“However, the 2019 Budget I will be signing into law today provides for aggregate expenditures of N8.92 trillion. This is an increase of N90.33 billion over our submission,” he said. The president said the increase reflects changes introduced by the National Assembly.
President Muhammadu Buhari on Monday signed this 2019 budget into law, saying that he would engage the leadership of the Ninth National Assembly to correct the changes made to the document.
He said that the changes introduced into the fiscal document by the National Assembly under the Eighth Assembly would affect its implementation.
President Buhari, while signing the fiscal document at the Presidential Villa, Abuja, said the National Assembly reduced some of the proposals and increased others.
The brief budget signing ceremony was attended by Vice President Yemi Osinbajo, Speaker of the House of Representatives Yakubu Dogara, Deputy Senate President Ike Ekweremadu, among other lawmakers.
A media report has it that the Senate President Bukola Saraki arrived at the end of the signing ceremony.
The President said he would engage the leadership of the ninth assembly to address the concerns in the budget passed by the parliament.
President Buhari said he proposed a total expenditure of N8.83 trillion to the National Assembly for appropriation targeting strategic and impactful projects and initiatives.
“However, the 2019 Budget I will be signing into law today provides for aggregate expenditures of N8.92 trillion. This is an increase of N90.33 billion over our submission,” he said.
The president said the increase reflects changes introduced by the National Assembly.
