Nigerian President Signs 2019 Budget!
Nigerian President Muhammadu Buhari has signed the 2019 budget of N8.91 trillion into law. This is coming in a few weeks after the bill was passed by the National Assembly.
The budget consists of N4.65 trillion recurrent expenditure, N2.94 trillion capital expenditure, statutory transfer of N502.58 billion, and N2.25 trillion for debt servicing.
In his remarks after passing the budget, Senate President Bukola Saraki praised the committee and fellow senators for their contributions to the passage of the bill and tasked the executive to ensure its full implementation.
“I want to thank our colleagues, particularly for their understanding and for us to be able to meet today’s deadline in passing the bill and (I) thank the Committee on Appropriation too.”
“I hope that with this budget passed, the Executive will also ensure the full implementation of the budget for the benefit of Nigerians as a whole.”