The 2023 budget proposal has received approval from the Federal Executive Council (FEC) for presentation to the National Assembly.
This was confirmed by Mr. Femi Adesina, the President’s Special Advisor on Media and Publicity, in remarks to reporters at the State House following the Council meeting on Wednesday.
President Muhammadu Buhari presided over the meeting in the Council Chamber of the Presidential Villa in Abuja.
The president will present the budget proposal at a joint meeting of the National Assembly on Friday, according to the presidential adviser.
He said: “It was virtually a one item Federal Executive Council meeting in which the budget proposals for 2023 was presented and discussed at length.
“That budget proposal would be taken to the National Assembly on Friday morning by the President.’’
Adesina, however, declined to give details of the Council’s decision, “as a mark of respect for the National Assembly.
“It will not be proper to begin to discuss the content of what will be officially presented on Friday.
“We want to give the National Assembly the honour of receiving it first then there will be a breakdown on a later date by the Minister of Finance.’’