President Muhammadu Buhari has signed the 2018 Appropriation Bill into law.
The President assented to the bill on Wednesday at the Presidential Villa in Abuja, the Federal Capital Territory.
President Buhari, however, criticised the National Assembly for reducing allocations for some projects and including thousands of projects into the budget without consultation with the Executive.
The total budget is N9.1 trillion, up from the N8.6 trillion estimates he submitted to the Assembly on November 7, 2017.
The two chambers of the National Assembly passed the budget on May 16, six months after it was presented by the president.
The Assembly raised the total figure by N500 million.
They also increased the oil benchmark proposed by the executive from $45 to $51 per barrel.
He said, “The National Assembly made cuts amounting to 347 billion Naira in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to 578 billion Naira.
“Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation.
“Some of the new projects inserted by the National Assembly have not been properly conceptualised, designed and cost and will, therefore, be difficult to execute.”