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.
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