Nigeria’s Budget Documents For 2016 Are “Lost”, Days After Currency Collapses

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Nigeria’s Budget Documents For 2016 Are “Lost”, Days After Currency Collapses
Image via ZeroHedge

In a bizarre political development on Wednesday, the parliament of Nigeria has had to delay consideration of the 2016 budget because the budget documents have been lost or stolen. A member of Nigeria’s parliament spoke to the BBC on Wednesday afternoon on condition of anonymity, saying that the senate of the African country had “lost” the pre-printed 2016 budget documents, but the lower house of the parliament has begun distributing the documents to its members.

As reported by ValueWalk, the Nigerian naira was pummeled on Tuesday after the Nigerian central bank announced a series of measures to protect foreign currency reserves.

Details on Nigeria’s missing 2016 budget documents

Apparently the Nigerian senate has not been able to begin debating the proposed budget because of the lost or stolen documents.

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