Senate Leader, Senator Ahmed Lawan, flagged off the debate of a Bill for an Act to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of N7trillion.
Lawan noted that with the 2017 budget of recovery and growth, the future of the country looks bright as the year to year growth in capital expenditure demonstrated the government’s desire to make the country more competitive in order to bring the economy out of recession and into steady growth and prosperity.
He said the 2017 capital budget was designed to align expenditure to long-term objective, sustainable development as well as fiscal consolidation, inclusive growth and job creation, stabilisation of the welfare of Nigerians by focusing more on micro-economic stability, consolidating structural reforms and enhancing governance and institutional goals.
Meanwhile, legislative work on the budget also commenced at the House of Representatives with a debate on the general principles of the appropriation bill.
House Leader, Femi Gbajabiamila said the N7 trillion budget estimates was ambitious but that ambition is the precursor to success.
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