President Muhammadu Buhari yesterday signed the controversial Appropriation Bill into law, saying it was coming in the middle of Nigeria’s toughest economic period since independence in 1960. But he was optimistic that its coming into effect will mark the beginning of the change in the structure of the Nigerian economy once and for all. A sum […]
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The Senate President, Bukola Saraki, said on Friday that the signing of the appropriation bill into law showed that the legislative and executive arms could come together to work for the electorate. Saraki said this in his remark at the signing of the N6.06 trillion appropriation bill into law by President Muhammadu Buhari. “We have […]
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President Muhammadu Buhari on Friday signed N6.06 trillion 2016 Appropriation bill into law. His assent was withheld for weeks due to grey areas in the 2016 Budget passed by the National Assembly and the N6.08 trillion proposal he submitted to the joint sitting of the National Assembly on 22nd December, 2015. The President, according to […]
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[P]resident Muhammadu Buhari is set to sign this year’s budget today after receiving the clean copy of the document yesterday. The 2016 Appropriation Bill was presented to the President last month after passage by the National Assembly, but the President declined to assent it after discovering that many key projects had been removed as some constituency […]
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There were indications on Monday that the Reconciliation Committee of the National Assembly on the 2016 budget was rounding off work to produce a clean copy of the document to be submitted to President Muhammadu Buhari this week. Punchng, learnt that the committee, which is chaired by the Deputy Speaker of the House of Representatives, Mr. […]
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The All Progressives Congress senator representing Kwara South Senatorial District in the National Assembly, Rafiu Ibrahim, has appealed to Nigerians to remain calm as both President Muhammadu Buhari and the leadership of the assembly are working to ensure that the 2016 budget takes care of all interests in the country. He told Punchng in an interview […]
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Vice President Yemi Osinbajo yesterday gave an assurance that the 2016 budget will become operational “in the next few days” as Nigerians anxiously await action from the National Assembly on the budget which was returned to it by the presidency for correction. The reconciliation committee of the National Assembly on the budget is currently working […]
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The reconciliation committee of the National Assembly on the 2016 budget may return the corrected details of the appropriation bill to President Muhammadu Buhari on Saturday (today), findings revealed on Friday. The committee is chaired by the Deputy Speaker of the House of Representatives, Mr. Suleiman Lasun. A second committee from the side of the executive […]
Read More President Muhammadu Buhari and leaders of the two chambers of the National Assembly on Tuesday night rose from a 10-minute meeting, saying all grey areas in the 2016 Budget had been resolved, Punchng report. The meeting which was held inside the the First Lady’s Conference Room started at about 9.20pm and ended around 9.30pm. Those who […]
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Scores of protesting youths under the aegis of Occupy National Assembly, on Tuesday, besieged the premises of the federal parliament and demanded the immediate resignation of the Senate President, Bukola Saraki. The youths made up of various Civil Society Organisations and students, were also demanding that the federal lawmakers should immediately revisit the grey areas […]
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The failure of President Muhammadu Buhari to assent to the 2016 budget over disagreements with the National Assembly has created uncertainties in the economy, FIDELIS SORIWEI, OYETUNJI ABIOYE, STANLEY OPARA and ANNA OKON of Punchng write. The delay in signing the 2016 Appropriation Bill into law by President Muhammadu Buhari has worsened the economic crisis […]
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The Nigeria naira is expected not to rise or fall significantly at the parallel and official foreign exchange market as the economy slows and demand for foreign exchange eases after President Muhammadu Buhari’s delayed signing of the 2016 budget. According to Punchng, The local currency was trading around 322 against the dollar at the parallel […]
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