The N21.8 trillion budget for 2023 has been signed into law by President Muhammadu Buhari.
Buhari revealed it during a live broadcast on Tuesday, according to DAILY POST.
According to the President, the signing will prevent delays in the implementation of the 2023 budget.
He encouraged the National Assembly to reevaluate its decision about his administration’s request for a N23.7 trillion loan through “ways and means.”
Buhari also gave orders to the government’s Ministries, Departments, Agencies, and other institutions to speed up the process of revenue creation.
“As this administration draws to a close, we will accelerate the implementation of critical measures aimed at further improving the Nigeria business environment and ensuring the welfare of our people,” he stated.
Earlier, the Senate passed the budget for the 2023 fiscal year.
The budget was increased from N20.5 trillion, presented by Buhari in October, to N21.8 trillion.
