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2016 BUDGET: Buhari Vows To Present "Budget Of Change" To Nigerians



The presidency has disclosed that President Muhammadu Buhari was prepared to present to Nigerians, a budget of change, when the presentation of the 2016 Appropriation Bill to the National Assembly is being carried out on Tuesday, December 22, Vanguard reports.
Sources recalls that the Senate had passed the MTEF on Wednesday, December 16, and according to Enang, the MTEF would act as a guide to developing implementable budget.
Enang said: “I appreciate the National Assembly on the expeditious passage of the MTEF and the Fiscal Strategy Paper because it was the basis for the preparation of the 2016 budget.
“Most of you have been here for a while and you agree with me that one or two years past we used to have a situation where the MTEF is considered and perhaps being considered while the budget is being presented but the present leadership of the Senate considered it appropriate to pass the MTEF and FSP before the budget is presented.
“You will agree with me that the Fiscal Responsibility Act says that it is the parameter set in the MTEF such as the oil benchmark, exchange rate, production quota, the non-oil revenue, sources of funding the budget, sources of other fiscal items; those are the items that determine what the executive will use to prepare the budget, and it is after these were considered and passed that His Excellency Mr President communicated the date, that the budget will be presented on Tuesday next week.
“A lot of people may have expected that this will be difficult to do, that is the way the legislators have responded to matters affecting Nigerians and Nigeria and communications and requests from Mr President; on this note that President has been very and highly appreciated.
“I am here again to extend my appreciation to His Excellency the President of the Senate, the Speaker, leadership and membership of the Senate and House of Representatives and indeed the management.”
President Buhari is expected to present the 2016 budget to a joint session of the National Assembly on Tuesday, December 21.
When asked on Thursday whether the President will submit the budget personally to the National Assembly or send it through a minister as was done in the recent past, Senator Udo Udoma, the Minister of Budget and National Planning, said the details would be made public later.
Meanwhile, the presidency on Friday, December 4, said that President Muhammadu Buhari has not breached any law by not submitting Medium Term Expenditure Framework (MTEF) to National Assembly for consideration .
The MTEF document according to law was supposed to have been submitted for approval by August 2015 four months to the end of the financial year requirement stipulated in the Fiscal Responsibility Act.