FEC meeting postponed till Thursday to prepare bill
The postponement is due to final arrangements being made to the 2018 Appropriation Bill.
Recommended articles
According to the presidency's official Twitter account, , the postponement is due to final arrangements being made to the 2018 Appropriation Bill.
The account posted, "Federal Executive Council (FEC) Meeting will hold tomorrow, Thursday Oct 26. Agenda is , which is currently being finalized."
The Federal Government has severally promised to present the bill to the National Assembly in October 2017 to restore the budget calendar to January through to December.
ADVERTISEMENT
The 2017 bill was not passed into law until June this year, when Acting President, Yemi Osinbajo signed the N7.44 trillion Budget of Economic Recovery and Growth.
In July, the Minister of Budget and National Planning, Udoma Udo Udoma revealed that the 2018 appropriation bill will be around N7.9 trillion.
However, there have been other reports stating that the proposed amount is N8.6 trillion, a 15 percent increase from the 2017 budget.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
ADVERTISEMENT
![Polling clerks counted votes at a polling station after completing the voting process of the general election in Abuja, Nigeria, on February 25, 2023. [Getty Images]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Polling clerks counted votes at a polling station after completing the voting process of the general election in Abuja, Nigeria, on February 25, 2023. [Getty Images]")