National Assembly Begins Debate On 2016 Budget
Written by Taiwo Adediran on January 21, 2016
The federal lawmakers have commenced debate on Nigeria’s 2016 Appropriation Bill after putting behind the controversies surrounding the budget. The debate session took place on Wednesday at both the upper and lower chambers of the National Assembly in Abuja, the nation’s capital.
Also, some members of the Senate who contributed to the debate on the 2016 budget in the red chamber on Wednesday expressed doubt over the ability of the President Muhammadu Buhari administration to implement the fiscal document based on the current economic realities. Some of the senators in their contributions maintained that unless there was a drastic downward review of the entire budget size, the oil benchmark and the exchange rate, the Federal Government might end up embarking on an exercise in futility.