Finally, President Muhammadu Buhari signs
appropriations bill into Budget.
The Vice President, Professor Yemi Osinbajo,
and the chairmen of the National Assembly
appropriation committees attended the signing ceremony.
This is coming after the National Assembly
submitted a clean copy of the budget to
President Muhammadu Buhari.
The President had withheld assent after some
alterations and changes were noticed in the document.
Federal government yesterday announced it had mapped
out 34 strategic priority programmes and projects it
intended to achieve with the 2016 budget when signed.
These include a capital spend minimum of 30 percent
annually, an appropriate and predictable exchange
regime by the end of 2016, increased low interest
lending rate of nine percent, self-sufficiency in
tomato paste in 2016 and rice production by 2018
and to increase local production of maize, soya
beans, poultry and livestock and to stop import.
0 comments:
Post a Comment