Nigeria’s 2016 Budget Finally Scales Through
The Senate on Wednesday, passed the 2016 Appropriation Bill sent to joint session of the national assembly by President Muhammadu Buhari, on December 22, 2015.
The 2016 budget was passed with an unprecedented reduction in the budget’s total, according to online news portal, Premium Times.
President Muhammadu Buhari presented a N6.08 trillion proposal in December 2015.
The Senate passed N6,060,677,358,227 trillion budget after considering its conference report on the budget.
It was the first time since 1999 that the National Assembly would approve a figure lower than proposed by the executive, John Enoh, who heads the senate finance committee, said.
He said that reflected the “mood of the country and the world” and showed “discipline” of the part of the National Assembly.
