Senate President Bukola Saraki
says the 2018 budget which the national assembly passed last week will get to
President Muhammadu Buhari on Friday.
Saraki said this on Thursday when
he led federal lawmakers to break the day’s fast with Buhari at the
presidential villa in Abuja.
He attributed the delay to the
harmonisation of the budget by both chambers of the national assembly.
On Wednesday, Udo Udoma, minister
of budget and national planning, said the delay in transmitting the budget to
the president would have negative impact on the economy.
“The president is yet to receive
the budget it is therefore, impossible to make a statement about the budget
that has not been received,” Udoma had told reporters.
“Once we get it, we will work
very quickly on it. When it is submitted, I am sure the national assembly
themselves will inform Nigerians.”
On May 16, the national assembly
approved the budget, six months after it was submitted by the president.
While the lawmakers raised the
price of oil benchmark from $45 to $51, they maintained oil production at 2.3
million barrels per day and exchange rate at N305 to a dollar.
The budget was raised from 8.6
trillion to 9.1 trillion.
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