Buhari to lay 2018 budget for Nigeria next week

Source: Getty Images
Source: Getty Images

Nigeria president Muhammadu Buhari is to lay the estimates for the 2018 budget to a joint session of the National Assembly on 7 November.

In a letter from Mr President, read on both chambers of the National Assembly, Buhari said that he would formally address a joint session of the National Assembly from 2pm local time on Tuesday.

The letter which was read on the floor of the House of Representatives revealed:
“Pursuant to Section 81 of the 1999 Constitution, may I crave the kind indulgence of the National Assembly to grant me the slot of 1400hrs on Tuesday, 7th November 2017 to formally address a Joint Session and lay before the National Assembly the 2018 Budget Proposal.

“Please extend, Mr Speaker, the assurances of my highest regards to the Honourable Members as I look forward to addressing the Joint Session.”

Recall that the N7.3 trillion 2017 budget was submitted in December 2016 and jerked up to N7.44 trillion upon approval by National Assembly in May 2017.

The budget was however signed into law in June 2017 by the country’s vice president Professor Yemi Osinbajo who was then working in the capacity as acting president.



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