Constitution of the Federal Republic of Nigeria (Fifth Alteration) Acts, 2023
Annotated alteration evidence — page 94
- Jurisdiction
- Nigeria
- Provision
- 94
- Source language
- English
- Recorded status
- in force
More details
- Recorded status
- in force
Provision text
Official sourceE - Powers and Control over Public Funds
120. Establishment of Consolidated Revenue Fund
(1) All revenues or other moneys raised or received by a State (not
being revenues or other moneys payable under this Constitution or
any Law of a House of Assembly into any other public fund of the
State established for a specific purpose) shall be paid into and form
one Consolidated Revenue Fund of the State.
(2) No moneys shall be withdrawn from the Consolidated Revenue
Fund of the State except to meet expenditure that is charged upon
the Fund by this Constitution or where the issue of those moneys
has been authorised by an Appropriation Law, Supplementary
Appropriation Law or Law passed in pursuance of section 121 of
this Constitution.
(3) No moneys shall be withdrawn from any public fund of the State,
other than the Consolidated Revenue Fund of the State, unless the
issue of those moneys has been authorised by a Law of the House
of Assembly of the State.
(4) No moneys shall be withdrawn from the Consolidated Revenue
Fund of the State or any other public fund of the State except in the
manner prescribed by the House of Assembly.
121. Authorisation of expenditure from Consolidated Revenue
Fund
(1) The Governor shall cause to be prepared and laid before the
House of Assembly at any time before the commencement of each
financial year estimates of the revenues and expenditure of the
State for the next following financial year.
(2) The heads of expenditure contained in the estimates, other
than expenditure charged upon the Consolidated Revenue Fund
of the State by this Constitution, shall be included in a bill, to be
known as an Appropriation Bill, providing for the issue from the
Consolidated Revenue Fund of the State of the sums necessary to
meet that expenditure and the appropriation of those sums for the
purposes specified therein.
88 The Constitution of the Federal Republic of Nigeria Updated with the First, Second, Third, Fourth and Fifth Alterations
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Constitution of the Federal Republic of Nigeria (Fifth Alteration) Acts, 2023 · placng.org · Retrieved 18 August 2026.
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