Nigerians have continued to react to President Muhammadu Buhari’s assent to the 2018 Appropriation Bill on Wednesday at the Presidential Villa in Abuja, the Federal Capital Territory.
President Buhari had submitted a budget proposal of N8.612 trillion to the National Assembly on November 7, 2017.
However, six months after it was presented, precisely on May 16, 2018, the lawmakers increased the proposal by N508 billion to N9.12 trillion, and passed it.
Flanked by Vice President, Yemi Osinbajo, Minister of Budget and National Planning, Udoma Udo Udoma, and other top government officials present, President Buhari signed it into law on June 20.
Some economic experts had expressed worry over the likely impact such delay could have on the nation’s economy.
Video by Iyiola Pedro
“When I submitted the 2018 Budget proposals to the National Assembly on 7th November 2017, I had hoped that the usual legislative review process would be quick, so as to move Nigeria towards a predictable January-December financial year. The importance of this predictability cannot be overemphasised,” President said, on Wednesday.