2023 Budget: Why Buhari Will Delay Signing

President Muhammadu Buhari will receive the 2023 Appropriation Bill after the Christmas holiday for him to sign.

The National Assembly had planned to send the bill to the president for his signature before the Christmas and New Year holidays.

But that’s no longer feasible sources in NASS said.

The development is contrary to the earlier promise by the President of the Senate, Ahmad Lawan; and Speaker of the House of Representatives, Femi Gbajabiamila, that the Bill will be forwarded to Buhari on Thursday for Buhari to sign.

What this means, financial experts say is that the January-December budget cycle can no longer be maintained.

For instance, after the Bill is passed to the president, the budget of some relevant ministries and parastatals  would still have to scscrutinise before the president spends his signature.