2023 Budget: Buhari to Forward Borrowing Plan to NASS

President Muhammadu Buhari has said he will forward the comprehensive Borrowing Plan for 2023 to the National Assembly for consideration.

The President made this known after signing the 21.83 trillion naira 2023 Appropriation Bill into law on Tuesday at the State House, Abuja.

He said since the Budget is a deficit one, borrowing has to follow in order to finance the spendings.

The President therefore called on National Assembly leaders who were present at the signing ceremony to give expeditious attention to the Plan when it is submitted.

President Buhari also called on heads of relevant revenue generation agencies to work towards improving their revenue base to able to support the implementation of the Budget.

The President directed MDAs and Government Owned Enterprises (GOEs) to intensify their revenue mobilisation efforts, including ensuring that all taxable organisations and individuals pay taxes due.

To achieve the laudable objectives of the 2023 Budget, the President also said relevant Agencies must sustain current efforts towards the realisation of crude oil production and export targets.

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