Economy

BREAKING: Buhari signs 2023 budget into law

The N21.8 trillion 2023 budget has been approved by President Muhammadu Buhari.

 

According to INFOXCLUSIVE, Buhari revealed the information during a live broadcast on Tuesday.

 

The President claimed that by signing, the execution of the 2023 budget will not be delayed.

 

He pleaded with the National Assembly to rethink its judgment over his administration’s request for a N23.7 trillion “ways and means” loan.

 

Additionally, Buhari gave the government’s Ministries, Departments, Agencies, and institutions the order to speed up the process of revenue generation.

 

“As this administration draws to a close, we will accelerate the implementation of critical measures aimed at further improving the Nigeria business environment and ensuring the welfare of our people,” he stated.

 

The Senate had previously approved the budget for the 2023 fiscal year.

 

Buhari proposed the budget in October, but it was increased to N21.8 trillion from N20.5 trillion.

 

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