After the protracted bickering over the delay in the passage of the 2008 Appropriation Bill, the Presidency and the National Assembly have reached an agreement on how to address the points of disagreement in the budget.
According to [Ayogu Eze], the President would compile his reservations on the budget and send them to the National Assembly in form of an amended bill to the budget with the Assembly pledging to give them positive consideration.
Adeniyi said in Abuja yesterday that "it was an amicable meeting. It was very cordial. And an agreement was reached. And under it, the President will assent to the budget. He will then send an amendment bill to the National Assembly on the areas there were consensus on review.
"Both parties resolved their differences on the budget and decided to reach a compromise. The budget document will be signed the way it is now but an amendment would be sent to the NASS in another two weeks."
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As posted earlier, the budget delay has been very detrimental to Nigeria's economy. It's a good thing that the disagreement is getting closer to being resolved. Contrary to the somewhat misleading news headline, however, the budget is not yet finalized or written.
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