Details of #Budget2016 by the Ministry of Budget and National Planning

The Budget Overview event kicks off. Ministers of Budget, Defence, Water Resources, Finance, Niger Delta are all present.


The FG will spend, not just for today, but for tomorrow: Emphasis on infrastructure & social investment #Budget2016 This is the first full-year budget of this administration. It was signed into law on May 6, 2016 says Minister Udoma.

Drastic fall in oil price: $114/Jun2014 - $38/Dec2015 -General weakening of economic growth in developing market economies #BudgetNG2016 . Primary goal of the 2016 budget is to reflate and reposition the economy for Change.

Labour Day: I will support whatever increase if the money is available - Gbajabiamila

My best wishes to all workers. Pray next year's labour day will be a celebration of exponential economic growth.

It is perfectly legitimate for workers to ask for review of wages whether in private or public sector everyone is entitled to at least a living wage.Particularly where there is an inflation in the cost of living e.g in electricity tariff.


However this legitimate demand and workers interest has to be measured against want is practical and realizable considering the sharp fall in oil price and government revenue. Governmentt will need to sit with Labour and open up its books in a transparent manner for Labour to see whether or not by the most ingenious financial engineering the demand can be met. I believe when this is done an amicable settlement can be reached.