Senate Starts The Long Process To Ratify The 2017 Budget- And Your Eyes Are Not Deceiving You- Its 7.29 Trillion Naira: That Is 999 Billion In 7 Places.

The 2017 N7.29 trillion budget proposal was subjected to critical scrutiny at the Senate yesterday with senators picking holes in several sectorial allocations. Some lawmakers maintained that Federal Government’s plan to diversify the economy did not get the desired attention in the budget. Many senators also observed that it might be impossible for government to get the projected borrowing to fund the budget, stating that similar 2016 projections were not realised.

Senate President Bukola Saraki, who presided over the debate, disclosed that the budget scrutiny would be concluded today and it would be committed to the Appropriation Committee.