Friday 6 May 2016

Breaking News :President Muhammadu Buhari has assented to the 2016 budget.

The ceremony of signing the main national document was attended by the Vice President, Professor Yemi Osinbajo, and the chairmen of the National Assembly appropriation committees.President had suspended assent after some changes were noticed in the

document.
This comes after the National Assembly submitted a clean copy of the budget to President Buhari.The government announced yesterday it had mapped out 34 strategic priority programmes and projects it intended to achieve with the 2016 budget.
These include a capital spend minimum of 30% annually, an appropriate and predictable exchange regime by the end of 2016, increased low interest lending rate of 9%, self-sufficiency in tomato paste in 2016 and rice production by 2018.

The  government also plan to increase local production of maize, soya beans, poultry and livestock and to stop import.

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