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President Muhammadu Buhari has signed the 2023 Appropriation Bill into law.
The President signed the 2023 transition budget in the early hours of Tuesday at the Council Chambers of the Presidential Villa, Abuja.
The budget was signed in the presence of the Vice President, Yemi Osinbajo, Senate President Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.
President Buhari in his speech at the event said his administration would expedite important infrastructure projects across the country as he approaches the end of his tenure on May 29, 2023.
He said that the budget is N21.83 trillion aggregate expenditure, marking an increase of N1.32 trillion over the previous executive proposal of N20.51 trillion.
The Senate President, Ahmad Lawan, had told newsmen over the weekend after a closed-door meeting with Buhari at the Presidential Villa, Abuja that the budget would be signed on Tuesday.
Lawan said, “We are looking forward to Mr President signing the Appropriation Bill 2023, by the grace of God, on Tuesday.
“This is because we signed the documents yesterday, having lost some time because of some anomalous figures we had in the bill presented to the National Assembly.
“But thank God, the National Assembly, in both chambers, has passed the Appropriation Bill 2023 on Wednesday, and I’m sure that Mr. President and his team, on the executive side will work on what we have done. And the first thing on Tuesday, the first official working day of the year, I believe that Mr. President will be signing the Appropriation Bill 2023.”