Breaking! 2016 Budget Finally Signed Into Law


The controversy over the 2016  has finally come to an end as President Mohammadu Buhari has signed the Appropriation Bill into law, paving way for full implementation of the budget. Mr. President signed the budget in his office at the Presidential villa, Abuja in the presence of the Senate President, Bukola Saraki, and the Speaker of the House of Representatives, Yakubu Dogara.

Others who were present at budget signing ceremony  this afternoon were the National Chairman of the governing All Progressives Congress (APC), John Odigie-Oyegun and the Secretary to the Government of the Federation, Babachir Lawal.

It would be recalled that the 2016 budget which has been before the joint session of the National Assembly since December  2015 has generated some many controversies. First, the budget was said to have gone missing in January;that came with much fun-fare as some said it was not missing and many others were blamed for the “missing” budget.

Also See: Budget: These 34 Project Highlights Are FG’s Priority


That was followed by the padding story, this came after the National Assembly had unanimously approved the budget estimates of N6.06 trillion from the initial N6.08 trillion and transmitted to the presidency with the highlight, but failed to attached the details. Which the president refused to give his assent, until he sees the details.

The details made available later, however, proved that the budget was indeed massively padded, which made the president to return it for a rework.

Earlier this week, the president reportedly returned the budget to the National Assembly for the third time. Buzz Nigeria News gathered that  the re-worked copy which was sent to the President at about 1.15 am on Tuesday, May 3rd, was returned to the National Assembly at about noon on the same day, after it turned out that the president was still discontent with some of its contents.

Also See: Nigerians Will Rejoice Soon Over Budget – APC Chieftain

Obviously, the president is now satisfied with the corrections made on the document, which led to him appending his signature to the long awaited budget ,five months after its presentation.

More details to come later…