Nigerian President Muhammadu Buhari is expected to sign the government’s long-delayed budget into law on Tuesday. This is according to Information Minister Lai Mohammed who was speaking to Reuter’s news agency on the sidelines of a visit to London on Friday.
“We will sign it off on Tuesday,” Mohammed told Reuters on the sidelines of a visit to London.
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; however it still needs to be returned to Buhari to be signed into law
The total sum laid out in the spending plan passed by the Senate is said to be higher than the 8.6 trillion-naira budget presented to parliament by President Muhammadu Buhari in November.
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.