Home News Federal lawmakers laud 2016 budget

Federal lawmakers laud 2016 budget


Ibadan – Some federal lawmakers have described the 2016 Appropriation Bill submitted to the National Assembly by President Muhammadu Buhari as a fiscal proposal that would usher in development and progress.

The House of Representatives members told the News Agency of Nigeria (NAN) in Ibadan on Thursday that the budget was a clear road map to the nation’s development, urging Nigerians to persevere.

Rep. Sunday Adepoju (APC-Ibarapa Central/North) told NAN that the nation’s economy would soon pick up, adding that the lawmakers would look at the budget critically.

Adepoju said that the country needed to focus on capital expenditure as against recurrent which the country had always witnessed in the past.

“This budget is a budget of change from wastage and leakages. It is a path of hope for nation building.

“We have received the 2016 Appropriation Bill and we will ensure that it is critically looked into,” he said.

The lawmaker said that there was nothing bad in borrowing to finance the budget, adding that its implementation must be effective to bring about the desired multiplier effect.

Also speaking, Rep. Abiodun Awoleye (APC-Ibadan North) said that the budget was good enough to restore the nation’s glory.

Commenting on the 2015 budget, Awoleye said that it was the first time in Nigeria that the nation would experience high performance of the budget.

He urged state governments to look into other revenue sources and not depend solely on allocations from the federal government.

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In the same vein, Rep. Temitope Olatoye (APC-Akinyele/Egbeda) said that the 2016 budget would create room for development.

He said that the economy needed to be diversified, adding that if the budget and other fiscal policies of government were properly implemented, Nigeria was capable of realising the desired objectives. (NAN)

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