Acting President Osinbajo signs 2017 budget into law


Nigeria's Acting President, Prof. Yemi Osinbajo, has signed the 2017 budget into law.

The budget was signed at exactly 4:42 PM in his office on Monday at the Presidential Villa, Abuja, a presidential aide announced on Twitter.

"I'd like to express appreciation to @nassnigeria for completing the work of the 2017 Appropriations Bill, " Osinbajo said.



President Buhari had in a letter addressed to Budget Minister, Udoma Udo Udoma said it is in the interest of the nation’s economy for the Acting President, Professor Yemi Osinbajo, to sign the 2017  Appropriation Bill into law.

The  National Assembly, NASS, had passed the budget on 11 May. Osinbajo was presented a copy by 19 May with the original figure ballooning to N7.441 trillion, from the N7.28trillion proposed by President Buhari.

Then came the delay in the Acting President assenting to it to become law. Earlier  reports had said  that the Acting President was scrutinising the document. Indeed, copies of the budget were sent to MDAs for perusal and observations.

President  Buhari  in his letter to Udoma said he was “pleased by the joint resolution that the Executive  would submit next year’s budget proposals by October 2017 and the National Assembly will conclude the Appropriation process by December 2017, so that the country can return to a normal fiscal period from next year onwards.”


Comments