The Budget and National Planning Minister, Senator Udoma Udo Udoma . Facebook
Minister of Budget and National Planning, Senator Udoma Udo Udoma, has hinted that President Muhammadu Buhari may not assent to the 2018 finances just lately raised to N9.1 trillion by the National Assembly with extra N501 billion.
In a chat with Daily Sun, Special Adviser on Media to the Minister, Akpandem James, mentioned the N501 billion addition by the legislature may not be possible.
Udoma also stated that the National Assembly must inform Nigerians if they've found one other income stream unknown to the Federal Government to cowl the increase.
“My brother, when we see the details, we will be in a better position to know how they came about it. We will see if they have discovered another revenue stream, which we were not aware of, or just relying on increased crude oil price,” he mentioned.
The Appropriation Bill was elevated from the N8.612 trillion proposed by President Muhammadu Buhari, to N9.12 trillion. The crude oil benchmark value of the finances was additionally elevated from $45 to $50.5.