2019 General Elections Will Cost N242.4bn, Buhari Tells NASS
President Muhammadu Buhari has said that the 2019 general elections will be costing about 242.4 billion Naira. The President said this on Tuesday in a letter sent to the National Assembly, seeking that the funds be drawn from the 2018 and 2019 budgets. In the letter he explained that implementing a budget of 9.12 trillion Naira for 2018 will be extremely challenging and does not consider it expedient, to increase it to accommodate the funds needed for the 2019 general elections.
He had earlier criticised the National Assembly for reducing allocations for some projects and including thousands of projects into the budget without consultation with the Executive. According to him, the National Assembly made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.
“Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation. He has, therefore, asked the National Assembly to transfer the funds appropriated for the new projects which are inserted in the 2018 budget to cover the sum of 228.8 billion Naira for the elections. The President also noted that the balance will be provided in the 2019 budget.