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HomeTop NewsPresident Buhari to present N19.76 trln 2023 budget 1st week of Oct

President Buhari to present N19.76 trln 2023 budget 1st week of Oct

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Barring all unforeseen circumstances,  President Muhammadu Buhari is expected to present the 2023 budget to the National Assembly in October, according to the Speaker of the House of Representatives, Femi Gbajabiamila.

In August, the finance minister and budget, Zainab Ahmed said the country may likely propose an aggregate expenditure of N19.76 trillion for the 2023 fiscal year.

Gbajabiamila said this when he addressed newsmen shortly after inspecting hearing rooms 028 and 234 of the House, which was expected to serve as the temporary chamber due to the ongoing renovation of the House complex in Abuja on Wednesday.

“I am hoping that the budget will be presented latest by the first week of October,” he said.

The speaker said that configuration of the temporary chamber would be done, ahead of the Sept. 20 date for the resumption of the plenary.

“You can see the configuration, it is not just this place and it is also upstairs. So, I think it is about 100 and something here and about 200 and something upstairs.

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“It has been configured in such a way that everything is connected and you can see the screens, I can see everybody upstairs, everybody presiding can see everybody upstairs and can see everybody downstairs.

“Where we are right now, it will be ready on Tuesday, this work started in August, and it started a few weeks behind time but for a good reason.

“So far, between August and now, giant strides have been made. You can see the old chamber has been ripped apart,” he said.

Gbajabiamila added: “We will at the end of the day be proud to have a chamber that will match the best standard all over the world; I am quite impressed with the work so far and I will encourage them to double the pace.” he said.

He said that the renovation was largely for benefit of the incoming 10th Assembly as the main chamber was not going to be ready until August 2023.

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