Abuja - President Muhammadu Buhari has presented the 2016 national budget before a joint session of the National Assembly.
Buhari became the first Nigerian President to personally carry out this task in recent years.
This was acknowledged by the Senate President, Dr Bukola Saraki, in his opening speech.
Also read: LIVE: 2016 budget presentation
Dr. Bukola Saraki also promised that the National Assembly is ready to swiftly pass 2016 Budget to quickly reflate the economy.
While stating that the 2016 budget would focus on addressing youth unemployment and cater for the vulnerable, President Buhari said that Nigeria remains committed to diversification to build and reflate the economy.
He stated that there would be changes in the way government conducts its business as all MDAs would be required to prepare and present their annual budgets on time. “We will align fiscal, monetary and investment policies,” said the President.
A 6.07 trillion Naira budget proposal for 2016 was predicated on $38 per barrel oil benchmark; 197 Naira exchange rate.
- News 24