Breaking News
Translate

FEC approves 2017 Budget; document to be laid before NASS soon

By Levinus Nwabughiogu

ABUJA—THE Federal Executive Council, FEC, yesterday, approved the 2017 budget estimates, though details of the document were not made available.

Rising from a meeting which appeared to be very unusual, as it took almost the whole day at the Council Chamber of the Presidential Villa, Abuja, Minister of Budget and National Planning, Senator Udoma Udo Udoma, who briefed State House correspondents, alongside his colleague in Power, Works and Housing, Mr. Babatunde Fashola and the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, stated that the details would be made known when the President presents the document to the National Assembly, NASS.

On when the document would be presented to the National Assembly, Udoma said the Presidency would communicate formerly to NASS, saying ultimately, the timing would be decided by the Parliament.

PRESIDENT BUHARI PRESIDES OVER AUG 31 FEC 3. R-L; President Muhammadu Buhari, Vice President Prof Yemi Osinbajo, SGF Engr Babachir David Lawal and NSA Major General Babagana Mongonu as President presides over August 31 2016 Federal Executive Couincil (FEC) Meeting held at the Council Chamber of the State House in Abuja.

He said:  “The budget has been approved by the Federal Executive Council, the details will be revealed when the President presents the budget to the National Assembly.

“With regards to the date, the President will be communicating to the National Assembly and, of course, it will be at the National Assembly’s discretion ultimately. The President will write to them and after they confirm, then the President can come to address them.”

Speaking on the Medium Term Expenditure Framework, which was described as empty by the federal lawmakers, the minister denied any form of emptiness, saying the document was well prepared.

This was even as he gave updates on the implementation of the 2016 budget.

He said:  “The MTEF was a very well prepared document after extensive consultations. We consulted the private sector, NGOs etc.”

 

 

 


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.