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Minister Outlines Gains Of 2016 Budget - Politics - Nairaland

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Minister Outlines Gains Of 2016 Budget by kurt09(m): 9:31am On Mar 22, 2016
Minister of Budget and National Planning, Udoma Udo Udoma yesterday listed the expected gains of the 2016 budget.
According to him, the budget is designed
to achieve: creation of significant number of jobs to reduce unemployment; deliver inclusive growth to Nigerians, reflation of
the economy through government
expenditure-led growth strategy with
emphasis on infrastructure development
and also cater for the poor and
vulnerable through special social
intervention programmes.
He also listed building an economy that is less vulnerable to oil price shocks by
creating a resilient diversified income
base, and creating an Efficient Public
Financial Management System and
increased revenue by broadening the tax
base, as well as ensuring efficient revenue collection, blocking leakages and reducing cost of governance through IPPIS, efficiency unit among the benefits.
The Minister made this disclosure in
Abuja in a presentation at the National
Economic Council’s Retreat on the
Economy entitled "Strategic
Implementation Plan for the 2016 Budget of Change"
His words: "The 2016 budget is designed
to deliver inclusive growth to Nigerians,
and also create significant number of jobs to reduce unemployment/
underemployment especially among the
youth.
It includes also reflating the economy
through government expenditure- led
growth strategy with emphasis on
infrastructure development and also
cater for the poor and vulnerable through special social intervention programmes"
Udoma also explained that the federal
government has designed a strategic
implementation plan to ensure an
effective implementation of the 2016
Budget of Change, which he said will be
announced once the budget is passed in
to law.
"The Strategic Implementation Plan will
set out the policy direction and some
expected outcomes of the Federal
Government’s Programme and projects
to be implemented in 2016, introduce
innovative financing and expenditure
management measures. The
implementation plan is simply a road-
map of key macro –economic and
sectoral policies and strategic targets for
the 2016 Fiscal year" he said
Six major strategies in the Implementation plan are in the areas of;
policy security & governance, Diversify the Economy, power, Rail & Roads, Oil & Gas Reforms, Ease of Doing Business and
Social Investment, stating that states have key roles to play toward ensuring
effective implementation of the various
policies, programmes and projects in the
pillars.


www.vanguardngr.com/2016/03/minister-outlines-gains-of-2016-budget/
Re: Minister Outlines Gains Of 2016 Budget by SleekMallam: 9:41am On Mar 22, 2016
Rubbish! 2016 budget was designed as the greatest heist in the history of the black race.
Re: Minister Outlines Gains Of 2016 Budget by DonBobes(m): 9:43am On Mar 22, 2016
nawa 4 u o. Y u com book space lik dat nw!
Re: Minister Outlines Gains Of 2016 Budget by SleekMallam: 9:44am On Mar 22, 2016
DonBobes:
nawa 4 u o. Y u com book space lik dat nw!
Hello?
Re: Minister Outlines Gains Of 2016 Budget by lormarx: 9:46am On Mar 22, 2016
kurt09:
Minister of Budget and National Planning, Udoma Udo Udoma yesterday listed the expected gains of the 2016 budget.
According to him, the budget is designed
to achieve: creation of significant number of jobs to reduce unemployment; deliver inclusive growth to Nigerians, reflation of
the economy through government
expenditure-led growth strategy with
emphasis on infrastructure development
and also cater for the poor and
vulnerable through special social
intervention programmes.
He also listed building an economy that is less vulnerable to oil price shocks by
creating a resilient diversified income
base, and creating an Efficient Public
Financial Management System and
increased revenue by broadening the tax
base, as well as ensuring efficient revenue collection, blocking leakages and reducing cost of governance through IPPIS, efficiency unit among the benefits.
The Minister made this disclosure in
Abuja in a presentation at the National
Economic Council’s Retreat on the
Economy entitled "Strategic
Implementation Plan for the 2016 Budget of Change"
His words: "The 2016 budget is designed
to deliver inclusive growth to Nigerians,
and also create significant number of jobs to reduce unemployment/
underemployment especially among the
youth.
It includes also reflating the economy
through government expenditure- led
growth strategy with emphasis on
infrastructure development and also
cater for the poor and vulnerable through special social intervention programmes"
Udoma also explained that the federal
government has designed a strategic
implementation plan to ensure an
effective implementation of the 2016
Budget of Change, which he said will be
announced once the budget is passed in
to law.
"The Strategic Implementation Plan will
set out the policy direction and some
expected outcomes of the Federal
Government’s Programme and projects
to be implemented in 2016, introduce
innovative financing and expenditure
management measures. The
implementation plan is simply a road-
map of key macro –economic and
sectoral policies and strategic targets for
the 2016 Fiscal year" he said
Six major strategies in the Implementation plan are in the areas of;
policy security & governance, Diversify the Economy, power, Rail & Roads, Oil & Gas Reforms, Ease of Doing Business and
Social Investment, stating that states have key roles to play toward ensuring
effective implementation of the various
policies, programmes and projects in the
pillars.


www.vanguardngr.com/2016/03/minister-outlines-gains-of-2016-budget/
dem don dey check d gains for dem pocket n bank accounts
Re: Minister Outlines Gains Of 2016 Budget by SouthernBreeze(m): 9:48am On Mar 22, 2016
Another thrash meant for zombies to digest. 2016 budget is a national disgrace

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