Wednesday, 23 March 2016

BREAKING NEWS: Senate passes 2016 budget

2016 budget

The Senate has 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 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.

The House of Represen