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Nigeria

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PRESIDENT BUHARI SIGNING 2018 BUDGET

Nigerian President, Muhammadu Buhari in preparation for his inauguration on Wednesday, May 29 for a second term in office signs the 2019 Appropriation Bill to law on Monday, May 27.

Among the witnesses of the event holding at the State House, Abuja are the Senate President, Dr. Bukola Saraki and the Speaker of the House of Representatives, Hon. Yakubu Dogara.

The signing of the budget is among one of the series of activities the President will carry out today.

Last month, the Senate and the Lower House unanimously raised the budget from N8.826trillion to N8.916trillion.

The amount approved by the National Assembly is N90billion higher than the 8.826trillion President Buhari laid before the lawmakers in December 2018.

Before the harmonization of the government, the House of Representative had approved N8.906trillion while the Senate passed N8.916trillion.

The National Assembly also increased the deficit budget by Buhari from N1.86trillion to N1.908trillion. The passage of the budget came after the consideration and adoption of the report submitted by National Assembly Committee on Appropriations.