President Muhammadu Buhari has finally signed the 2016 Budget into law, Channels Television reports.
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| https://twitter.com/NGRPresident |
Vice President, Professor Yemi Osinbajo, and the chairmen of the National Assembly appropriation committees, Senator Danjuma Goje, and Honourable Abdulmumin Jibrin were among those present for the signing ceremony.
President Buhari assented to the budget
after the National Assembly submitted a clean copy to him. The president
withheld after discovering some “grey areas” in the Appropriation Bill.
The President’s official Twitter account announced just before the budget was signed.
The Federal Government had announced
yesterday that it intends to 34 strategic priority programmes and
projects with the 2016 Budget.
These include a capital spend minimum of
30% annually, an appropriate and predictable exchange regime by the end
of 2016, increased low interest lending rate of 9%, self-sufficiency in
tomato paste in 2016 and rice production by 2018. It also plans to
increase local production of maize, soya beans, poultry and livestock
and to stop import.
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