After about 24 hours of raging media speculations that President Muhammadu Buhari will likely sign the 2018 Appropriation Bill yesterday, the Presidency has confirmed that the bill would be assented to next week.
The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, gave the confirmation when he briefed State House correspondents on the outcome of the Federal Executive Council (FEC) meeting held at the Presidential Villa, Abuja.
He said: “The position on the 2018 budget is that it will be signed next week.
“You will be told the specific date, but one thing we are sure of is that the budget will be signed next week,’’ Adesina said.
The Presidency had on May 25 confirmed the receipt of the 2018 Appropriation Bill from the National Assembly.
The passage of the bill, after the lawmakers had jacked its provisions up from the N8.612 trillion laid before the joint session of the National Assembly on November 7, 2017 by the President to N9.12 trillion, came after more than six months of deliberations.
The legislators also increased the crude oil benchmark price to $50.5 per barrel, up from the $45 per barrel proposed by the Executive arm of government.