ISSN 2330-717X

Nigeria: Parliament Loses 2016 Budget Copies

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Hundreds of copies of Nigeria’s 2016 budget have gone missing at the country’s parliament, BBC News reports citing an MP who requested anonymity.

The senate was unable to start considering the proposed budget because of the missing documentation, he said.

The delay could worsen the country’s economic crisis as it deals with the impact of plunging oil prices.

President Muhammadu Buhari delivered the hard copies of his first budget to both houses at the end of last month.

It detailed his plans to raise spending by 20% by borrowing heavily amid falling global oil prices.

The president, who came to power last May, also pledged to improve tax collection and invest in other industries including mining and agriculture to create more jobs.

Senate President Bukola Saraki held a closed door meeting with Mr Buhari late on Tuesday, January 12 but it is not clear if the issue of the missing documents was discussed.

According to BBC, the copies of the budget for the lower house are not missing and will be distributed on Wednesday.



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PanARMENIAN

PanARMENIAN

PanARMENIAN Network is the first Armenian online news and analytical agency and one of the most cited Armenian informational resources worldwide.

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