Senate passes N6.06trn 2016 budget

Senate passes N6.06trn 2016 budget
March 23 15:01 2016

The Senate on Wednesday passed the 2016 budget with a reduced figure of  N6.06 trillion naira.

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

The Senate passed N6,060,677,358,227 trillion budget after considering its conference report on the proposal.

It was the first time since 1999 that the National Assembly would approve a figure lower than proposed by the executive.

Chairman of senate committee on finance, John Enoh said the Senate decision reflected the “mood of the country and the world” and showed “discipline” on the part of the National Assembly.