Buhari sends 2016 Budgets of CBN, NNPC, NAN, BPE others to Senate for approval


President Muhammadu Buhari on Tuesday sent the 2016 budget proposals of the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC) and 36 other agencies to the Senate for consideration.

The letter accompanying the budget, which was read by President of the Senate, Bukola Saraki, at plenary, indicated that the agencies’ budgets were in line with provisions of the Fiscal Responsibility Act, 2007.

The other agencies on the list are News Agency of Nigeria (NAN), Bureau of Public Enterprises, National Agencies for Science and Engineering Infrastructure and Nigerian Airspace Management Agency.

The list also contained budget proposals of the Nigerian Shippers Council, National Maritime Authority, Raw Materials Research and Development Council, National Sugar Development Council, Nigerian Postal Service, Nigerian Ports Authority and Federal Airport Authority of Nigeria.

Others are Securities and Exchange Commission, Nigerian Tourism Development Corporation, National Communications Commission, National Agency for Food and Drugs Administration and Control and Nigerian Customs Service.

National Broadcasting Commission, National Insurance Commission, Nigerian Copyrights Commission, Nigerian Deposit Insurance Corporation, Nigerian Immigration Service and Federal Inland Revenue Service are on the list.

Equally listed were Nigerian Electricity Regulatory Commission, Federal Radio Corporation of Nigeria, Federal Housing Authority, Nigerian Television Authority, National Automotive Design and Development Council.

Others are Nigerian Nuclear Regulatory Authority, National Business and Technical Examination Board, Federal Mortgage Board, National Environmental Standards and Regulations Enforcement Agency, Industrial Training Fund, Corporate Affairs Commission, Standards Organisation of Nigeria as well as Oil and Gas Free Zone Authority.


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