News

October 3, 2017

Senate drills Adeosun, Udoma, says 15% implementation of 2017 budget, not acceptable

Senate drills Adeosun, Udoma, says  15% implementation of 2017 budget, not acceptable

Minister Finance, Mrs. Kemi Adeosun, and Budget and National Planning Minister, Senator Udoma Udo Udoma

By Henry Umoru
ABUJA- FOLLOWING what it described as poor implementation and releases so far made out of the N7.4trillion in funding the 2017 budget, the Senate yesterday for well over two hours, drilled the Minister of Finance, Mrs Kemi Adeosun and her Budget and National Planning counterpart, Senator Udoma Udo Udoma.

Minister Finance, Mrs. Kemi Adeosun, and Budget and National Planning Minister, Senator Udoma Udo Udoma

The Senators who frowned at the poor implementation of the budget, warned that if not corrected and improved on, it would be very inimical to the fate of the All Progressive Congress (APC) in the next election, adding that it was unacceptable the release of less than 15% of the N2.177 trillion voted for capital projects in the 2017 budget.

Worried by the huge gap in the capital budget and the actual amount to be released, the senators warned that the trend could cause serious injury to the economy and grave danger to governance.

Both Adeosun and Udoma Tuesday appeared before the senate Joint Committee on Finance and Appropriations where members of the Committee asked the ministers various questions ranging from revenue profile to what had been released so far to the Ministries, Departments and Agencies, MDAs of government.