Newsexpress place banner advert Yudala genuine products
Ministers, experts list ways out of economic recession

By News Express on 20/09/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 1,649


The Cabinet Retreat on the Budget, held at the Banquet Hall State House, Abuja, on Thursday, September 15, 2016 has come up with ways out of the country’s current economic recession. The suggestions are contained in a communique of the retreat issued on Monday by the organiser, the Ministry of Budget and National Planning.  

The communique listed key resolutions reached at the retreat as follows:

(i) The programme of action for dealing with the recession and the current effort of government in developing an Economic Emergency Recovery Bill to address the situation as well as the plan to bridge the funding gap was endorsed by participants;

(ii) The need to prioritise capital spending in the 2017 budget in the area of infrastructure development, Agriculture and social intervention;

(iii) The Retreat participants agreed on 2-3 quick-win areas to be implemented before the end of 2016 and 6 priority/programme project areas for the 2017 Budget. These included:

Quick wins:

(i) Immediate implementation of the social intervention

programmes (School Feeding, N-Power, STEM, CCT, etc);

(ii) Effective communication of government projects,

programmes and policies to the citizens will go a long way in mobilising support for government to succeed;

(iii) Local debt repayment, including debt owed states and contractors to stimulate spending.

(b) Priority Project/Programme areas:

(i) Infrastructure, including Power, Rail and Public Works

Agriculture & Agro Processing;

Mining & Solid Minerals;

Social Intervention Schemes/ Public works;

Human Capital Development; and Population census to facilitate accurate data for planning

The Ministry of Budget and National Planning is to further review and fine-tune the proposal priority areas for incorporation into the 2017 Budget

News Express reports that the theme of the Retreat was “Building Inter-Ministerial Synergy for Effective Planning and Budgeting in Nigeria”.

The retreat was structured into two parts, with the first devoted to technical level presentations on the economy by Minister of Budget and National Planning Udoma Udo Udoma and four Economists/Development experts from the private sector. The second part featured syndicate group discussion and presentation of the outcome by retreat participants.

The opening ceremony of the event was chaired by President Muhammadu Buhari, whose key message was the need for cabinet members to think “out of the box” and propose strategies towards moving the country out of recession.

The retreat was attended by 234 participants consisting of ministers, Secretary to the Government of the Federation, the Head of Civil Service of the Federation, Permanent Secretaries, Heads of Government Parastatals and other senior government officials.

•Photo shows Udo Udoma.

Source News Express

Posted 19/09/2016 10:59:42 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Intersociety hails Reps’ move to create independent Nigeria...

How Nigeria can get out of economic recession:...

APC chieftain Imo Isemin concedes defeat, congratulates Akwa...

Amosun demands special security status for Ogun

Kaduna denies banning Shi’ites, but says group ‘illegal’...

Okowa congratulates new NUJ President, Odusile

5 Islands disappear under water

NIMET predicts sunny, hazy and cloudy weather for...

Flooding imminent as Camerooon releases water from Lagdo...

Nigerian Breweries holds beer and health symposium in...

PDP complains of ‘mago mago’ in Edo governorship...

Earthquake shakes Japan’s Tokyo area

 

Latest News South African church bars blacks Drug abuse rate among girls worrisome — NDLEA Lambo, Jemibewon, others declare support for Dino Melaye Sacked whistleblower regains job at Foreign Affairs Ministry NIIT to subsidise scholarship fees Anambra Guber: Bishops pray for Chidoka, urge spirit of sportsmanship among politicians Farmers to get agronomy training for yam export Land tussle: Iwaya Community Lagos floors Anglican Church at Supreme Court Book on Brigadier Maimalari killed in 1966 coup for public presentation Grazing Reserve: Yobe provides 2,500 hectares of land 38 Nigerian Universities increase tuition fees IBB calls for restructuring of Nigeria

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (259,477 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (238,838 views) Shameless Genevieve Nnaji exposes breasts in public (195,887 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (169,973 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (165,275 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (146,839 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (127,320 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (121,509 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (112,234 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (105,403 views) Lagos plane crash: Journalist releases victims’ names (105,361 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (98,146 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,601) Business Verdict (17) Columnists (702) Complaints & Requests (92) Enterprise & Opportunities (159) Entertainment (335) Features (461) Global Business Monitor (154) International (1,427) Interviews (124) Live Commentary (28) Love Matters (59) News (25,818) Opinion (736) Pidgin (8) Politics (3,745) Religion (567) Sports (1,281) Stock Watch (18) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Thousands of Biafrans gather at Nnamdi Kanu’s father’s palace for address...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!