President Buhari To Present 2017 Budget Next Week

president-buhari-to-present-2017-budget-next-week


President Muhammadu Buhari has indicated that he will present the 2017 budget before the National Assembly on Wednesday, December 14.

This was contained in a letter read by Senate President, Bukola Saraki during Tuesday’s plenary on the floor of the Senate.

Part of the president’s letter read: “I wish to formally address a joint session of the National Assembly on the 2017 budget and our quest to get the country out of recession”.

Recall that last week, the Federal‎ Executive Council, FEC, had approved the 2017 budget, which is estimated to be N7.02trn.






     

     

    The budget was prepared using an oil benchmark of $42.5 per barrel.

    The senate has considered the Medium Term Expenditure Framework, MTEF, which is a precursor to the budget.

    It had earlier rejected the initial Medium Term Expenditure Framework, MTEF, document sent to it by the executive, describing the document as ‘empty’.

    Senate Leader, Ali Ndume accused the Minister of Finance, Kemi Adeosun, and that of Budget and Planning, Udoma Udo-Udoma of refusing to provide details of the document.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent

    - Advertisement