President Muhammadu Buhari has just signed the 2019 appropriation bill of N8.91 into law on Monday, less than 48 hours to his inauguration for a second term as president.
The budget was passed into law after the National assembly increased the budget size from its initial N8.83 trillion. Present at the signing were; The speaker of the house of representatives; Yakubu Dogara, chairman of the Senate committee on appropriation; Danjuma Goje, The minister of budget and national planning; Udoma Udo-Udoma, and the senior special assistant to the president on national assembly matters; Ita Enang.
Image Credit: Cable
Mustapha Dawaki, chairman, house committee on appropriation, explained the reason for the increase in the budget; “There is a slight increase in budget deficit because of severance of lawmakers, legislative aides. There is also a need to provide more funds for security organisations, This is because there are so many outstanding items not captured in the proposal. For instance, there was a Senate resolution for special intervention of N10 billion in Zamfara due to the crisis that occurred there. Also not captured but equally critical was the severance benefits of outgoing legislators and their aides.”
Follow us on Instagram and Twitter for updates.