President Muhammadu Buhari says his administration has prioritized the repair and construction of roads within the country, unlike his predecessor, Goodluck Jonathan, who earmarked very little for infrastructure.
President Buhari signing the 2016 Budget into law
Speaking in a speech on Friday before signing the 2016 National Budget into law, President Muhammadu Buhari, disclosed that his administration has prioritised the repair and construction of roads within the country, unlike his predecessor, Goodluck Jonathan, who earmarked very little for infrastructure.
"To illustrate our renewed commitment to infrastructural development, the 2016 budget allocates over N200 billion to road construction as against a paltry N18 billion allocated for same purpose in the 2015 budget," President Buhari said.
The president also said his administration earmarked N350 billion for capital construction projects, with the hope that figure ill help stimulate the country’s ailing economy.
"The signing of the budget today will trigger concerted efforts to reflate the Nigerian economy, a key element of which is an immediate injection of N350bn into the economy by way of capital projects," he said.
We earlier reported that the 2016 budget was signed on Friday afternoon after months of bickering by the executive and the National Assembly over figures and projects proposed in the document.
President Buhari thanked all those who worked to make the budget a reality, including leaders of the National Assembly.