The Muhammadu Buhari-led federal government on Monday proposed a budget of N6 trillion for 2016 at an oil bench mark of 38 dollar per barrel.
The planned spending is the first for the administration of Mr. Buhari, who took office in May 2015.
The minister of Budget and National Planning, Udoma Udoma, stated this while addressing State House Press Corps after an emergency Federal Executive Council meeting presided over by President Muhammadu Buhari.
The minister said the proposal was contained in the Medium Term Expenditure Framework, MTEF, approved by the council.
The planned spending is the first for the administration of Mr. Buhari, who took office in May 2015.
The minister of Budget and National Planning, Udoma Udoma, stated this while addressing State House Press Corps after an emergency Federal Executive Council meeting presided over by President Muhammadu Buhari.
The minister said the proposal was contained in the Medium Term Expenditure Framework, MTEF, approved by the council.