While members of the Peoples Democratic Party, PDP in the Senate had a field day criticizing the 2016 budget, Leader of the House of Representatives, Hon. Femi Gbajabiamila, has upheld the budget as the best in the country’s history.
In a series of tweets posted on his official Twitter handle on Wednesday, he said the budget was historic because for the first time in recent history, 30 per cent of the budget was devoted to capital expenditure. He however called for an increment of the capital expenditure in next year’s budget to 40 per cent.
Gbajabiamila, who expressed optimism that the provisions of the 2016 budget would enhance even development in the country, said: “I mentioned earlier that this budget is historic because it has a social intervention component. This is because this is the first time that 30 per cent of our budget will be dedicated to capital expenditure in recent history.
“2016 budget is the first all-inclusive budget that seeks to carry all Nigerians along; the rich, the not-so-poor, the not-so-rich and others. It is my hope and that of the House of Representatives that the 2017 capital expenditure will be increased to 40 per cent.
“The 2016 budget is epic not just because of its mega size of N6tn but for the reason that it touches on the well being of the people.”