President Muhammadu Buhari has exhibited the N6.08 trillion 2016 spending plan 2016 national spending plan before a joint session of the National Assembly. Buhari turned into the first Nigerian President to by and by do this errand as of late. This was recognized by the Senate President, Dr Bukola Saraki, in his opening discourse.
Dr. Bukola Saraki additionally guaranteed that the National Assembly is prepared to quickly pass 2016 Budget to rapidly reflate the economy.
While expressing that the 2016 spending plan would concentrate on tending to youth unemployment and provide food for the powerless, President Buhari said that Nigeria stays focused on expansion to construct and reflate the economy.
He expressed that there would be changes in the way government leads its business as all MDAs would be required to get ready and display their yearly spending plans on time. "We will adjust financial, fiscal and venture arrangements," said the President.
Another highlight of the President's presentation was his declaration that petrol pump cost would stay at 87 naira for each liter "for the time being" as the administration keeps striving to end lack.
The 6.07 trillion Naira spending plan proposition for 2016 was predicated on $38 per barrel oil benchmark; 197 Naira conversion scale.
It is an increment of around 40 for each penny from the past spending plan of 4.357 trillion Naira which was introduced to the National Assembly in 2014 by ex-president, Goodluck Jonathan's organizatio
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