Tuesday 19 January 2016

Buhari Finally Submits Corrected 2016 Budget

 Remember that President Buhari had earlier requested the National Assembly that he seek to withdraw the copy of the 2016 budget proposal submitted by him on December 22, 2015.

In a letter to the Senate on Tuesday January 19,  the President asked the senators to deliberate on the second copy of the budget , which has been uploaded by the Budget Office.
A document containing the corrections was attached to the letter, which was read at the floor of the senate by the Senate President Bukola Saraki during plenary session, stated that the second copy is the corrected copy of the budget and has both the draft bill and the figure of the former proposal intact.

The letter read, thus:

“It will be recalled that on Tuesday, 22 December, 2015, I presented my 2016 budget proposals to the joint sitting of the National Assembly.
“I submitted a draft bill accompanied by a schedule of details. At the time of submission, we indicated that because the details had just been produced, we would have to check to ensure that there were no errors in the detailed breakdown contained in the schedule.”
“That has since been completed and I understand that the corrections have been submitted. The National Assembly would therefore have the details as submitted on the 22nd and a copy containing the corrections submitted last week.”
“It appears that this has led to some confusion. In this regard, please find attached the corrected version. This is the version the National Assembly should work with as my 2016 budget estimates.”
“The draft bill remains the same and there are no changes in any of the figures.”
The Senate, however, adopted and approved the contents of the letter and decided to commence deliberation of the 2016 budget proposal on Wednesday, January 20.

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