President Buhari has said that the 2019 general elections will be costing about 242.4 billion Naira. The President said this today 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.

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