The presentation of the 2017 Budget to a joint session of the National Assembly by President Muhammadu Buhari has been delayed till 2pm.
The delay was announced by the senate via @nassnigeria and retweeted by Bamikole Omisore, special adviser to the Senate president on new media using its handle @NGRSenate.
2017 Budget presentation by @NGRPresident scheduled to take place at the National Assembly has been moved to 2pm,today, Wed. 14th Dec.2016
— National Assembly (@nassnigeria) December 14, 2016
2017 Budget presentation by @NGRPresident has been moved to 2pm today.
— Bamikole Omisore (@MrBanksOmishore) December 14, 2016
It was believed that President Buhari is just returning from his trip to Gambia.
By 2pm, the president will be accompanied to the National Assembly by top federal government functionaries to lay the document which will be the second since he assumed office in May 2015.
The House of Representatives on Tuesday adopted the 2017 to 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), the same document the upper chamber described as empty and document of fraud.
While the Nigerian Senate said the initial N290 per dollar exchange rate is unrealistic when the Naira is currently at N305 and N480 per dollar at the official and black market segments of the forex.