Reports from within the Presidency have indicated that President Muhammadu Buhari will sign the 2018 budget on Wednesday, June 20.
The appropriation bill requires the President’s assent (signature) before it can become a law.
The weekly Federal Executive Council (FEC) meeting for this Wednesday might also not hold due to the budget signing and Public holidays of Friday and Monday.
The Special Adviser to the President on Media and Publicity, Femi Adesina, had informed journalists at the end of FEC meeting last week that the 2018 budget will be signed this week.
It would be recalled that President Buhari had presented the budget proposal of N8.612 trillion to the lawmakers early in 2017, hoping that it would be passed by December of the same year.
The lawmakers took about six months, deliberating and scrutinizing the budget while also accusing ministries, departments, and agencies of frustrating the passage by failing to submit the breakdowns of their budget proposals.
The National Assembly, however, increased the proposal by N508billion bringing it to N9.12 trillion from the original estimate of N8.6 trillion.
The Presidency received the appropriation bill from the National Assembly on May 25 after it was signed by the lawmakers.