6 things to expect from Buhari’s 2016 budget

President Muhammadu Buhari presenting the 2016 appropriation bill to the National Assembly

President Muhammadu Buhari on Tuesday presented the 2016 Appropriation Bill before a joint session of the Senate and House of Representatives, as the nation faces an economic crisis made worse by fuel scarcity and falling Naira.

If properly implemented, the budget presents measures that could help the country chalk out path to development. From job creation initiatives to social security program, PREMIUM TIMES’ National Assembly correspondent, Hassan Adebayo, lists six key things to expect in 2016.

1. Tax reduction for small businesses: “This budget is the platform for putting more Nigerians to work,” Mr. Buhari said, adding that “Nigeria’s job creation drive will be private sector led.” “We will encourage this by a reduction in tax for businesses as well as subsidizing funding for priority sectors such as agriculture and solid minerals.”

2. 500,000 teaching jobs: As an emergency measure to address the “chronic shortage” of teachers in public schools across the country, the president promised that 500,000 unemployed graduates and NCE holders would be trained and deployed in partnership with state and local governments. He said, “These graduate teachers will be deployed to primary schools, thereby, enhancing the provision of basic education especially in primary in our rural areas.” A similar approach was implemented under late Umar Yar’Adua through Federal Teachers Scheme, FTS.

3. Implementable and transparent conditional cash transfer program: “This is for the poorest and most vulnerable Nigerians whose data are currently being compiled, Mr. Buhari said; and will be implemented through the office of the vice president. He added that the program would be implemented in phases. Already, the president had indicated in the Medium Term Expenditure Framework 2016-2018 the allocation of N500 billion to fund social security program. It is expected that this channel through which the government will fulfil the campaign promise of N5, 000 social safety net for vulnerable or unemployed Nigerians.

4. Free tertiary education for science, technology and education students and home-grown public primary school feeding: This is billed for public presentation “in the coming weeks” and “will mark historic milestone for us as a nation”, the president said.

5. Large-scale infrastructural development: Nigeria currently faces huge infrastructural deficit, thereby, negatively affecting businesses and more importantly, all-round wellbeing of citizens. This is one challenge Nigeria may begin to address, if 2016 budget is properly implemented. The budget votes N1.8 trillion for capital expenditure, representing 30 per cent of the total budget of N6.08 trillion. Last year, the capital vote was 557 billion. In fact, a total of was N11 billion budgeted for the Ministry of Works. Giving breakdown of the 2016 capital vote, Mr. Buhari said, “This increased capital expenditure commits significant resources to critical sectors such as Works, Power and Housing – N443.4 billion; Transport – N202.0 billion; Special Intervention Programs – N200.0 billion; Defence – 134.6 billion; and Interior -53.1 billion. He continued, “These investments in infrastructure and security are meant to support our reforms in the Agriculture, Solid Minerals and other core job creating sectors of our economy.” “This is a fulfilment of our promise to align expenditure to our long-term objectives, and a sign of government’s commitment to sustainable development,” he added.

6. Improved services delivery and security: Given that proper budget implementation is achieved, it is expected that Nigerians experience improved service delivery and security as the government plans to devote a significant portion of recurrent expenditure to institutions that provide critical services like education, N369.6 billion; defence, N294.5 billion; health, N221.7 billion; and N145.3 billion in the Ministry of Interior. “This will ensure our teachers, armed forces personnel, doctors, nurses, police men, fire fighters and many more critical service providers are paid competitively and on time.”

In his closing remarks, Mr. Buhari said, “I know many people will say “I have heard this before”. Indeed, trust in government, due to abuse and negligence of the past, is at an all-time low. This means we must go back to basics. Our actions will speak for us. My team of dedicated, committed and patriotic Nigerians is well aware of the task ahead and I can assure you that we are taking on the challenge.”

