President of Nigeria, Muhammadu Buhari has signed the 2023 budget in the midst of Senate President and Assembly Speaker
The 2023 Appropriation Bill has been signed into law by President Muhammadu Buhari.
Buhari signed the 2023 transition budget in the presence of Vice President Yemi Osinbajo, Senate President Ahmad Lawan, House Speaker Femi Gbajabiamila, and other members of the Federal Executive Council on Tuesday morning at the Presidential Villa in Abuja.
Speaking at the ceremony, the President stated that his administration will expedite key infrastructure projects around the country as it raced for the finish line on May 29, 2023.
He stated that the budget totals N21.83 trillion, an increase of N1.32 trillion over the first executive request of N20.51 trillion.
After a closed-door meeting with Buhari at the Presidential Villa in Abuja over the weekend, Senate President Ahmad Lawan told media that the President will approve the 2023 budget on Tuesday.
“We are looking forward to Mr. President signing the Appropriation Bill 2023, with the grace of God, on Tuesday,” Lawan remarked.
“This because we signed the paperwork yesterday, having wasted some time due of certain aberrant data we had in the measure given to the National Assembly.
“But thank God, the National Assembly, in both houses, has passed the Appropriation Bill 2023 on Wednesday, and I’m confident that Mr. President and his staff, on the executive side will work on what we have done.
And I expect Mr. President will sign the Appropriation Bill 2023 first thing on Tuesday, the first formal working day of the year.”