| Presidential Office |
The signing ceremony took place in the presence of the Vice President,
Professor Yemi Osinbajo, and the chairmen of the National Assembly
appropriation committees who had arrived the Presidency for the signing
ceremony.
Today’s event comes after the National Assembly submitted a clean copy of the budget to the President.
The President had withheld assent after some alterations were noticed in the document.
The government announced yesterday it had mapped out 34 strategic
priority programmes and projects it intended to achieve with the 2016
budget.
These include a capital spend minimum of 30% annually, an appropriate
and predictable exchange regime by the end of 2016, increased low
interest lending rate of 9%, self-sufficiency in tomato paste in 2016
and rice production by 2018.
It also plans to increase local production of maize, soya beans, poultry and livestock and to stop import.
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PLEASE BE POLITE