As Buhari presents 2016 budget today

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  • buriNew taxes targetting the rich coming
  • Nigerians expect higher capital spending

President Muhammadu Buhari will today present the 2016 budget to the National Assembly, the main focus being a major shift from oil as the main source of revenue to mining and new taxes targeting the rich. 
The Federal Executive Council yesterday approved the final draft of the N6 trillion budget with an unprecedented capital vote of N2 trillion.
The budget is based on an oil bench mark of $38per barrel and a daily crude oil production of 2.5 million barrels per day.
Read more at http://www.dailytrust.com.ng/news/general/as-buhari-presents-2016-budget-today/125541.html#8JhKJ6w2eWViYOBg.99

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