JUST IN: Buhari Signs 2023 Budget

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President Muhammadu Buhari has signed the 2023 appropriation bill of N21.83 trillion into law.

The president signed the 2023 transition budget on Tuesday morning at the Council Chambers of the Presidential Villa, Abuja, in the presence of Vice President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.

Speaking during the signing, the president said the signing of the budget at this time was necessary to ensure prompt implementation.

He also urged the National Assembly to reconsider his request of Ways and Means Advances restructuring to the tune of N23.7 trillion.

Recall that the Senate President, Ahmed Lawan, had hinted last week that President Buhari would sign the 2023 appropriation bill on Tuesday.

There was an increase of N1.32 trillion from the N20.51 trillion earlier proposed by the President in the bill he sent to the National Assembly.