JUST IN : Osibanjo Signs N7.441 Trillion 2017 Budget Into Law


Nigeria’s Acting President, Prof. Yemi Osinbajo on Monday signed the 2017 budget of N7.441 trillion into law. This puts to rest speculations that Osinbajo might have been delaying the signing of the budget to wait for Buhari’s return.

Recall that the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed  in a two-paragraph statement on Monday that Buhari had directed Osinbajo to go ahead and sign the 2017 Appropriation Bill into law.

The statement read, “Following the receipt of a full brief on the 2017 Appropriation Bill as passed by the National Assembly, and to buttress the unity at the highest level of government, President Muhammadu Buhari has indicated that it is in the interest of the nation’s economy for the Acting President, Professor Yemi Osinbajo, to sign the Appropriation Bill into law.

“In a letter dated June 10, 2017, which he personally signed and addressed to the Minister of Budget and National Planning, Senator Udoma Udo Udoma, the President also said he was ‘pleased by the joint resolution that the Executive would submit next year’s budget proposals by October 2017 and the National Assembly will conclude the Appropriation process by December 2017, so that the country can return to a normal fiscal period from next year onwards.’”

The signing of the 2017 Appropriation Bill into law, comes over threes weeks after it was passed by the National Assembly.

Details later…

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