This was the outcome of yesterday’s 3-hour emergency meeting of the
Federal Executive Council (FEC) chaired by Pres Buhari. Budget and
National Planning Minister, Udoma Udo Udoma, said the council also
approved the Medium Term Expenditure Framework for the 2016 budget.
According to him, this sets up the policies of government over the next 3 years. He said that 30% of the budget would go into capital projects with a view to addressing the nation’s infrastructure deficit.
He added that the FG hope to fund the budget by increasing non-oil revenue and from funds generated by government agencies, especially the Federal Inland Revenue Service. The council also projected and was working with $38 crude oil price…… d budget is too small I must confess…..
approved the Medium Term Expenditure Framework for the 2016 budget.
According to him, this sets up the policies of government over the next 3 years. He said that 30% of the budget would go into capital projects with a view to addressing the nation’s infrastructure deficit.
He added that the FG hope to fund the budget by increasing non-oil revenue and from funds generated by government agencies, especially the Federal Inland Revenue Service. The council also projected and was working with $38 crude oil price…… d budget is too small I must confess…..
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