President Bola Ahmed Tinubu has withheld assent to two bills recently passed by the National Assembly, citing concerns over fiscal policy implications and financial sustainability.
The bills, which sought to establish new statutory agencies, were returned to the legislature with a request for reconsideration. According to sources within the Presidency, Tinubu raised concerns about duplication of functions, the strain on public finances, and potential overlap with existing agencies.
While the specific bills were not named in the initial communication, legislative insiders hinted they touched on economic and regulatory matters.
The move underscores Tinubu’s earlier commitment to fiscal discipline, cost-cutting, and avoiding unnecessary expansion of government bureaucracy. The development now places the bills back in the court of the National Assembly, which may decide to override the veto with a two-thirds majority vote.
