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FG begins Work On 2017 Budget, No Signing Date for 2016 Budget

Nigerians’ expectation of having the controversial 2016 budget endorsed in soonest by President Muhammadu Buhari has turned to a mere shadow chase when the Federal Government opened up on Wednesday that no date has been fixed for signing the controversial 2016 budget as the talks to reach a truce between it and the National Assembly on complicated areas in the document were still in on.

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Briefing newsmen at the end of a deliberation on decision for further negotiation with the federal lawmakers at the Federal Executive Council (FEC) meeting, presided over by the President, at the Presidential Villa, Abuja, the Minister of Budget and National Planning, Mr. Udo Udoma alongside his colleagues in the Ministries of Petroleum Resources, Ibe Kachikwu; Power, Housing and Works, Babatunde Fashola; Communication and Technology, Adebayo Shittu, stated that ahead of the eventual signing of the budget, the Federal Government had set up a Monitoring and Evaluation mechanism to ensure that the document was duly implemented.
Udoma also denied that the document was returned to the National Assembly for fresh work on it.
He said: “On the expectation that we will soon have a budget, there is a monitoring and evaluation mechanism to make sure that the budget delivers what it promises. That mechanism was looked at by the Federal Executive Council and approved.”
Although this year budget is yet to be sign, Udoma disclosed the FG has begun moves to ensure a smooth passage for 2017 budget.
“To make sure that 2017 budget is done on time; a timetable was approved for the 2017 budget. In addition, council noted the report of the Nigerian Economic Summit Group which, in partnership with the National Planning Commission, organised an economic summit last year and made various recommendations. These recommendations were presented and noted.”

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