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| National Assembly Complex |
The Senate has reduced the 2016 budget estimate presented to it by President Muhammadu Buhari
It today (March 23, 2016) passed a N6.08 trillion budget for 2016, with an unprecedented reduction in the budget.
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 budget.
John Enoh , the finance committee Chairman of the senate was quoted as saying that It was the first time since 1999 that the National Assembly would approve a figure lower than proposed by the executive.
According to him, the reduction reflected the “mood of the country and the world” and showed “discipline” of the part of the National Assembly.
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