President Muhammadu Buhari will on Tuesday, January 3, 2023, sign the 2023 appropriation bill into law. Ahmad Lawan, senate president, made the disclosure to state house correspondents after meeting with the president.
This comes two days after lawmakers in the house of representatives and senate passed a budget of N21.83 trillion for the 2023 fiscal year. The two chambers of the national assembly increased the budget spending by N1.33 trillion from the proposed N20.51 trillion to N21.83 trillion.
The senate president expressed regret that the 2023 budget signing is happening a bit later than that of 2022 which was signed on December 31, 2021.
According to Lawan, with the January to December budget cycle adopted and maintained by the 9th Assembly, the delay of one week was due to anomalies discovered by the legislature in the budgetary documents submitted by the executives. He also said the upcoming general elections were part of the national issues that were discussed