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Saturday, 18 June 2016

News:FG Reassures On Proper Implementation Of 2016 Budget

Ahmed Zainab, Budget Implementation

Federal Government of Nigeria has reassured the nation that it will give priority attention to infrastructure, agriculture and power in the implementation of the 2016 budget.

This was said by the Minister of State for Budget and National Planning, Ahmed Zainab, at a meeting with members of Civil Society Organizations in Abuja on the implementation of the 2016 budget.
Over one month after the 2016 appropriation bill was passed by the National Assembly, some members of the civil society organizations have expressed their concerns about its implementation.

Some of them in the meeting were especially concerned with how the Federal Government would implement the 30% earmarked for capital projects.
A total of 6.06 trillion was appropriated for the 2016 fiscal year by the Federal Government with over two trillion deficit to be financed by borrowing recovered loots.
The Acting Director-General of the Bureau for Public Procurement, Ahmed Abdul, said that government would save over 40 billion Naira to finance capital projects with the adoption of electronic purchasing system in its offices.
The 2016 budget is referred to by the incumbent government as a ‘budget of change’ but analysts say the change the budget proposes depends so much on its implementation.

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