ABUJA, May 25 – Nigeria’s parliament passed a revised 2011 budget on Wednesday, trimming its spending plans from a version lawmakers proposed two months ago that President Goodluck Jonathan refused to sign into law.
The Senate and House of Representatives agreed on a 4.484 trillion naira budget, down from their previous 4.972 trillion naira proposal. It will now be sent to Jonathan for his approval.
Jonathan originally proposed a 4.226 trillion naira budget in December but lawmakers sent back an inflated plan three months later.
Source: Reuters Africa newsletter
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