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The Senate on Wednesday, passed the 2016 N6.06 trillion budget presented to the joint session of the national assembly by President Muhammadu Buhari, on December 22, 2015.
The budget was approved after its harmonization by both the Senate and House of Representatives.
Senate President Bukola Saraki had on Tuesday hinted that the budget would be passed this week after it was laid.
The lawmakers approved the N1.587trn as the capital expenditure portion of the budget and the recurrent expenditure of N2.646.3trn.
They also approved N351.37bn as Statutory transfers, N1.475.3trn for Debt Service, and N2.2trn for Fiscal deficit.
They also adopted the oil benchmark of $38; Crude production of 2.2000m barrel per day and the exchange rate of N197 to $1 for the implementation of the budget.