At the moment, the Federal Government cannot give a specific date when the 2016 budget would be signed into law.
While Nigerians groan and grumble over the continuous delay in assenting the budget, the executive says it’s still holding talks with the National Assembly to sort out grey areas in the document.
Speaking after the Federal Executive Council meeting at the Presidential Villa, Abuja on Wednesday, the Minister of Budget and National Planning, Udo Udoma, said the Federal Government had set up a Monitoring and Evaluation mechanism to ensure that the budget was duly implemented.
He however, denied that the document was returned to the National Assembly for fresh work on it.
“On the 2016 Budget, we are still talking. On the expectation that we will soon have a budget, the monitoring and evaluation mechanism to make sure that the budget delivers what it promises. That mechanism was looked at by the Federal Executive Council (FEC) and approved.”
“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.”
“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.”