The Senate this afternoon finally passed the 2016
Appropriation budget, after a plethora of controversies with an unprecedented reduction in the budget’s total amount.
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 committee on Finance, said adding that the
reduction on the proposal was in consideration of the situation of things in
the country.
More details later.
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