The Federal Executive Council (FEC) today (Wednesday July 25, 2012), confirmed that the implementation of the 2012 budget has reached 56% from 39% as at the end of May.

Briefing State House Correspondents at the end of the council meeting chaired by President Goodluck Jonathan, the minister of finance, Dr. Ngozi Okonjo Iweala said that the 56% represents 324 billion naira of the 404 billion so far released.

She stressed that the objective remains that president Goodluck Jonathan and the executive arm of government are on the same page with the National Assembly in the execution of the budget and the need to deliver on the development programmes of the country.

On the reports that the lower legislative chamber wants President Jonathan to implement the budget 100% before September or be impeached, she said that “there is nowhere in the country where budget is implemented 100% by September” insisting that from her experience the least any country has done is 80%.

The FEC said that there is no lack of effort on the part of government on budget implementation expressing the confidence that in the next few months both the National Assembly and Nigerians will say “yes a good effort has been made”.

Director General of the Bereau for Public Procurement (BPP), Emeka Eze highlighted the challenges in budget implementation, saying that “all projects must go through a process of scrutiny by the BPP and this is time consuming” he explains.

The FEC directed that henceforth in bilateral agreement with any country on issues of education beginning with Turkey, the Ministry of Education should ensure a proper need assessment that will enable Nigerian students go into areas of study that are of national priority.

jmaine:

http://www.channelstv.com/home/2012/07/25/100-per-cent-budget-implementation-not-possible-by-september-okonjo-iweala/

[size=14pt]On the reports that the lower legislative chamber wants President Jonathan to implement the budget 100% before September or be impeached, she said that “there is nowhere in the country where budget is implemented 100% by September” insisting that from her experience the least any country has done is 80%.[/size]

Demdem: To be honest, asking for 100% from these foools will be all over the top. being a realist here. Am encouraged that she said 56% has been achieved so far (july ending), thats not bad but wait a minute, what was this huge amount spent on? Lets see if the house will agree with her or not. She can be lying, she has lied several times even on live TV before and can still do it again.

jmaine:

On the reports that the lower legislative chamber wants President Jonathan to implement the budget 100% before September or be impeached, she said that “there is nowhere in the country where budget is implemented 100% by September” insisting that from her experience the least any country has done is 80%.

http://www.channelstv.com/home/2012/07/25/100-per-cent-budget-implementation-not-possible-by-september-okonjo-iweala/

Kobojunkie:

Madam I disagree there.

#1. Most developed Nations are in the situation as Nigeria,and so I see no sense in your trying to compare Nigeria with DEVELOPED countries. That is unless your intention is to compare Nigeria's budget implementation standards with those of other third-world countries.In that case, I will question your understanding of the problem we would like to have solved in this country.

#2. Last year, you announced that well over 20,000 projects were abandoned(most of them already payed for). What that information suggests to me is that we could never have made 100% to begin with, not because of what happens in other countries, but because the "system" we hired you to replace/overhaul, inhibits that from happening. According to you, We have a backlog of projects and that to me implies we need to be at over 100% from 2012 onward if we intend to catch up(catch up to the future we deserve).

#3. The 2012 Budget consist of more than 80% allocations to ONGOING PROJECTS. So, I see no reason why the Nigerian People should not expect many of those ONGOING PROJECTS to have been completed or UPDATED by September of 2012.

Delafruita:
what else could it have been spent on other than recurrent expenditure?the total 887billion budgetted for subsidy for 2012 has already been expended as at june.it makes me wonder where they'd get the money to pay for the rest of the year.they'd probably act the same film as last year

Demdem:

Wait a minute, is recurrent expenditure part of it? i even thought she was reffering strictly to Capital expenditure by virture of her language

that the 56% represents 324 billion naira of the 404 billion so far released.

Delafruita:
isnt recurrent expenditure part of the budget?76% of the budget was for recurrent expenditure so i can assure you if they even make 80% implementation,only 4% will be to capital expenditure.like femi gbaja said,"this is a voodoo democracy"

mekaboy: 56% has been shared and looted.

Wised: I tink wat she is sayin is ryte,most of d pples in d lower chambers dnt knw wat national budget is al abt;dy shud live r 2 handle it cos she is a professional

dasparrow:

Mtshew! whatever they say. Our government is always making flimsy excuses for their professional and political inadequacies. We will soon be entering the eight month of 2012 and our leaders are still talking about not implementing the 2012 budget. So when we get into 2013 God willing, when are our leaders going to draft and implement that budget? This is what happens when we vote in a person based on tribe affiliation rather than competence. Enjoy the fresh air fellow Nigerians!


PS: I will be back on this thread to make sure my post did not grow wings and fly away into oblivion since lately a few of my posts have been mysteriously disappearing. Peace, out!

uncleb:

It is not practicable to achieve 100% budget implementation? I was deeply shocked when i heard this from aunty Ngo yesterday. it even baffles me that she wasn't even trying to explain to us that there are constraints and impediments, rather she merely told Nigerians that their government will not and cannot implement the budget to the latter.

.

tiarabubu: Madam NOI has a point.

Money inflows dont come in one go. Taxes are collected everyday - not once. Crude is exported every day - not once. The budget is based on anticipated income - not income in a bank. The MDA's capacity to spend is progressive. Eg the contractor working on Abuja - Lokoja Road works progressively and is paid as work is done. He is not paid up front or in bulk. Civil servants are paid salaries MONTHLY and by september only 75% of the salaries for the year would have been paid (ie 7/12 x 100)- they are not paid yearly. And considering that overheads are major component of the budget.

For these reasons, I think she has a point that its impossible to implement the budget 100% by September, unless the National Assembly and the Executive agreed on the programme of expenditure (i.e. quarterly or monthly) that they can hold on to, but then the variances in the inflows and outflows of revenue monthly will render that a guide at best.

I think its all politics. The national assembly is most likely mad at the Executive cos of the Facrook and Otedollar scandal which they see as being engineered by the Presidency. This shadow boxing is all horse trading. No sooner than later, a compromise will be found, Otedollar and Facrook will be given a soft landing and Nigerians will all be loosers yet again. Phew!

chucky234: Take out time to education yourself on revenue generation and process of budget implementation before coming out here display your deluded moronic post,the 56% is 340 billion naira but you should have asked yourself how much the country generate from taxes and sales of crude oil in seven months.

Your poor analysis of income outflow and inflow is pathetic, NOI and GEJ have no excuss not to implement 90% of the budget by Sepyember.

You are not even ashame to list contractor working on Lokoja-Abuja road in reference to the 2012 budget,most of those amount are paid 100% upfront even before the contractors mobilise their workers to site as that will afford them to overdraft the invoices and make huge money from the said contracts.

There are more evil going on in this govt than what we assumed.

Wised: I tink wat she is sayin is ryte,most of d pples in d lower chambers dnt knw wat national budget is al abt;dy shud live r 2 handle it cos she is a professional