President Muhammadu Buhari has
cried out that it would be difficult to implement the 2018 budget because of
the changes made by the National Assembly.
The President, after much wait,
signed the budget on Wednesday.
Buhari who said that the budget
will be used to consolidate the achievement of previous budgets, added that he
was worried about some of the changes made by the lawmakers on the budget he
presented to them on Nov. 7 2017.
He said, ” The National Assembly
made cuts amounting to 347 billion Naira in the allocations to 4,700 projects
submitted to them for consideration and introduced 6,403 projects of their own
amounting to 578 billion Naira.
“I note, with pleasure, that the
National Assembly is working on the enactment of an Organic Budget Law, so as to
improve the efficiency of the nation’s budgetary process.
“As I mentioned during the
presentation of the 2018 Appropriation Bill, we intend to use the 2018 Budget
to consolidate the achievements of previous budgets and deliver on Nigeria’s
Economic Recovery and Growth Plan (ERGP) 2017-2020.
“It is in this regard that I am
concerned about some of the changes that the National Assembly has made to the
budget proposals that I presented. The logic behind the Constitutional
direction that budgets should be proposed by the Executive is that, it is the
Executive that knows and defines its policies and projects.
“Unfortunately, that has not been
given much regard in what has been sent to me. The National Assembly made cuts
amounting to 347 billion Naira in the allocations to 4,700 projects submitted to
them for consideration and introduced 6,403 projects of their own amounting to
578 billion Naira.
“Many of the projects cut are
critical and may be difficult, if not impossible, to implement with the reduced
allocation. Some of the new projects inserted by the National Assembly have not
been properly conceptualized, designed and costed and will therefore be
difficult to execute. “
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