Budget 2016: Saraki Assures Nigerians of Adequate Oversight

Hamilton Nwosa
Writer

Ad

National Oil Companies Lead Aggressive Refining Growth

Global refining is at a crossroads, as shifting regional demand, mounting sustainability pressures and heightened energy security concerns reshape the industry. Rystad Energy’s research shows that even though there are fewer refineries today, overall refining capacity has grown to keep up with the rising volume of oil that needs processing. In the last two decades,…

Tinubu to Jet out for TICAD9 in Japan, State Visit in Brazil

By Abiola Olawale President Bola Ahmed Tinubu is set to embark on a two-nation diplomatic visit to Japan and Brazil, starting Thursday, August 14, with a stopover in Dubai, United Arab Emirates. This development was made known in a press statement issued by the presidency on Wednesday. According to the statement, the President's foreign trip…

Edo Central Rallies Behind Joe Ikpea for Edo Central Senatorial By-Election

By Abiola Olawale  The electorates of Edo Central including Uromi in the Edo Central Senatorial district of Edo State have declared their support for Hon. Joe Ikpea, the Senatorial candidate of the All Progressives Congress (APC), as the Senatorial by-election approaches this Saturday, August 16, 2025. This is as many of the electorates declared that…

Ad

Senate President, Dr. Abubakar Bukola Saraki has commended Nigerians for their patience while awaiting presidential assent to the 2016 Appropriation Act and promised that the National Assembly will ensure its proper implementation through diligent oversight.

Saraki who today (Friday) joined Speaker Yakubu Dogara and other top government officials in witnessing the signing of the budget into law by President Muhammadu Buhari, said the responsibility is now that of both the executive and the legislature to ensure that the objectives and goals of the budget are duly realized.

He called on ministers, heads of departments and agencies to hit the ground running with the implementation of the various provisions made in the budget so that the expectations of the people can be fulfilled.

“On our own part as members of the National Assembly, we will closely monitor the implementation of the budget by providing effective oversight. We will also ensure that all necessary laws that will aid the transformation of the contents of the budget into practical policies, projects and programmes that will directly have positive impact on Nigerians will be put in place.

“That is why we have started the amendment of the Public Procurement Act to ensure that a substantial percentage of the money to be spent in the budget are made available to Nigerians through government patronage of Made-in-Nigeria goods and services.”

The Senate President thanked Nigerians for their continued support for the present administration and promised that now that the budget has been signed into law people will start seeing the positive impact on the economy and their standard of living.

Saraki restated the National Assembly’s commitment to early passage of subsequent budgets since the President had promised earlier presentation.

Ad

X whatsapp