Read Buhari's remark at the signing of the 2016 budget into law

Buhari signed the 2016 budget into law today.
Read his remark during the signing below
1. It gives me great pleasure today to sign
the first full-year budget of this
administration into law. I thank the
leadership of the National Assembly, in
particular, the Senate President and the
Speaker of the House of Representatives,
and indeed all members of the National
Assembly for their cooperation in making
this a reality.
2. The budget is intended to signpost a renewal
of our commitment to restoring the budget as a
serious article of faith with the Nigerian people.
This Administration is committed to ensuring that
henceforth the annual appropriation bill is
presented to the National Assembly in time for
the passage of the Act before the beginning of
the fiscal year.
3. Through the 2016 budget, aptly titled "Budget
of Change’’, the government seeks to fulfill its
own side of the social contract. The Budget I have
signed into law provides for aggregate
expenditures of N6.06trn. Further details of the
approved budget, as well as our Strategic
Implementation Plan for the 2016 budget, will be
provided by the Honourable Minister of Budget
and National Planning.
4. I shall be speaking in more details about the
Budget, its implementation and the over-all
national economic and social policies of the
Government in my address on May 29th, God
willing.
5. In designing the 2016 budget, we made a
deliberate choice to pursue an expansionary fiscal
policy despite the huge decline in government
revenues from crude oil exports. This is why we
decided to enlarge the budget deficit at this
time, to be financed principally through foreign
and domestic borrowings. All borrowings will
however be applied towards growth-enhancing
capital expenditures.
6. The signing of the budget today will trigger
concerted efforts to reflate the Nigerian
economy, a key element of which is an immediate
injection of N350bn into the economy by way of
capital projects. To illustrate our renewed
commitment to infrastructural development, the
2016 budget allocates over N200bn to road
construction as against a paltry N18bn allocated
for same purpose in the 2015 budget.
7. Despite the current difficulties we will work
extra-hard to achieve our revenue projections.
Our revenue generating agencies are coming
under better management and are being re-
oriented. The implementation of the Treasury
Single Account (TSA) is expected to contribute
significantly to improving transparency over
government revenues.
8. Our determined fight against corruption is
resulting in improvements in the quality of public
expenditure. The work of the Efficiency Unit, as
well as other public financial management
initiatives, are also contributing in this regard.
The continuing efforts to reduce recurrent
expenditures should hopefully free up more funds
for capital expenditure in 2017 and beyond.
9. As I said in my New Year message, living in
State House does not in any way alienate me from
your daily struggles. I read the newspapers and
listen to the TV and radio news. I hear your cries.
I share your pains.
10. We are experiencing probably the toughest
economic times in the history of our Nation. I
want to commend the sacrifice, resilience and
toughness of all Nigerians young and old who have
despite the hardships continued to have hope and
confidence of a great future for Nigerians. But
permit me to say that this government is also like
none other. We are absolutely committed to
changing the structure of the Nigerian economy
once and for all.
11.We are working night and day to diversify the
economy so that we never again have to rely on
one commodity to survive as a country. So that
we can produce the food we eat, make our own
textiles, produce most of the things we use. We
intend to create the environment for our young
peoples to be able to innovate and create jobs
through technology.
12. I cannot promise you that this will be an easy
journey, but in the interest of so much and so
many we must tread this difficult path. I can
assure you that this government you have freely
elected will work with honesty and dedication, day
and night to ensure that our country prospers
and that the prosperity benefits all Nigerians.
God bless Federal Republic of Nigeria