year, the Commission may prepare and submit to the Minister a supplementary budget relating to expenditures which were inadequately provided for in the annual budget due to unforeseen circumstances.
(3) A supplementary budget shall be deemed to form part of the annual budget of the Commission for the financial year to which it relates.
(4) The Commission may vary a budget prepared under this section, provided that no variation may be made which has the effect of increasing the total amount of expenditure provided for in the budget.

Cite this section

Section 51, ELECTRIC POWER SECTOR REFORM ACT (2005).

https://repo.podus.ai/laws/electric-power-sector-reform-act/section/51/