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Acting President Osinbajo Signs #Budget2017

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Acting President Yemi Osinbajo signing the 2017 Appropriation Act into law at the Presidential Villa in Abuja on Monday (12/6/17). With him from left are: Senate President Bukola Saraki; Speaker, House of Representatives, Yakubu Dogara; Senior Special Assistant to the President on National Assembly Matters (Senate), Sen. Ita Enang; Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Suleiman Kawu; Minister of Budget and National Planning, Sen. Udoma Udo Udoma; Chief of Staff, Alhaji Abba Kyari; and Minister of Finance, Mrs Kemi Adeosun.
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Acting President Yemi Osinbajo has signed the 2017 Appropriation Bill into law.

Osinbajo made the announcement via Twitter on Monday.

PIC 20. Acting President Yemi Osinbajo signing the 2017 Appropriation Act into law at the Presidential Villa in Abuja on Monday (12/6/17).
03180/ 12/6/2017/Callistus Ewelike/BJO/NAN

The event was attended by leaders of the National Assembly, Senate President Bukola Saraki, House Speaker Yakubu Dogara, as well as members of the Federal Executive Council.

The National Assembly on May 11, passed the 2017 Appropriation Bill, raising the figure from N7.30 trillion presented by President Muhammadu Buhari on December 14, 2016, to N7.44 trillion.

In the approval, Statutory Transfers got N434 billion, N1.8 trillion for Debt Servicing, N177.5 billion for Sinking Fund for Maturity Bonds and N2.99 trillion for Recurrent Non-Debt Expenditure.

Contribution to the Development Fund for Capital Expenditure, exclusive of the capital expenditure in statutory transfers for the year ending December 31, 2017, got N2.2 trillion.

The chamber pegged crude oil production for the budget at 2.2 million barrels per day, with foreign exchange rate of N305 to a dollar.

Pic.23. Senate President Bukola Saraki (L) congratulates the Acting President Yemi Osinbajo after Osinbajo signed the 2017 Appropriation Act into law at the Presidential Villa in Abuja on Monday (12/6/17). With them are: Senior Special Assistant to the President on National Assembly Matters (Senate), Sen. Ita Enang; Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Suleiman Kawu; Minister of Budget and National Planning, Sen. Udoma Udo Udoma; and Chief of Staff, Alhaji Abba Kyari.
03183/ 12/6/2017/Callistus Ewelike/BJO/NAN

6 Comments

  1. samali james

    June 12, 2017 at 6:09 pm

    nice one

  2. Suga

    June 12, 2017 at 6:33 pm

    Biko nu, where in the world has Nigerias president being for crying out loud ooo! !Na so we go dey dey?

    • Bad gang

      June 12, 2017 at 7:03 pm

      Nigeria currently has no president…not even an acting president…just a ruling council made up of retired military officers (pre 1999/4th repiblic retired )

  3. Bad gang

    June 12, 2017 at 7:04 pm

    Republic**

  4. nwa nna

    June 12, 2017 at 9:33 pm

    And all the vultures look on smiling because they know it’s feeding time. SMH

  5. Victor Adegoke

    June 13, 2017 at 8:20 am

    The. 2017 Budget signed by June, What a Country!

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