Mr. Buhari also echoed the common knowledge that every analysis of Nigeria’s development crisis must come to grip with the challenge of corruption which practically involves diversion of developmental funds for private use, thereby leading to soaring nature of poverty, hunger, infrastructural decay and poor service delivery among other that characterise contemporary Nigeria. Against this background, the president emphasised his commitment to the pursuit of “the recovery of everything that belongs to the people of Nigeria. No matter where it is hidden. No matter how long it will take.”


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  • Enemona

    I am impressed not just by the budget but by the sincerity of purpose behind it. I will take it as a my civic responsibility to hold this government to the high standard it has set for itself. Good luck PMB and team, I will drink to this. May God grant you long life, courage and wisdom as you and your team embark on this noble journey.

  • tuby NY

    Very reasonable n people, development impacting budget as long as it is fully implemented n strictly adhere by his team accordingly 2 as Mr. President explained it. But known PMB n his personality.. this budget will work n the country should start fully feeling it’s impact 3/4 months into the new (2016) year I believe..

  • Babawale

    For the first-time in a very long while almost a decade now that we are having a presidential President. His team looks more serious to deliver 80% of their campaign promise. Nigeria shall be great again. I’m very optimistic. Thank u Mr PMB

    • yitzkh

      We thank God for our President

  • ToriolaOlufemi

    Nigeria is a project that must be done. God bless Nigeria

  • PMB is here to save us from our-selves, to all who wishes this country well may it be well with them, to those who wishes for her demise may you be shamed

    • kinsly

      Amen!

    • yitzkh

      Thank you

  • Mockme

    The taste of the pudding is in the eating.

  • excel

    The change we all clamour will kick off fully come 2016. PMB administration is here to revive Nigeria and lead her on the right path for development.

  • vincentumenyiora

    About your budgetary proposals and other salient problems: FOR YOUR CHRISTMAS & NEW YEAR REFLECTION!
    (Incidentally your NTA Good morning for Christmas was about leadership so, here we are as if I knew that it was coming!)

    HERE TOO I HAVE DONE MY BIT TO HELP YOU; Problem of Nigeria I noticed is that they ask you to submit solutions for the problems we have, they take such do not even acknowledge that they got your mails suddenly you discover that your solutions are being applied across board in Nigeria – typical is the Option A-4 with all the adjuncts including, you’ll not believe this, the card/finger reader machines! Worse is that those responsible are all PhD holders and they are talking about corruption, folks! An important solution that can help solve the political leadership and participation for Nigeria was handed personally to both the Sen. President’s and the SGF’s Office on 2nd February 2015 up to date no reply to these submissions have been received; another, very crucial to what is happening in the country was sent on the 4th June from London; I am still waiting for a response – they are applying the contents as we speak! Success in your Budget will call
    for prudence and monitoring and accepting to be bound by the (complying strictly to) programme of work and payment early to Certificates for jobs properly/ satisfactorily completed as specified in the Programme of Work!

    I have heard them discuss issues about ‘emba’ months accidents on ‘NTA’s Nigeria Today’ 25th Dec. 2015 regarding the transport system and problems associated with it in Nigeria – luckily China has offered the solution for the phenomenon; we look forward to the Transport Minister to do something this time to justify the change being echoed! You can see, the solutions to these problems are there but the ‘Big Question’ about them in Nigeria is: Which one of your leaders is ready to show the example – to BELL THE CATS in Nigeria?, so that when they are passing-by, we (Yea) shall know them!

    Talking about political leadership for Nigeria and Africa indeed. You discover that there is something inimical between Europeans and Africans. It devolves from the time of slave trade and the emancipation that took place in the U.S. Records show that all the big business houses including the Banks manned by black managers were collapsed due to the mismanagement of the financial proceeds to a point where they were all branded ‘predators!’ That characteristic has subsisted (endured in fact) across the board in Africa to date! Nigeria and Ghana had share of this problem under the Colonial administration in the 40s and 50s – the change or break in Ghana was at the advent of Flt Cmd. Jerry Rawlings observers felt it was due to the fact that he was not entirely of Black stock – a contrast from what we are witnessing
    today in the Ghana after he left office – a revert back to the old ways recalling that some Judges were struck-off their legal Guild (defrocked) last month on grounds of corruption!

