In an attempt to restore the January to December budget cycle, the federal government will present Nigeria’s 2019 budget to the National Assembly in September.
Daily Trust quoted the Minister of State for Budget and National Planning, Zainab Ahmed, as confirming this during an exclusive interview in Abuja.
The minister was quoted to have said that the federal government had consulted widely with members of the National Assembly with respect to that.
The minister said: “Our aspirations is that we want to meet the requirements of the law to submit it by September but as you know the National assembly is itself away on recess and they resume by September.”
She said the law encourages the executive to submit the budget by September and the idea is that by December, the budget is passed.
The Minister also said the N1.56 trillion spent by the federal government on capital projects was the highest amount ever spent on capital projects in the history of Nigeria.