AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.80 Increased By ▲ 3.27 (2.52%)
BOP 6.86 Increased By ▲ 0.18 (2.69%)
CNERGY 4.59 Decreased By ▼ -0.04 (-0.86%)
DCL 8.84 Decreased By ▼ -0.10 (-1.12%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.98 Increased By ▲ 0.21 (0.64%)
FFBL 77.29 Increased By ▲ 1.82 (2.41%)
FFL 12.19 Increased By ▲ 0.72 (6.28%)
HUBC 110.35 Decreased By ▼ -0.20 (-0.18%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.55 Increased By ▲ 0.16 (2.97%)
KOSM 8.30 Decreased By ▼ -0.10 (-1.19%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.23 Increased By ▲ 1.31 (0.83%)
PRL 26.21 Decreased By ▼ -0.52 (-1.95%)
PTC 18.31 Decreased By ▼ -0.15 (-0.81%)
SEARL 82.23 Decreased By ▼ -0.21 (-0.25%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.45 Decreased By ▼ -0.06 (-0.17%)
TPLP 8.99 Decreased By ▼ -0.07 (-0.77%)
TREET 16.89 Decreased By ▼ -0.58 (-3.32%)
TRG 59.48 Decreased By ▼ -1.84 (-3%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,608 Increased By 201.7 (1.94%)
BR30 31,892 Increased By 178.5 (0.56%)
KSE100 98,991 Increased By 1662.7 (1.71%)
KSE30 30,791 Increased By 599 (1.98%)

Nigerian President Muhammadu Buhari on Wednesday signed the 2018 budget into law, more than six months after it was first presented to parliament.
Buhari approved the 9.1-trillion-naira ($25 billion, 22-billion-euro) spending plan, which is designed to boost economic growth after the country's worst recession in over two decades. He wrote on Twitter that he had signed it "in order not to further slowdown the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget".
But he said he was "concerned" about some of the changes the National Assembly made to the proposals he first presented back in November last year.
"It is my intention to seek to remedy some of the most critical of these issues through a supplementary and/or amendment budget which I hope the National Assembly will be able to expeditiously consider," he added.
Delays in passing government budgets have become a feature in Nigeria but experts said it had already done damage. "The economy has been operating rather in a rudderless manner," said economist Eze Onyekpere, from the Centre for Social Justice in Abuja.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.