2008 Budget

President Umaru Musa Yar’Adua will today, sign the 2008 Appropriation Bill into law.

The N2.748 trillion Appropriation Bill had suffered three set-backs.

The first delay was caused by the National Assembly when both chambers passed different figures and had to harmonise their figures before forwarding it to the President for his assent.

Yar'Adua however returned the harmonised bill with a letter asking the National Assembly to reconsider eight observations raised by him.

He also refused to sign the bill after the legislature had reviewed the budget in line with his request.

The National Assembly had threatened to override the president's veto but the process was stopped by the Senate President, Senator David Mark.

This is a good news as all those contractors giving excuses of non-passage of budget can get cracking.