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Friday, 6 May 2016

President Buhari Finally Signs 2016 Budget into Law

Buhari Saraki
President Muhammadu Buhari has assented to the 2016 budget.

This was contained in a statement by one of presidential media aides Bashir Ahmaad:

The ceremony of signing the main national document was attended by the Vice President, Professor Yemi Osinbajo, and the chairmen of the National Assembly appropriation committees.
Speaking on the implementation of budget Buhari said: “Living in the State House does not alienate me from your daily struggles. I hear your cries, I share your pains.

“I commend the sacrifice, resilience, toughness of all Nigerians, who have continued to have hope and confidence of a great future.

“This government is like no other. We are absolutely committed to changing the structure of the Nigerian economy once and for all.

“I can’t promise that it will be an easy journey, but can assure this govt you have freely elected will work with honesty & dedication
“I shall speak in more details about the overall economic and social policies of the govt in my address on May 29, God willing.”

The Nigerian leader has presented a N6.08 trillion budget for the fiscal year 2016 on December 22, 2015.

It was the first in three years that a Nigerian president had personally presented a budget to the National Assembly.

There was a short controversy when the budget went missing from the NASS, when no-one could trace the document presented by Buhari.

But that matter was rapidly fixed and the president received fresh document.

Later President Buhari refused to sign the main document because he did not know the exact content.
PMB signs budget

Exactly, the Nigerian president returned budget for three times.

Finally, the National Assembly submitted a clean copy of the budget to President Buhari.

President had suspended assent after some changes were noticed in the document.

The government announced yesterday it had listed out 34 strategic priority programmes and projects it intended to achieve with the 2016 budget.

It also plans to increase local production of maize, soya beans, poultry and livestock and to stop import.



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