Senate Passes 2016 Budget

The Senate, today, has passed the 2016 budget, with an unprecedented reduction in the budget’s total.

President Buhari presented a N6.08 trillion proposal in December 2015 but 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.