BREAKING NEWS: Buhari signs 2018 budget into law

President Muhammadu Buhari has signed the country’s record 9.12 trillion naira (($29.8 billion) 2018 budget into law, a presidency spokesman said, capping months of delays now typical for spending plans under the current administration.

President Muhammadu Buhari addresses the 72nd United Nations General Assembly at U.N. headquarters in New York, U.S., September 19, 2017.

The National Assembly, passed the budget last month. The total sum is higher than the 8.6 trillion naira spending plan presented to parliament by Buhari in November because lawmakers increased the assumed oil price to $51 per barrel from $45.

Buhari “has signed as approved by National Assembly, but will seek amendments with National Assembly later,” the spokesman told Reuters in Abuja.