NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
2018 budget: MDAs have complied with FG’s directives –Akabueze …Says 2019 elections won’t affect implementation

By Juliana Taiwo-Obalonye, Washington DC on 24/04/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 419

•Director General of Nigeria’s Budget Office, Ben Akabueze
•Director General of Nigeria’s Budget Office, Ben Akabueze

 

Director General of Nigeria’s Budget Office, Ben Akabueze, has disclosed that all the Ministries, Departments and Agencies (MDAs) have complied with President Muhammadu Buhari’s directives to submit details of their 2018 budget estimate to the appropriate committees of the National Assembly.

The president had last month given March 23 as the deadline for all agencies, corporations and government-owned companies to submit details of their 2018 budget estimates to the appropriate committees of the National Assembly.

Speaking to journalists on the sidelines of the 2018 IMF/World Bank Spring Meetings in Washington DC, Akabueze assured those seeking updates that the compliance is total.

Asked what plans are in place to drive aggressive implementation as soon as the budget is passed, the DG Budget said, “the MDAs learning from the experience of the past are gearing up for the budget to be passed and taking preliminary steps in their procurement and waiting for the budget. We hope that as was the case for the 2017 budget, though not passed until June, we still managed to attain a nominal level of capital expenditure that is the highest in the nation’s history.” Asked the amount spent on capital expenditure in 2017 budget, Akabueze said, “as of the last count, about N1.3 trillion had been released on the capital budget for 2017.”

On why the recurrent budget was still high, he said, “when you look at the high non-debt recurrent component of the budget, 70 percent of that is personnel cost. Therefore, the only realistic way you can drastically reduce recurrent expenditure now is to cut personnel. At this time, that is not an option the government is looking at. The focus now is on containing other aspects of recurrent expenditure and shoring up revenue.” (Daily Sun)

Source News Express

Posted 24/04/2018 04:10:32 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
INEC lauds contribution of security agencies to 2015...

Chief Justice seeks judicial reforms to combat financial...

7 labour leaders perish in auto crash

Council of State approves inauguration programme

Up, up goes Zenith Bank

Ebonyi inaugurates committee on cement production

Race for UNIZIK VC narrows down to 2...

Elumelu delves into agriculture, strikes deal with Agric...

26 states, FCT to benefit from N27bn World...

Pilgrimage: Sultan calls for restoration of Amirul Hajj...

Osogbo-born Professionals felicitate with Rasheed Bolarinwa on emergence...

State of the Economy: Okonjo-Iweala clears the air,...

 

Latest News Foreign Affairs Minister, Nnamani, others escape death as thugs disrupt Enugu APC Congress IPOB: Jewish worshippers dare police APC congresses: Six states produce 12 factional chairmen 2019: Buhari can’t win without nPDP – Saraki Kaduna appoints 77 new district heads APC faction upsets Tinubu, holds separate congress in Lagos Ohanaeze youths back Ijaw youths on restructuring Rampaging herdsmen kill 6 in another deadly attack in Benue Okorocha kicks as Imo APC holds congress 110 confirmed dead in Cuba plane crash; black box found Abdullahi says APC won’t recognise parallel congresses Miyetti Allah backs WAANSA Nigeria in battle against small arms proliferation

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (344,866 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,468 views) Shameless Genevieve Nnaji exposes breasts in public (272,992 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,440 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (204,928 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,409 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,645 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (158,946 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,001 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,111 views) Lagos plane crash: Journalist releases victims’ names (139,793 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,208 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,135) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (594) Global Business Monitor (273) International (1,964) Interview (149) Live Commentary (28) Love Matters (119) News (35,434) Opinion (949) Pidgin (10) Politics (5,019) Religion (741) Sports (1,512) Stock Watch (28) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement