Nigeria
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.
“We will sign it off on Tuesday,” Mohammed told Reuters on the sidelines of a visit to London.
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.”
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.
REUTERS
01:47
Environmental Volunteering: Activists gather in Lagos ahead of World Earth Day
00:39
Nigerian chess master plays for 60 hours in bid to set new world record
01:28
Nigeria's crude oil output goes down again in March - OPEC
01:05
A Nigerian chess champion is trying to break the world record for the longest chess marathon
01:02
Pics of the day: April 15, 2024
02:24
Zimbabweans forced to use US dollar in absence of new currency ZiG