Barring any last minute change of mind, President Muhammadu
Buhari will next Tuesday present N6.07 trillion budget proposal to
the National Assembly.

The planned presentation has compelled the senate to shift its
earlier plan to proceed on Christmas break from tomorrow to next
Tuesday.

This decision was arrived at a one-hour closed door session
yesterday before the commencement of plenary after an earlier
consideration of Friday as a suitable date for the presentation.
THISDAY learnt that most senators had initially preferred Friday
for the presentation to enable them commence their Christmas
break this week.

But Tuesday was later considered to be more suitable because the
Joint National Assembly Committee on Finance, Appropriation and
National Assembly is yet to conclude legislation on the Medium
Term Expenditure Framework (MTEF) and Fiscal Strategy Policy
(FSP).

The N6 trillion budget proposal for 2016 budget is predicated on
$38 per barrel oil benchmark; N197 exchange rate and 2.200 oil
benchmark.

The N6 trillion expenditure proposal is the highest in the history of
the country’s fiscal plans.

It was N4.07 trillion in 2010; N4.22 trillion in 2011; N4.74 trillion in
2012; N4.92 trillion in 2013; N4.6 trillion in 2014 and N5.06 trillion
in the current year including the N574.5 billion recently approved
supplementary budget.

Ironically, $38 per barrel benchmark is the lowest in recent times.
In 2011, it was $62 per barrel; $67 in 2012; $79 in 2013; $76 in
2014 and $53 per barrel in the current year.

Source
http://www.thisdaylive.com/articles/buhari-to-present-2016-budget-to-national-assembly-tuesday/228148/

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OK....Next pls

ok

Owk. Hope we gonna see the money

Thought some people said dollar vs naira is 1"270




Awon eeyan buruku

Good job. Hope its still over 6 trillion as proposed even in the midst of low crude oil prices?

GOD WILL HELP DEM ALL