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Nigerian Senate Passes President Buhari’s 280 Billion naira Virement

Nigerian Senate Passes President Buhari’s 280 Billion naira Virement

Nigerian Senate on Tuesday passed President Muhammadu Buhari’s request for virements totaling N280bn in the 2016 budget to cater for some sectors of the economy.

The virement is to take care of shortfall in provisions for personnel costs, inadequate provision for the amnesty programme, continued requirements to sustain the war against insurgency and the depreciation of the naira.

Details later

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