Lawmakers have retained the N500 billion intervention fund for the poor in this year’s N6,077,680,000,000 budget. The Muhammadu Buhari administration plans to dole out N5,000 to the poorest in the land and feed school pupils, among its populist programmes.
But the National Assembly yesterday passed the 2016 controversial budget with a reduction of over N17 billion. President Buhari on December 22, last year presented to the joint session of the National Assembly an Appropriation Bill of N6,077,680,000,000 for consideration and passage into law.
The Lawmakers passed N6,060,677,358,227 as the 2016 budget, slicing off N0,017,002,641,773.