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President Buhari Presents 2018 Budget To N’assembly Today

President Buhari Presents 2018 Budget To N’assembly Today
November 07
08:43 2017

President Muhammadu Buhari will present the 2018 Appropriation Bill to a joint session of the National Assembly today (Tuesday).

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The 2018 budget proposal presentation is scheduled to hold at 2pm.

The Federal Government plans to spend about N8.6tn next year, a jump of about 15 per cent from the N7.44tn budgeted for the current year.

The figures were contained in the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper, which Buhari had earlier sent to the National Assembly in compliance with the provisions of the Fiscal Responsibility Act, 2007.

The PUNCH, however, gathered that leaders of both the Senate and the House of Representatives were making last minute efforts to prevent drama during the presentation.

A source in the Senate, who spoke on condition of anonymity, disclosed on Monday that both the President of the Senate, Bukola Saraki; and Speaker of the House of Representatives, Yakubu Dogara, held series of meetings with members of both chambers to douse the brewing tension since Buhari’s letter informing the lawmakers of the presentation last week.

The source informed one of our correspondents that some members of the House of Representatives specifically had made moves to prevent Buhari from laying the budget proposal today, while calling for postponement of the presentation.

Leaders of both chambers were said to have begun a massive lobbying of the lawmakers, especially the aggrieved ones, and held meetings with them simultaneously on Monday.

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