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Budget of Consolidation
Sen. Udoma Udo Udoma, the Minister of Budget and National Planning, on Thursday, says 2018 budget projections are achievable with cooperation from the National Assembly and other stakeholders.
The Federal Government says it is determined to ensure effective implementation of the 2018 Budget notwithstanding the delay it encountered before it was signed into law.
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, says the Federal Government will borrow N1.6 trillion to finance part of the N9.12 trillion 2018 budget.
Nigerians expecting to have approved 2018 appropriation law before the expiration of 2017 budget next Thursday may have to wait a little longer as President Muhammadu Buhari is at the moment reviewing the Appropriation Bill recently passed by the National Assembly.
Mr Eze Onyekpere, Lead Director, Centre for Social Justice (CSJ), a Civil Society Organisation (CSO), says the delay in the passage of the 2018 budget is impacting negatively on the economy.
The Chairman Bwari Area Council, Mr Musa Dikko, on Thursday in Abuja presented the council’s 2018 budget proposal of over N4.7 billion to members of the Council’s Legislative.
The Rivers State House of Assembly has passed the 2018 Appropriation Bill, christened ‘Budget of Consolidation’ into law.
The Federal Government has voted over N40bn in the 2018 budget to meet up with the Sustainable Development Goals programmes (SDGs), which used to be Millennium Development Goals.
Kaduna State governor, Malam Nasir el-Rufai, yesterday, signed into law the N216.55 billion for the 2018 budget, saying the full implementation will commence 1st January next year.
A lawmaker in the Lagos State House of Assembly, Mr Olusola Sokunle, has called for more budgetary allocation to education sector to position the nation rightly in the path of development.
Former Chairman of the Peoples Democratic Party, Senator Barnabas Gemade, has stated that nobody can fault President Muhammadu Buhari on lack of projects on ground to show ahead of 2019.
Acting Chairman, Fiscal Responsibility Commission (FRC), Mr Victor Muruako, has advised the Federal Government to consolidate on the gains in the agricultural sector to realise its projections for the 2018 budget.
An economist, Prof. Okey Onuchukwwu, on Wednesday urged the Federal Government to ensure full implementation of the 2018 budget when passed into law.
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