President Buhari signs Nigeria’s record $29.8 billion budget into law

Nigeria’s President Muhammadu Buhari signed the country’s record 9.12 trillion naira ($29.8 billion) 2018 budget into law on Wednesday, a presidency spokesman said, capping months of delays now typical for spending plans under the current administration.

Nigeria’s parliament, the National Assembly, passed the budget last month. The total sum is higher than the 8.6 trillion naira spending plan presented to parliament by Buhari in November because lawmakers increased the assumed oil price to $51 per barrel from $45.

Buhari “has signed as approved by National Assembly, but will seek amendments with National Assembly later,” the spokesman told Reuters in Abuja.

Please follow and like us:

Related posts

Vineyard Worship UK & Ireland Release ‘Legacy – Live From Ireland

Vineyard Worship UK & Ireland Release 'Legacy - Live From Ireland


Vineyard Worship UK & Ireland Release 'Legacy - Live From Ireland

Vineyard Worship UK & Ireland Release 'Legacy - Live From Ireland'    Find out more at: vineyardchurches.org.uk/worship 'Legacy - Live From Ireland' is a powerful new live EP from Vineyard Worship UK & Ireland, that was captured at the inaugural gathering of Irish...

Dr. Adjei passing: NDC cancels Flagbearer induction ceremony, NEC meeting

Dr. Adjei passing: NDC cancels Flagbearer induction ceremony, NEC meeting


Dr. Adjei passing: NDC cancels Flagbearer induction ceremony, NEC meeting

The opposition National Democratic Congress (NDC) has postponed its NEC Meeting and Induction Ceremony of the Flagbearer scheduled for Wednesday. This follows the passing of its former National Chairman, Dr. Kwabena Adjei at the Greater Accra Regional Hospital after a short illness in the...

Juventus share price makes huge jump after Ronaldo’s Champions League heroics

Juventus share price makes huge jump after Ronaldo's Champions League heroics


Juventus share price makes huge jump after Ronaldo's Champions League heroics

Juve celebrate Ronaldo's third goal (Image: Getty Images)   Ronaldo’s latest Champions League heroics led to a huge rise in Juventus' share price when the markets opened on Wednesday morning. The Bianconeri were staring at a last 16 exit at the hands of Atletico Madrid ahead of...

Leave a comment