– President Buhari has finally signed the 2016 budget into law
– N351bn for statutory
transfers, N1.4trn for debt service, N2.6trn for recurrent expenditure, and
N1.5trn as capital expenditure listed in the budget
– Buhari says living in the State House does not alienate him
from his daily struggle, Read more at:
President Muhammadu Buhari has assented to the 2016 budget. This was contained in a statement by one of presidential media aides Bashir Ahmaad:
Bashir Ahmad
Follow @NGRPresident for info from the office of President Buhari, @AsoRock for the Federal Govt and @DigiCommsNG for engagements. #DigiGovt
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.
Exactly, the Nigerian president returned budget for three times.
Finally, the National Assembly submitted a clean copy of the budget to
President Buhari.
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.
See how the budget changed:
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