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President Muhammad Buhari signed the 2019 Budget on Monday 27,May, 2019 tagged “BUDGET OF CONTINUITY”
He extend his greetings and acknowledge the suport of his Ministries before signing the budget of #8.92 trillion and also promise to achieve to country goals.
He said “As you are all aware, some weeks ago, the National Assembly passed the 2019 Appropriation Bill which I will be signing into law today.
” I would like to use this opportunity to thank the leadership of the National Assembly and indeed all the Distinguished and Honourable Members for all the hard work they put in to get us here.”
” You will all recall that in December 2018, I presented our 2019 budget proposal with the theme “Budget of Continuity”. Our goal was to use this budget to move the economy further on the path of inclusive, diversified and sustainable growth.”
” Back then, I proposed a total expenditure of N8.83 trillion to the National Assembly for appropriation targeting strategic and impactful projects and initiatives.”
“The 2019 Budget I will be signing into law today provides for aggregate expenditures of N8.92 trillion. This is an increase of N90.33 billion over our submission.”
“This increase reflects changes introduced by the National Assembly. In some areas, expenses we proposed were reduced while in other areas they were increased. There were also certain areas where new additions were introduced into the budget.”
“However, some of these changes will adversely improve our programs making it difficult for us to attain the objectives of the Economic Recovery and Growth Plan (ERGP).”
“It is my intention to continue and engage the National Assembly to ensure we deliver according to our promises. I will therefore be engaging with the leadership of the ninth National Assembly, as soon as they emerge, to address some of our concerns with this budget.”
“We will also look at how to improve the budget process so that, among other things, we can speed up budget consideration processes and return the country to the January to December fiscal year timetable.”
“I wish to concede the efforts of the Minister of Budget and National Planning, the Minister of Finance.”
He also promise to improve security in Nigeria has insecurity is the architect of Nigerians sorrow.