BREAKING: National Assembly passes 2018 Budget

BREAKING: National Assembly passes 2018 Budget

The National Assembly has passed the 2018 Budget.

The passage was made on Wednesday, barely a day after the report on it was submitted by the appropriation committees of both the House of Representatives and the Senate.

It is a N9.21 trillion budget, showing an increase of N508 billion compared to the N8.6 trillion presented by President Muhammadu Buhari to the Legislature.

The Chairman of the Senate Committee on Appropriations, Danjuma Goje, said the increase was done after due consultation with the Executive arm of government.

The reason for the increase, he explained, was the decision to increase oil benchmark from the proposed N45 to N51.

The passage of the bill was expected to have come long before now, as it was presented to the National Assembly by President Muhammadu Buhari since November last year.

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However, activities over the budget were delayed.

The National Assembly blamed the delay on the Ministries, Departments and Agencies (MDAs) who were said to have refused to submit details of the budget proposals.

They were also said to have refused to appear before the committees working on the budget.

At a point, the leadership of the National Assembly met President Buhari over the delay and informed him about the alleged refusal of some of the agencies to co-operate.

Buhari, at that point intervened and directed the agencies affected to submit the necessary documents to aid the completion of work on the budget.

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