    Goes to confirm that the problem is more about the psychology therefore the make-up – the genetic of blacks looking back to that slave era! Observers think that the behaviour difference in the leaderships is derived from the strict observance of their laws. In Africa where the leaders can take as much money as they wish from the coffers and nobody does anything the critical example of what the case is like that documentary – “The last of the wild!” by Don Kings! Still on the leadership psyche of the blacks; I just read Jigawa State want to recruit over 100 doctors from Bangladesh most of whom will come from the DIASPORA possibly engendered/ motivated (driven) as a result of the visit of President Buhari to India! Now you have Nigerians equally qualified if not more than and you’re not talking about how to engage the Nigerians in the same DIASPORA and we learnt about the ‘bare-foot doctors’ in China, which was the backbone of China’s health sector in the 50s and in Cuba we learnt about their own medical prowess contributed a lot to the World health achievements!

    In my research in the Atlantic Slave trade issues, I came to the deduction about reasons for the short falls occurring (applicable) in black leadership – that part of the reasons for the slow progress in Africa may well be attributed to the effects
    of ‘progenitor (progenitive) dismember-ship and dispersal’ of the people also – we need an affirmation from research to be
    conducted by ‘Anthropologists to prove my observation! The agonizing nightmares of thinking about his/her ‘home’ and relatives divorced from him/her and or in captivity! It is described as a big dent on the psyche of the African natural human resource meant to organise the Continent, where the Europeans capitalised on the ‘brains and talents’ of those captured and taken away bearing in mind the contributions of these people to the Industrial development of Europe and the U.S. including the political advancement before the ‘supremacy theory kicked-in in the U.S. the Blacks presence were felt in almost all spheres of the economic and political activities in the U.S. – the Ford’s Theatre in Washington D.C, United
    States, where Abraham Lincoln was assassinated, on April 14th 1865.was owned by a Black proprietor! The Binga Bank, The Freedmen Bank, The George Old Fellows, The Capital Savings Bank, The Mutual Trust Company Tennessee, The Alabama Peany Savings and Loans Company, Birmingham, The Douglas Bank, The National Benefit Inc. Co. and the C.M.A. Stores and The Black Cross Navigation Trading Co. 1919. All of them were collapsed by the Managers all Black people – they went down and nothing done! There is no doubt that the natural trait is still with us in Africa but the problem, as with the other spheres of our endeavours, the same leadership being able to accept the flaws in the systems we are bedevilled with and ready to do something about them thereby pave the way for the European kind, which thinks less about its self but more about the people he is meant to provide for or supervise/ protect their interest! Should leave the very poor impression on us about that stupidity I talked about regarding how we go about tacking or dealing with the social and political problems we have in Africa!

    If you can look up the documentary it tells you all you need to understand what the problem about corruption in African countries – no tether on their waste line otherwise laws to stop them reaching at the funds! So to do well about budgets, listening to the discussion this morning 23rd Dec. 2015 I want to agree with most of the contributors said particularly from both Dr. O Mailafia and Mark A. Dike regarding your Ways and Means and I had commented on these areas much earlier. But essentially they should read my definition for budgets! I have offered to explain to the authorities what they are not doing properly yet in Nigeria to help guard on the corruptive tendencies in the country! Trouble about Nigerian budgets is that end of the year you don’t see how the huge funds quoted is expended – nothing to show for the Trillions!
    They should be reminded that PM. Margaret Thatcher told us in 1987/8 on her visit to Nigeria that if you (we) can get at the pilfered funds in the U.K. alone by Nigerians, you don’t need loans from World Bank to develop your country – it is a challenge! So, talking about ‘revolution or change’ we want to see action not much talking this time, folks!