BREAKING: Senate passes 2016 budget | PremiumTimes

National Assembly

The Senate has passed the N6.08 trillion budget for 2016, with an unprecedented reduction in the budget’s total.

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.

END

CLICK HERE TO SIGNUP FOR NEWS & ANALYSIS EMAIL NOTIFICATION

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.