Nigeria: Buhari Signs 2019 Budget Today

President Muhammadu Buhari.
27 May 2019

Abuja — President Muhammadu Buhari will today sign the N8.916 trillion 2019 budget passed by the National Assembly on April 30, 2019.

THISDAY learnt last night that the budget would be signed at 11 a.m. this morning in the State House.

The budget, presented by Buhari on December 19, 2018, is N86 billion higher than N8.83 trillion proposed by the executive.

The budget consists of N4.65 trillion recurrent expenditure, N2.94 trillion capital expenditure, statutory transfer of N502.58 billion, N2.25 trillion for debt servicing.

The budget also consists of N10 billion added to the service-wide votes to support victims of crises in Zamfara State.

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 executive to ensure its full implementation.

He said: "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."

See What Everyone is Watching

More From: This Day

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.