Monday, 12 June 2017

Breaking: Ag President Osinbajo Signs 2017 Budget.

Breaking: Ag President Osinbajo Signs 2017 Budget. 

Acting President Yemi Osibajo on Monday signed the 2017 Appropriation Bill also known as the budget, into law.
The signing comes weeks after many Nigerians expressed concern over the delay in the signing of the budget.
The Presidency had earlier explained that the Executive and the National Assembly were clearing some grey areas in the budget.

A statement by the presidential spokesperson, Garba Shehu on Monday said that President Muhammadu Buhari, who is receiving treatment for an undisclosed ailment in London, United Kingdom has written to Osinbajo authorising him to sign the budget into law.
“Following the receipt of a full brief on the 2017 appropriation bill as passed by the national assembly, and to buttress the unity at the highest level of government, President Muhammadu Buhari has indicated that it is in the interest of the nation’s economy for the Acting President, Professor Yemi Osinbajo, to sign the appropriation bill into law,” the statement read.
In a letter dated June 10, 2017, which he personally signed and addressed to the minister of budget and national planning, Senator Udoma Udo Udoma, the president also said he was ‘pleased by the joint resolution that the executive would submit next year’s budget proposals by October 2017 and the national assembly will conclude the appropriation process by December 2017, so that the country can return to a normal fiscal period from next year onwards.”
Acting President Yemi Osibajo signed the 2017 appropriation bill in the presence of senior officials from both the executive and the legislative.

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