After several months of back and forth between the president and the National Assembly, President Muhammadu Buhari, has signed the 2016 budget into law.
According to report, Vice-president Yemi Osinbanjo, Senate President, Bukola Saraki, House Of Representatives Speaker, Yakubu Dogara, Minister of Finance, Kemi Adeosun, Minister of Budget, Udo Udoma and Chairman of the Senate Committee on Appropriation, Danjuma Goje and other counterparts from house of representatives witness the g ceremony.
The g #budget2016 pic.twitter.com/ug2WLpK6zB
— President Buhari (@NGRPresident) May 6, 2016
The 2016 budget as signed by President Buhari this afternoon is 6.06 trillion naira pic.twitter.com/dCuSi8F6an
— President Buhari (@NGRPresident) May 6, 2016
Early report says, the president has assented to the budget after the National Assembly submitted a clean copy to him. The president withheld after discovering some “grey areas” in the Appropriation Bill.
“All things being equal, the President will on Friday assent the 2016 Budget. The two committees have finished their work and a clean copy is now with the Presidency,” a source told The Nation.
“There are high chances that the budget will be signed tomorrow (today). In fact, I can tell you that the chances are up to 70 percent, because all the necessary things have been done and the president is already in possession of the document,” another source told Daily Trust.
PMB: With the g of #budget2016, there will be an immediate injection of N350bn into the economy by way of capital projects.
— President Buhari (@NGRPresident) May 6, 2016
PMB: #budget2016 allocates over N200bn to road construction as against a paltry N18bn allocated for same purpose in the 2015 budget.
— President Buhari (@NGRPresident) May 6, 2016
PMB: “Implementation of Treasury Single (TSA) is expected to contribute significantly to improving transparency over govt revenues.”
— President Buhari (@NGRPresident) May 6, 2016
PMB: “Our determined fight against corruption is resulting in improvements in the quality of public expenditure.” #BudgetOfChange
— President Buhari (@NGRPresident) May 6, 2016
PMB: “The continuing efforts to reduce recurrent expenditures should hopefully free up more funds for capital expenditure in 2017 & beyond.”
— President Buhari (@NGRPresident) May 6, 2016
PMB: “As I said in my New Year message, living in State House does not in any way alienate me from your daily struggles.” #BudgetOfChange
— President Buhari (@NGRPresident) May 6, 2016
PMB: “I read the newspapers and listen to the TV and radio news. I hear your cries. I share your pains.” #BudgetOfChange #budget2016
— President Buhari (@NGRPresident) May 6, 2016
PMB: “We are experiencing probably the toughest economic times in the history of our Nation.” #BudgetOfChange #budget2016
— President Buhari (@NGRPresident) May 6, 2016
PMB: But permit me to say that we are absolutely committed to changing the structure of the Nigerian economy once & for all. #BudgetOfChange
— President Buhari (@NGRPresident) May 6, 2016
PMB: “We are working night and day to diversify the economy so that we never again have to rely on one commodity to survive as a country.”
— President Buhari (@NGRPresident) May 6, 2016
