20 September 2017, Sweetcrude, Abuja – Minister of Finance, Mrs. Kemi Adeosun, has enjoined Federal Government Ministries, Departments and Agencies,…
Browsing: 2017 Budget
Vincent Toritseju 14 September 2017, Sweetcrude, Lagos — The Federal Government through the Ministry of Finance and the Office of…
“This is a country of 180 million people and in another 10 years’ time, we are probably going to be the sixth or seventh largest country in the world. There is no way we are not going to need power, whether it is off-grid power or on-grid power.”
He noted that a study of the figures in the budget shows that, major priorities were given to areas that do not address the fundamental issues that Nigerians are passing through.
Osinbajo said, “Going forward, we have agreed with the National Assembly leadership on the necessity to get Nigeria back onto a predictable January to December fiscal year. To achieve this, the 2018 budget needs to get to the National Assembly no later than early October so that the National Assembly can conclude work on it before the end of the year.”
“We are also gradually instilling confidence in our exchange rate regime. This improvement in GDP growth and other macro-economic indicators is largely attributable to our strategic implementation of the 2016 Budget as well as stronger macroeconomic management and policy coordination.”
He said, “To find that N423 billion had been expended in the region with the type of results we see shows that there is something tangibly and obviously wrong with how procurement had been carried out in the ministry.”
*Nation to increase spending on roads, rail, ports, power *Budget to help rebound economy after it shrunk by 1.5% in…
“On behalf of our colleagues let me congratulate the committee. This is history been made, because this is the first time report of the Appropriation Bill will be laid with details. Because of that, by tomorrow (Wednesday) you will get hard copies of the report, but the soft copy will be ready today. We will distribute them and ensure we pass the bill on Thursday,” he said.
Sen. Ibrahim Gobir, who was speaking to newsmen in Sokoto on Saturday, noted that, “The delay in its passage is to allow the effective harmonisation of the documents by both the Senate and the House of Representatives.”
