National Assembly Forwards Budget To Buhari
Nigeria's 2018 Appropriation Bill is nearing its final stage.
The National Assembly forwarded the 2018 Budget to President Muhammadu Buhari on Friday.
This was confirmed by the President’s liaison officer to the National Assembly, Senator Ita Enang.
He said the budget was received from the legislature on Friday and that the executive would go through.
Six months after the budget of 8.61 trillion Naira was presented to the National Assembly, it is yet to be ready.
Senate President, Dr Bukola Saraki, had told reporters on Thursday that the budget would be forwarded to the President on Friday over one week since it was passed.
Also Read: Senate Passes 2018 Budget
On Wednesday, the Minister of Budget and National Planning, Udo Udoma, told reporters that the Presidency was yet to receive the budget one week after it was passed.
The administration of President Buhari had hoped that the budget would be ready by December to enable it consolidate on the achievements of the previous budget.
He had told the National Assembly on the day he presented the budget that it was expected to yield better outcome.
Before the budget was passed, the lawmakers raised oil price benchmark from $45 to $51, with the head of the Committee on Appropriation, Senator Danjuma Goje, explaining that the benchmark was increased after consultations with the executive.
A total of 508 billion Naira was also added to the proposed expenditure, raising the budget to 9.120 trillion Naira from 8.612 trillion Naira.