Chief Ayo Opadokun, ex-scribe of the National Democratic Coalition has commended the national budget of 2016 year presented by President Muhammadu Buhari on December 22, Tuesday.
President Buhari presents 2016 National Budget
Vanguard reports that speaking with the newsmen during the 13th edition of Ayo Opadokun’s Christmas Carol in Offa, Kwara state he defined the N6.08 trillion budget as the best ever in Nigeria’s history.
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Opadokun said with the allocation of a big part of the budget to capital expenditure, the country is moving towards real change, all round transformation, growth and development.
He added that since the discovery of Nigeria as a country, the nation has never distributed such a huge proportion of resources to infrastructural development.
On the breakdown of the budget, Opadokun said with the 30% votes for capital expenditure, as well as a sensible part for education, the nation has begun a journey of certainty and reality.
According to him, Buhari’s budget provides careful and adequate attention to all sectors and technically represents the wider interests, aspirations and joint wishes of all Nigerians.
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Nigeria’s 2016 budget triples investment spending in a bid to stimulate growth while seeking to lower the country’s dependence on oil.
The budget totals 6.08 trillion naira ($30.8 billion, 28 billion euros).
The country’s economy suffered from the fall in oil prices, which averaged $122 a barrel in June 2014 but was now trading at around $39.
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