President Buhari Will Sign Off 2018 Budget On Tuesday
Once the Sallah break is over, and President Muhammadu Buhari returns to duty on Tuesday, he will sign the 2018 budget into Law.
This will end the first phase of the 2018 budget which began its journey since November 2017.
Recall that special adviser on media, Femi Adesina hinted that the president will sign the budget into law by next week when he spoke to reporters earlier in the week in Abuja.
The specific date has now been confirmed by Information Minister, Lai Mohammed on Friday, when he spoke to Reuters on the sidelines of a visit to London.
“We will sign it off on Tuesday,” Mohammed had told Reuters.
In May, the National Assembly passed a record 9.12 trillion-naira budget for 2018 aimed at boosting growth, six months after the budget document was presented to them.
But despite the passage, the budget still needs to be returned to Buhari to be signed into law before it could be implemented.
The total sum laid out in the spending plan passed by the Senate is higher than the 8.6 trillion-naira budget presented to parliament by President Muhammadu Buhari in November.
Mohammed said he expected the delay would have little effect on government projects.
“Even once a budget is passed, there are still processes, due diligence to be done ... this takes time,” he said.
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