President Muhammadu Buhari on Tuesday morning signed the 2023 Appropriation Bill of N21.83trillion into law.
The Senate President, Ahmed Lawan, had hinted last week that barring any last minute changes, Buhari would sign the 2023 appropriation bill on Tuesday.
Lawan had confirmed this to State House correspondents on Friday after a closed-door meeting with Buhari at the Presidential Villa, Abuja.
He had revealed that he discussed some national issues with Mr Buhari, including the president’s recent additional loan request, the legislature’s support to the Independent National Electoral Commission (INEC) ahead of the general elections and the 2023 Appropriation Bill.
Buhari signed the 2023 transition budget Tuesday morning at the Council Chambers of the Presidential Villa, Abuja, in the presence of Vice President Yemi Osinbajo, Senate
President Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.
Read Mr Adesina’s full statement below.
STATE HOUSE PRESS RELEASE
PRESIDENT SIGNS N21.83 BUDGET INTO LAW, SAYS ADEQUATE PROVISIONS MADE FOR 2023 GENERAL ELECTIONS, TRANSITION PROGRAMME, OTHERS
President Muhammadu Buhari on Tuesday in Abuja signed the 2023 Budget of N21.83 trillion along with the 2022 Supplementary Appropriation Bill into law.
Speaking at the signing of the eighth and final annual budget of this Administration, the President said the aggregate expenditures of N21.83 trillion, is an increase of N1.32 trillion over the initial Executive Proposal for a total expenditure of N20.51 trillion.
The President explained that th 2022 Supplementary Appropriation Act would enable the administration to respond to the havoc caused by the recent nationwide floods on infrastructure and agriculture sectors.
As is customary, he said the Minister of Finance, Budget and National Planning will subsequently provide more details of the approved budget and the supporting 2022 Finance Act.
”We have examined the changes made by the National Assembly to the 2023 Executive Budget proposal.
”The amended fiscal framework for 2023 as approved by the National Assembly shows additional revenues of N765.79 billion, and an unfunded deficit of N553.46 billion.