The Federal Government has approved a timetable for the 2017 appropriation, while it maintains that talks are still on with the National Assembly for the finalization of the 2016 budget.
Minister of Budget and National Planning Udo Udoma told newsmen after the Federal Executive Council (FEC) assured that Nigerians would soon have a budget.
“On the expectation that we will soon have a budget, the monitoring and evaluation mechanism to make sure that the budget delivers what it promises. That mechanism was looked at by the Federal Executive Council and approved.
“To make sure that 2017 budget is done on time, a timetable was approved for the 2017 budget” Udoma said.
The 2016 is currently awaiting Presidential assent as it is now shrouded in controversy. President Muhammadu Buhari declined assenting to sign the 2016 budget which was transmitted by the National Assembly after discovering distortions of some of the projects initially proposed.
Council also noted the report of the Nigerian Economic Summit Group (NESG) which in partnership with National planning Commission organised an economic summit last year and made various recommendations. The recommendations were presented and noted.
