President Muhammadu Buhari
presents
the 2016 budget, appropriation Bill to the joint session of the National
Assembly comprising the Senate and the House of Representatives today, there
were strong indications, yesterday, that the lawmakers are ready to ensure
speedy passage of the bill.
Last Wednesday, the Senate
approved the Medium Term and Expenditure Framework (MTEF) and Fiscal Strategy
Paper, FSP submitted by the Federal Government, just as it approved Crude Oil
Benchmark price of US$38 per barrel for 2016 despite the global dwindling crude
oil price to $36 per barrel as at Monday from the $40 per barrel.
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