The Acting President, Yemi Osinbajo, on Monday finally signed the 2017 Appropriation Bill into law in the presence of the principal officers of the National Assembly and other top government officials.
At the signing ceremony witnessed by principal officers of the National Assembly, led by the Senate President, Bukola Saraki, Osinbajo declared that the N7.44trillion budget will bring back an era of abundance in the Nigerian economy. The budget christened “Budget of Economic Recovery and Growth” has a revenue projection of N5.08trilion.
Details of the budget, as approved by the National Assembly, will be made available by the Minister of Budget and National Planning, Osinbajo said.
Hours before the budget signing, President Buhari in a letter to the Minister of Budget, Senator Udoma Udo Udoma, gave Acting President Osinbajo, the green light to sign the budget on his behalf.
President Buhari wrote the letter to the minister, according to a statement by Garba Shehu, the senior special assistant to the president on the media and publicity.
Osinbajo however said he delayed the signing of the budget because of the disagreements the Executive had about the changes introduced to the document by the Legislature.
He said the Executive’s stance was that the changes affected some of the Federal Government’s priority programmes and would make implementation difficult or even impossible.