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Nigeria's Buhari will sign off 2018 budget on Tuesday, minister says

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Nigeria's Buhari will sign off 2018 budget on Tuesday, minister says

Nigerian President Muhammadu Buhari
Photo by Reuters
Nigerian President Muhammadu Buhari

15th June 2018

By: Reuters

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Nigerian President Muhammadu Buhari will sign the government's long-delayed budget into law on Tuesday, Information Minister Lai Mohammed said on Friday.

In May, Nigeria's parliament passed a record 9.12-trillion naira ($28.95-billion) budget for 2018 aimed at boosting growth eight months before the country's next presidential election. But it still needs to be returned to Buhari to be signed into law.

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"We will sign it off on Tuesday," Mohammed told Reuters on the sidelines of a visit to London.

The total sum laid out in the spending plan passed by the Senate is higher than the 8.6-trillion-naira budget presented to parliament by President Muhammadu Buhari in November.

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Mohammed said he expected the delay would have little effect on government projects.

"Even once a budget is passed, there are still processes, due diligence to be done ... this takes time."

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