2017 budget scales second reading at Senate

The 2017 budget yesterday passed second reading at
the Senate following 3 days of debate on its general
principles.
The fiscal document has been referred to the
Committee on Appropriation for further legislative
actions with a 3-week timeframe.
The Senate also announced the suspension of plenary
till February 21st. A public hearing would also be held
on the budget between February 7th and 8th.
Senate President Bukola Saraki said Senate would
continue to support government’s effort in achieving a
sustainable inclusive growth saying “In this regard, we
should objectively review the planned expenditures
carefully especially as it relates to its feasibility and
relevance in delivering the core objectives of the budget
which are to: Pull the economy out of recession; Invest
in the people of Nigeria; and, Lay the foundations for a
diversified, sustainable and inclusive growth.
“What we want to build is a better Nigeria. Nigerians
are optimistic! Nigerians are hopeful! The people whom
we represent as well as the international community are
watching,” he said.