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    Buhari sends N228.9bn supplementary budget to NASS

    Chronicle EditorBy Chronicle EditorJuly 18, 2018No Comments2 Mins Read
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    President Muhammadu Buhari presents N10.33trn budget to the National Assembly
    President Muhammadu Buhari presents N10.33trn budget to the National Assembly
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    President Muhammadu Buhari has presented 2018 supplementary budget to the national assembly on Tuesday
    President Muhammadu Buhari has presented 2018 supplementary budget to the national assembly on Tuesday

    Nigerian President Muhammadu Buhari submitted a 228.9 billion naira supplementary budget for 2018 to the national assembly on Tuesday after a six-month delay in getting the main budget approved.

    In a letter accompanying the draft supplementary budget, Buhari said implementing the main 9.12 trillion naira ($29.92 billion) budget for the year “will be extremely challenging,” without elaborating.

    Buhari’s administration has struggled to pass its annual budgets, some delayed by as much as half a year, as lawmakers and the presidency have waged politically charged battles over items like infrastructure projects.

    READ: Universal Music Group to open Nigeria office

    Parliamentary deputies often vie to cut federal projects – much to the ire of the presidency – and add others in their own constituencies, seeking to win votes in the run-up to elections.

    The new supplementary budget includes 164 billion naira to prepare for the 2019 elections and 64.7 billion to reinstate projects cut by lawmakers from the main 2018 budget, signed into law last month after over a half a year of wrangling.

    Nigeria, Africa’s biggest energy producer and most populous country, next goes to the polling booths in February 2019 when Buhari will seek a second term against a divided opposition.

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