Nigeria
Nigeria’s Parliament is expected to adopt this year’s budget on the 17th of March after the initial one was rejected for a few changes to be made.
The President in December presented a record $30 billion budget but asked for its withdrawal in January to make changes after a further drop in oil prices forced the deficit up to 3 trillion Naira ($15 billion) from 2.2 trillion.
“We should be able to lay our report of the 2016 Appropriation Bill before the House and the Senate on 16th of March,” Abdulmumin Jibrin, who chairs the budget committee in the lower house said.
Nigeria House of Representatives Appropriation Committee closes collation of reports on 2016 budget… https://t.co/vB7xDTu343
— Emmanuel damola (@oladam) February 29, 2016
He added that parliament was expected to finish considering the budget’s contents by the end of the following day. “So it is safe for us to conclude that the 2016 Appropriation Bill will be passed on the 17th of March,” he emphasized.
Amongst key things the president is likely to focus on in his budget is the implementable and transparent conditional cash transfer program: “This is for the poorest vulnerable Nigerians whose data are currently being compiled, Mr. Buhari said; and will be implemented through the office of the vice president.
He added that the program would be implemented in phases. Already, the president had indicated in the Medium Term Expenditure Framework 2016-2018 the allocation of N500 billion to fund a social security program.
01:28
Earth Day Org calls for 60% reduction in plastic production by 2040
01:47
Environmental Volunteering: Activists gather in Lagos ahead of World Earth Day
00:39
Nigerian chess master plays for 60 hours in bid to set new world record
01:28
Nigeria's crude oil output goes down again in March - OPEC
01:05
A Nigerian chess champion is trying to break the world record for the longest chess marathon
01:13
Kenya power delivers cheaper electricity bills for residents