The federal government has let Nigerians into some of the details of the 2017 budget during a retreat for ministers and some of heads of agencies in Abuja on Thursday, September 15. The 2017 budget contains details that will boost the economy and get the country out of recession. The News Agency of Nigeria (NAN) reports that the budget, which has already been approved by the Federal Executive Council (FEC) but has not yet been presented to the national assembly, is focusing largely on pumping funds into capital projects to get the economy running again.
According to NAN, the retreat is aimed at helping the government stakeholders understand how the 2017 budget will run and familiarise themselves with the process. The retreat, it reports, will help set the tone for “prioritizing projects and programmes of ministries to fit into the 2017-2019 MTSS, 2017-2020 Medium Term Plan and 2017 Budget” and “also improve understanding on Budget ceiling for MDAs for 2017 Budget.” It also quoted Akpandem James, media adviser to the budget minister, Sen. Udoma Udo Udoma as saying that the key objective of the retreat is to discuss the 2017 Budget and steps being taken to get the economy out of recession. It was held at the Banquet Hall of the State House, Abuja and was chaired by President Muhammadu Buhari and vice president, Yemi Osinbajo.
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