- The minister of budget and national planning, Udoma Udo Udoma, said President Buhari has not received the 2018 budget
- Udoma disclosed this one week after the budget was passed by the National Assembly
- He, however, said it is impossible to make a statement about the budget since it has not been received
The minister of budget and national planning, Udoma Udo Udoma, on Wednesday, May 23, disclosed that President Muhammadu Buhari is yet to receive the 2018 budget, one week after it was passed by the National Assembly.
Channels TV reports that Udoma made this disclosure at the Federal Executive Council (FEC) meeting said the reports credited to him as saying that the President will not sign the budget were false as he was even yet to receive the budget.
According to him, “The President is yet to receive the budget. It is, therefore, impossible to make a statement about the budget that has not been received.
“Once we get it, we will work very quickly on it. When it is submitted, I am sure the National Assembly themselves will inform Nigerians.”
Last Wednesday (May 16, six months after it was presented) the lawmakers passed a total of N9.120 trillion, an increase of N508 billion from the N8.612 trillion originally presented to the Assembly by President Muhammadu Buhari.
The chairman senate committee on Appropriation, Senator Danjuma Goje explained that after consultation with the Executive, the oil benchmark price was increased from 45 to 51 dollars.
According to him, the additional 508 billion added to the budget was applied in critical sectors of the economy namely: reduction of the deficit, security, health and power, works and housing.
Meanwhile, NAIJ.com had reported that the Nigerian Senate described the 2018 budget estimate presented by the executive as an imaginary document.
The lawmakers during plenary on Tuesday, November 28, said the 2018 budget was unrealistic and insensitive to the plight of the people.
Senator Enyinnaya Abaribe who was one of the first senators to fault the document said the 2018 budget is an imaginary document.
Street gist: Should the Nigerian Senate be scrapped? on NAIJ.com TV: