President Muhammadu Buhari, has informed the National Assembly that the 2019 elections will cost 242.4 billion Naira.
The President disclosed this in a letter to the Senate
on Tuesday which was read on the floor during plenary.
He explained that implementing a budget of
9.12 trillion Naira for 2018 will be extremely
challenging and therefore does not consider it
expedient to increase the 2018 budget to accommodate the funds needed for the 2019 General Elections.
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 noted that the balance of 78.3 billion will be provided in the 2019 budget.