Nigeria: 2016 Budget missing

Africa’s biggest economy, Nigeria is facing a dramatic confusion over the alleged disappearance of 2016 budget proposal submitted by President Muhammadu Buhari to the National Assembly in December 2015.

Senate Leader Ali Ndume made this announcement during a close door meeting in Abuja.

President Buhari had presented a N6.08 trillion (Above $29billion) proposal for the year to a joint session of the National Assembly.

The House of Representatives Speaker, Yakubu Dogara had earlier on expressed confidence that the budget will restore the country’s economy.

Just In: Nigeria's Budget 2016 Is Said To Have Been Stolen, Declared ‘Missing’ At The National Assembly https://t.co/Dotr9pMU6C

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Senators and House of Representatives Members were expected to commence consideration of the budget on tuesday after resuming from the end of year’s recession.

However, members of the house were shocked when they discovered that there was no such item relating to the budget for deliberations.

According to some of the senators,the budget was missing from the National Assembly with the beliefs that it could have been withdrawn by the presidency.

“There was rumour before today that the Presidency has withdrawn the budget for reasons best known to them, but some of us did not believe” Ndume said.