HomeFeatured PostFinally! Senate Passes 2016 Budget

Finally! Senate Passes 2016 Budget

PIC.23. SENATE CHAMBER DURING THE INAUGURATION OF THE 8TH NATIONAL ASSEMBLY IN ABUJA ON TUESDAY (9/6/15). 3023/9/6/2015/CH/BJO/NAN

After months of delay, Nigeria’s Senate has finally passed the 2016 Federal budget.

President Muhammadu Buhari presented a N6.08 trillion proposals 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 finance committee, said.

It would be recalled that on Tuesday, 22 December, 2015 President Muhammadu Buhari  presented the  2016 budget proposals to the joint sitting of the National Assembly.

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