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
01:06
Nigeria: Religious leaders unite for social peace in West Africa
01:09
South Africa: Beauty Queen Chidimma Adetshina fights deportation
02:21
The Nigerian fishing community being eaten up by the Atlantic
02:13
Nigeria's rescued kidnap victims face physical and psychological toll
00:52
US Senate votes to extend AGOA trade programme for 32 African nations
11:19
Decoding Nigeria’s crypto shift and transforming diaspora cash into capital {Business Africa}