President Muhammadu Buhari has concluded plans to send a supplementary budget to the National Assembly.
The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this to our correspondent on Sunday.
Adesina was answering questions on what the Federal Government would do since it had exhausted its borrowing limit in the 2015 budget and the Debt Management Office had continued to issue fresh government bonds and treasury bills.
The presidential spokesman said the Ministry of Finance had already prepared a letter to be sent to the National Assembly, suggesting a supplementary budget for the country.
He said the President was expected to sign the letter once he returns to the country from New York where he is currently attending the 70th United Nations General Assembly.
He said the supplementary budget, once approved, would then empower the DMO.
“A letter has been written to the National Assembly suggesting a supplementary budget and the President will sign the letter when he returns to Nigeria,” he said.
School Of Alternative Dispute Resolution Launches Affiliate Program To Expand Reach
For more information about the Certificate in ADR Skills Training and the affiliate marketing program, visit www.schoolofadr.com, email info@schoolofadr.com, or call +2348053834850 or +2348034343955. _________________________________________________________________
NIALS' Compendia Series: Your One-Stop Solution For Navigating Nigerian Laws (2004-2023)
Email: info@nials.edu.ng, tugomak@yahoo.co.uk, Contact: For Inquiry and information, kindly contact, NIALS Director of Marketing: +2348074128732, +2348100363602.