Pres. Buhari To Present 2023 Budget In October, Maintain Fiscal Year

President Muhammadu Buhari has concluded on presenting the proposed N19.76 trillion budget for the 2023 calendar year to the National Assembly next month. 

The presentation is expected in the first week of October, to ensure the continuation of fiscal year budget implementation between January to December 2023.

Speaker of the House of Representatives, Femi Gbajabiamila, revealed this on Wednesday during an inspection of the National Assembly complex under renovation, but expected to be completed in August 2023, although by September 20, 2022, the temporary chamber is scheduled for completion the House plenary resumes. 

“I am hoping that the budget will be presented by the first week of October.” Gbajabiamila said, adding that the work on the complex started in August, but was few weeks behind schedule. 

He explained that, “So far between August and now, giant strides have been made; you can see the whole chamber has been ripped apart, and the innovations are going to be state-of-the-art. 

“We will be proud to have a chamber that matches the best standard all over the world; so I am quite impressed with the work so far. 

“I would encourage them to double the pace because, as it is, this is not for the benefit of the 9th Assembly but for the benefit of the 10th Assembly. The whole chamber isn’t going to be ready until sometime in August next year; so we are talking close to a year, and that tells you the level of work that is going on. 

“So far so good, we are happy and this temporary site where we will be sitting for the next 9-10 months, is obviously a far cry from where we used to be.”