22 December, 2015

President Buhari Budgets N6.08 Trillion For 2016

Today, President Buhari presented the 2016 budget which amounts to N6.08 Trillion to the National Assembly members.
The President speaking said Nigeria remains committed to diversification to create and reflate the economy. On the present fuel scarcity, He apologized to Nigerians & infernal it on some stakeholders World Health Organization has refused to embrace amendment. He confirmed fuel pump value would stay at N87 for now.
President Buhari said the trust in govt is at an all-time low however that his govt won't betray the trust place in them. He said his government has the need, resources and commitment to deliver to Nigerians.
He declared that Conditional money Transfers to the poor are going to be created which it'll be managed by the Vice President’s workplace. On the academic sector, Buhari disclosed that five hundred thousand teachers are going to be recruited.
He also revealed that N1.884 Trillion shall be borrowed to fund the budget.



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