President Muhammadu Buhari has berated the National Assembly for downsizing the 2019 budget proposal he sent to the legislature to the tune of N347 billion. He said the action of the legislature will affect 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion. The president revealed
President Muhammadu Buhari has berated the National Assembly for downsizing the 2019 budget proposal he sent to the legislature to the tune of N347 billion.
He said the action of the legislature will affect 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.
The president revealed this when he signed the 2019 Appropriation bill of N8.92 trillion into law on Monday in Abuja where he admitted that the delay in signing the bill into law has slowed down the economy.
He stated that he only signed the bill because he didn’t want to further slow down the pace of recovery of Nigeria’s economy.
Buhari promised to send “a supplementary and/or amendment budget” to the National Assembly to rectify the critical issues he raised.
Recall that the president had submitted the 2019 budget of N8.83 trillion to the Senate but was increased by about N10 billion by the Upper House, bringing the amount to N8.92 trillion.
Buhari had on June 6, 2018, signed the 2018 appropriation bill of N9.120 trillion .
Dignitaries who witnessed the signing of the 2019 budget, which took place at the mini-conference hall of the president, included the Senate President Bukola Saraki and the Speaker of the House of Representatives,Yakubu Dogara.
The Secretary to the Government of the Federation, Boss Mustapha and the Chief of Staff to the President, Mallam Abba Kyari also witnessed the signing of the budget.
Others at the event were the Ministers of Finance (Zainab Ahmed), Budget and National Planning (Sen. Udoma Udu Udoma), Information and Culture (Lai Mohammed) and the Chairman of the Senate Committee on Appropriations, Sen. Danjuma Goje,
The Senior Special Assistant (SSA) to the President on National Assembly Matters (Senate), Sen. Ita Enang and his counterpart for the House of Representatives, Umar El-Yakubu were also at the event.
Minister of Budget and National Planning, Udoma Udo Udoma, after the signing of the bill by the president said the 2018 Budget will help the present government consolidate the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2017-2020.
He expressed his happiness with the implementation of the 2017 budget, which saw the N1.5 trillion implementation of Capital projects during the 2017 fiscal year.
Heand said the government will work hard to recreate the same achievement and generate the revenues required to finance projects and programmes that will significantly improve the economy.