‘2018 Budget to be passed May 16’ – Senate

The Nigerian senate says the 2018 appropriation bill will be considered and passed on May 16, 2018, bringing an end to a six-month wait after it was presented by President Muhammadu Buhari.

This was disclosed in a press conference Wednesday by Senate spokesman, Aliyu Sabi Abdullahi, who said the lawmakers were ‘putting finishing touches’ to the bill, TheCable writes.

The senate in November postponed debate on the bill because of the 2018-2020 medium term expenditure framework (MTEF), but Abdullahi said they are now ready with the harmonised version.

“It was supposed to be laid this week, but they are putting finishing touches. They are being careful so as not to make mistakes. The report would be laid Tuesday and by Wednesday, we will approve it,” he said.

“The good next thing is that it is the harmonised version (that would be laid). So whatever is laid in the senate would be laid in the house of representatives, and it would be considered and passed same time.”

In view of the randomness in the passage of the budget and disruptions to the economy, the Minister of Finance Kemi Adeosun had announced that the federal executive council would like the country to move to a January-December budget calendar.

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