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President Buhari to Sign 2018 Budget Tomorrow

by NDUBUAKU KANAYO

President Buhari to Sign 2018 Budget Tomorrow

President Muhammadu Buhari will on Wednesday June the 20th sign into law the 2018 appropriation bill.

The weekly Federal Executive Council (FEC) meeting slated for tomorrow might likely not hold due to the budget signing and Public holidays of Friday and Monday.

The Special Adviser to the President on Media and Publicity, Femi Adesina, at the close of the FEC meeting last week informed newsmen that the president Buhari will sign the 2018 budget this week.

The Presidency had received the appropriation bill from the National Assembly since May 25 after it was signed by the lawmakers.

President Buhari presented a budget proposal of N8.612 trillion to the lawmakers earlier in 2017 with hopes that the bill would be passed in December of that year, but it took six months for that to happen with the lawmakers accusing ministries, departments, and agencies of frustrating the passage by failing to submit the breakdowns of their budget proposals.

The National Assembly, however, increased the proposal by N508billion bringing it to N9.12 trillion from the original estimate of N8.6 trillion.

The President had noted during the budget presentation that the 2018 budget will consolidate on the achievements of the previous budget and that 2018 is expected to be an improvement from the previous the 2017 budget in terms on implementation and policy direction

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