President Buhari requests amendments to 2016 budget
132 views · Published 19 January 2016 · 0:45 · Indexed 10 November 2026
Channel: CGTN Africa · 2016 · News & Politics
Nigerian President Muhammadu Buhari has written to parliament requesting the withdrawal of the 2016 budget in order to make changes. Buhari unveiled the budget for Africa's biggest economy in December, which included a tripling of capital expenditure, as the continent's top oil exporter tries to overcome its worst economic crisis in years caused by the fall in crude prices. The president said spending would be 6.08 trillion naira and the deficit would double to 2.2 trillion naira under his administration's plans.
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