President Muhammadu Buhari on Friday, said he was aware of the challenges facing the ordinary Nigerians as he signed the 2016 appropriation bill of N6.06 trillion into law.
The budget that is based on crude oil price in international market, and a price of $38 dollars per barrel, is slightly below the current global market price of $40
Signing the budget in the presence of the Vice President Yemi Osinbajo, Senate President Bukola Saraki, Speaker Yakubu Dogara and National Chairman, All Progressive Congress(APC), John Odigie-Oyegun, President Buhari said he was aware about the difficulties experienced by the ordinary Nigerians, and stood with them in the struggle to make the country a better place.
According to him: “I read the newspapers and listen to the TV and radio news; I hear your cries; I share your pains.
“I want to commend the sacrifice, resilience and toughness of all Nigerians young and old who have despite the hardships continued to have hope and confidence of a great future for Nigerians.
“But permit me to say that this government is also like none other. We are absolutely committed to changing the structure of the Nigerian economy once and for all.”
President Buhari reiterated his administration commitment to fighting corruption.
“Our revenue generating agencies are coming under better management and are re-oriented.
“The implementation of the Treasury Single Account (TSA) is expected to contribute significantly to improving transparency over government revenues.
“Our determined fight against corruption is resulting in improvements in the quality of public expenditure. The work of Efficiency Unit, as well as other public financial management initiatives, are also contributing in this regard,” he said.