The Nigerian President, Muhammadu Buhari has accused the National Assembly of padding the 2023 Appropriation Bill with N770 billion and N58.55 billion amid the country's N44.06 trillion public debt burden. Buhari claimed that the Senate and House of Representatives both added new projects to the 2023 budget proposal for which it has appropriated N770.72 billion on Tuesday when he announced his assent to the bill.
President Buhari Accuses Senate, House Of Reps Of Padding 2023 Budget By N830 Billion Amid Debt BurdenHe also stated that the National Assembly also increased the Ministry, Department, and Agency provisions by N58.55 billion, pushing the addition to N830 billion.
He also stated that the National Assembly also increased the Ministry, Department, and Agency provisions by N58.55 billion, pushing the addition to N830 billion. It is clear that that National Assembly and the executive need to capture some of the proposed additional revenue sources in the fiscal framework. This must be rectified.
He continued, “Nevertheless, considering the imminent transition process to another democratically elected government, I decided to sign the 2023 Appropriation Bill into law as passed by the National Assembly to enable its implementation to commence without delay. Meanwhile, the country’s public debt rose to N44.06 trillion in the third quarter of 2022 as it continues with a repayment burden.
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