Nigeria’s acting President Yemi Osinbajo on Monday signed the 2017 Appropriation bill into law, one month after it was passed by the National Assembly.
In a short ceremony that took place inside the presidential villa, Osinbajo commended the National Assembly members for work done on the 2017 budget.
The budget, which was presented in December 2016 before the two chambers of the national assembly by President Buhari, had an estimate of N7.28 trillion but was raised to N7.44 trillion by the Federal lawmakers.
Details of the budget showed that N434.4 billion was appropriated for statutory transfers to the National Judicial Council (N100 billion); Niger Delta Development Commission (N64.02 billion); Universal Basic Education (N95.2 billion); National Assembly (N125 billion); Public Complaints Commission (N4 billion); INEC (N45 billion); and National Human Rights Commission (N1.2 billion).
The signing ceremony was witnessed by the President of Senate, Bukola Saraki, Speaker of the House of Representatives, Honourable Yakubu Dogara and Special Adviser on National Assembly Matters to the President, Senator Ita Enang.
Others are; the minister of Budget and National Planning, Udoma Udo Udoma, his finance Counterpart, Kemi Adeosun and the Chief of Staff to President Muhammadu Buhari, Abba Kyari.
Osinbajo’s decision to sign the Budget followed a letter from President Muhammadu Buhari directing him to do so.