Jonathan Slashes N16.4 Billion Nigeria @ 50 Celebrations Budget

Following criticism of the federal government's plan to spend N16.4 billion on the celebrations of Nigeria's golden independent jubilee, President Goodluck Jonathan has slashed the anniversary budget to N9.5 billion. 

The adjustments are included in the latest amended supplementary budget which the president presented to the national assembly for consideration and passage.

In a letter to the national assembly conveying his intentions, the president said listed the areas which the cuts affected and said it was a "slight amendment." Contrary to widely circulated reports that the president, earlier, presented a budget of N10 billion for approval by the National Assembly for its Nigeria at 50 celebrations, the figures from the former supplementary budget shows that the actual figure that was budgeted for the event was N16.37B.