UPDATE 2-Nigerian lawmakers aim to pass 2017 budget by end of March - Senate president [Reuters]
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Source: Reuters
(Adds quotes, details) By Felix Onuah ABUJA, March 14 Nigerian lawmakers aim to passthe 2017 budget by the end of March, the president of the upperhouse of parliament said on Tuesday, following a meeting withPresident Muhammadu Buhari. The budget lays out plans to pull Africa's largest economyout of its first recession for 25 years, largely prompted by lowglobal prices for the oil it produces and by attacks on energyfacilities in the OPEC member's Niger Delta oil hub last year. Buhari, a 74-year-old former military ruler who has facedrising disenchantment over his handling of Nigeria's economy,presented his record 7.298 trillion naira ($23.21 billion)budget to lawmakers in December. "This month is our deadline to finish work on the budget andreturn it to the executive," Senate President Bukola Saraki saidafter the meeting with Buhari and the head of parliament's lowerhouse. "We are working very hard to ensure we meet thatdeadline." The budget must be ag
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