* N200 billion allocated to road construction
* Says Nigeria experiencing toughest economic times since 1960
President Muhammadu Buhari on Friday signed N6.06 trillion 2016 Appropriation bill into law. His assent was withheld for weeks due to grey areas in the 2016 Budget passed by the National Assembly and the N6.08 trillion proposal he submitted to the joint sitting of the National Assembly on 22nd December, 2015.
The President, according to a copy of his speech at the closed-door ceremony later circulated to journalists, said that the 2016 Budget was designed to pursue an expansionary fiscal policy despite the huge decline in government revenues from crude oil exports. The signing of the budget, he said, will trigger concerted efforts to relate the Nigerian economy.
