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Thursday 13 December 2018

President Buhari To Present 2019 Budget To National Assembly On Dec 19

President Muhammadu Buhari may present the 2019 fiscal policy to the National Assembly On December 19, barring any unforeseen circumstance.

In a letter to the parliament, President Buhari is seeking the lawmaker's consent to lay the budget document at a joint sitting of both the senate and house of representatives on the said date.
Last week, the federal executive council (FEC) approved the 2019 budget document ready for presentation for the legislative final approval.
The government is proposing a 8.73 trillion naira spending plan for 2019.
That process can take more than half a year of wrangling, hobbling the release of funds that could boost Nigeria’s economy.
Last year, the president presented the 2018 budget estimate to the parliament on November 3, but the legislative approval for the budget did not come until six months later.

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