Buhari signs 2019 appropriation bill into law
President Muhammadu Buhari has signed the 2019 Appropriation bill of N8. 92 trillion into law.
The President performed the signing at the President’s office in Abuja Monday.
Signing the document, President Buhari frowned at the increase of the budget submitted to the National Assembly with over N90 billion.
He also said that the reduction of the budgetary allocations by the National Assembly would make it difficult for the government to implements its projects targeted at diversifying the economy.
President Buhari said he will engage with the leadership of the Ninth Assembly whenever it emerges on the concerns of the executive on budget, 2019 budget as the low capital expenditure will depict pressure on the economy
Speaker of the House of Representatives, Yakubu Dogara said concerns raised by the president was to align the appropriation from January to December.
Present at the ceremony were the Senate President, Bukola Saraki who entered after the President had signed the budget, Speaker of the House of Representatives, Yakubu Dogara, Deputy Senate President Ike Ekweremadu, the Chairman of the Senate Committee on Appropriation, Danjuma Goje, the Minister of Budget and National Planning, Udoma Udo Udoma as well as the Senior Special Assistant on National Assembly matters, Senator Ita Enang.
Also present at the ceremony were the Ministers of Finance, Zainab Ahmed and Information, Lai Mohammed, Governor of the Central Bank of Nigeria, Godwin Emefuele, Chief of Staff, Abba Kyari and Secretary to the Government of the Federation, Boss Mustapha.
The National Assembly had earlier passed the 2019 Budget of N8.92trn, as against N8.83trn presented by President Buhari on December 18, 2018.END