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The Federal Executive Board (FEC) bygone said it was cat-and-mouse on  the National Assembly to accord a date for President Muhammadu Buhari to present abutting year’s budget.



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The board aftermost Friday during a appropriate affair presided by Buhari accustomed the account angle for abutting year’s budgetary calendar. This year’s account was presented to the collective affair of the National Assembly by President Buhari on November 7, 2017.

Responding to catechism from State House reporters at the end of yesterday’s FEC meeting, the Minister of Account and Planning, Udoma Udoma, said the account had back been ready.

Udoma who abreast reporters alongside his Information counterpart, Lai Mohammed and that of Transport, Rotimi Amaechi, said the Board was cat-and-mouse for the National Assembly to accord a date for the presentation.



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“As you already know, the account is ready. We are liaising with the National Assembly because they are to accord us a date. If they say today, we will go. The account is ready,” he said.

The FEC had on 24th October, this year accustomed the Medium Term Expenditure Framework (MTEF) and Budgetary Strategy Paper (FSP) for the 2019 -2021 to accommodate arrangement for the 2019 budget.

In the MTF/FSP, N8.73 abundance was proposed for the 2019 budgetary agenda which is N400bn lower than that of this year. Also, the amount of awkward oil per butt was called at $60, barter amount at $305 and circadian awkward oil assembly was put at 2.3million by the FEC.

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…NBS’s GDP address shows our affairs are working

Meanwhile, the Board bygone said that the address of the National Bureau of Statistics (NBS) on the country’s Gross Domestic Product (GDP) has adumbrated that the country’s affairs on the awakening of the abridgement are working.

Udoma said “Today (yesterday) I appear to the FEC that we accept apparent abiding accretion from the recession period. The address indicates that the economy, back abstinent by absolute GDP, grew at 1.81percent in the 3rd division 2018, compared to 1.5percent in the 2nd division of 2018.”

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He said the board was decidedly encouraged to agenda that bread-and-butter advance continues to be apprenticed by the non-oil area which grew by 3.32percent in the 3rd quarter.

“This has been the arch advance in non-oil GDP in  12 after abode back the fourth division of 2015,” he said.

N7.13bn accustomed for littoral waterways security

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Also, the board has accustomed the arrangement for the aegis of six sections of the country’s littoral means to six companies at the amount of $22.995m, agnate to N7bn.

Ameachi who batten on the contract, said it was awarded to enhance the aegis at the littoral means of the country.

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Last Updated: December 20th, 2018 by admin
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