SENATE PASSES 2016 BUDGET
The Senat
e this Wednesday, passed the 2016 budget, 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 that proposed by the executive, John Enoh, who heads the senate finance committee, said.
He said that this reflected the “mood of the country and the world” and showed “discipline” on the part of the National Assembly.
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