News

May 2, 2016

2016 budget: NASS slashes padding from N500b to N75b

2016 budget: NASS slashes padding from N500b to N75b

President Buhari

By Soni Daniel, Northern Region Editor
President Muhammadu Buhari is warming up to receive a reworked copy of the 2016 budget any time this week from the National Assembly following the belated agreement by the lawmakers to remove most of the unbudgeted items they introduced into the fiscal document for pecuniary gains.

Reliable sources close to the NASS told Vanguard that the lawmakers had realised that it was wrong for them to have usurped the functions of the Executive by introducing items not contemplated by the Presidency into the budget and illegally transferring capital votes to such items.