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6 Trillion Naira Budget for 2016 Approved By FEC - Politics - Nairaland

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6 Trillion Naira Budget for 2016 Approved By FEC by obailala(m): 9:25pm On Dec 07, 2015
The Federal Executive Council (FEC) has approved the Medium Term Expenditure Framework which pegs the 2016 Budget at six trillion Naira.

This is the outcome of the emergency Federal Executive Council meeting presided over by President Muhammadu Buhari. Briefing State House correspondents after the meeting, the Minister of National Planning, Udo Udoma, who joined the Minister of Information, Lai Mohammed, said that the crude oil price would be $38, because of the uncertainties in the price of oil.

According to him the Federal Executive Council is optimistic that Nigeria will be capable of producing at least 2.2 million barrels of oil per day. The FEC called it an expansionist budget which would be one trillion Naira more than that of 2015 and the Minister explained that the increase in the 2016 budget would be spent on capital projects because there is a need to address the infrastructure problems facing the nation.
http://www.channelstv.com/2015/12/07/fec-approves-6-trillion-naira-as-2016-budget/
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by faaiz4ever(m): 9:28pm On Dec 07, 2015
h
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by Mogidi: 9:29pm On Dec 07, 2015
Same cattle herder that couldn't do jackshiit for 30yrs is expected to manage 6 Trillion Naira.

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Re: 6 Trillion Naira Budget for 2016 Approved By FEC by obailala(m): 9:34pm On Dec 07, 2015
Mogidi:
Same cattle herder that couldn't do jackshiit for 30yrs is expected to mange 6 Trillion Naira.
6 Trillion Naira in the hands of a dictator is extremely dangerous, God help us.
Sorry bro, no human takes all these your meaningless rants seriously anymore. I suggest you take your opinion to an ogogoro joint where it would be melodious to their ears.

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Re: 6 Trillion Naira Budget for 2016 Approved By FEC by chikeorji123(m): 9:34pm On Dec 07, 2015
Were will that money come from 6trillion?.
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by shogz89: 9:40pm On Dec 07, 2015
I pray it's used efficiently and effectively
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by Themandator: 10:12pm On Dec 07, 2015
Alright... What economic policy guides the spending?
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by persius555(m): 10:21pm On Dec 07, 2015
So long as a large portion of that money is used to revive the power sector, nigerians are cool with it. We have serious energy crisis in nigeria.
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by kokoA(m): 10:23pm On Dec 07, 2015
Mogidi:
Same cattle herder that couldn't do jackshiit for 30yrs is expected to manage 6 Trillion Naira.
shocked All of these garbage came out of your brain? Bros.. I respect your dullness.
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by Chidozieude: 10:24pm On Dec 07, 2015
Mogidi:
Same cattle herder that couldn't do jackshiit for 30yrs is expected to manage 6 Trillion Naira.

When you are tired of wailing, you know the way to Sudan

Or just wait for N5000 monthly allowance next year sir.

Too much noise from you and its soooooo boring

1 Like

Re: 6 Trillion Naira Budget for 2016 Approved By FEC by Mogidi: 10:26pm On Dec 07, 2015
kokoA:
shocked All of these garbage came out of your brain? Bros.. I respect your dullness.

Considering you have no brain, am going to permit your tomfoolery.
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by basilo101: 10:41pm On Dec 07, 2015
producing millions of barrels is not the problem, but who will buy. No plan for diversification to agric and solid mineral, same fake hope on oil
Re: 6 Trillion Naira Budget for 2016 Approved By FEC by Mynd44: 10:43pm On Dec 07, 2015
https://www.nairaland.com/2787319/mtef-fec-approves-n6tr-expenditure

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