Satisfied that it had weathered the storm over the 2016 budget, the Federal Government has raised a special committee that is saddled with the task of monitoring its smooth implementation in order to give Nigerians real value. The committee, according to the Budget and National Planning Minister, Senator Udoma Udo Udoma, is headed by the Vice President, Yemi Osinbajo, who is effectively saddled with the task of tracking the performance of the budget and reporting back to the President for necessary action.

This comes after a breakthrough appeared to have been made between the Presidency and the National Assembly over the budget. The two sides met on Tuesday night for some hours and deliberated on the controversial areas and resolved the thorny areas. The meeting, according to competent source, was to deliberate on grey areas that had forced the NASS to return the fiscal document to the executive and generated untold tension in the land over the weeks. Among those said to have attended the meeting, were ministers responsible for finance and national Planning, the leadership of the Senate and House of Representatives as well as officials responsible for revenue generation.

Also in attendance were heads of Finance and Appropriate committees in the National Assembly and other officials of the budget office. A top source close to the meeting told Saturday Vanguard on Friday that it was ‘probably the last in the series’ to break the deadlock in the budget row even though it was the third to be held within the last one month. “We are confident that a solution had been found to the controversial issues in the budget document before the NASS. The truth of the matter is that the controversy arose because some people did not want to go with President Buhari’s Zero-budget having been used to the ‘envelop system”. “Despite all the furore over the budget, the truth remains that there is nothing wrong with it; the final figure is not affected despite what some persons tried to add to it.

“Hopefully, a common ground has now been found that would pave the way for the passage of the budget within the next two weeks so as to move the country forward,” the source said. Udoma while receiving a delegation from the Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) expressed optimism that this year’s budget would bring about economic growth for Nigerians.

The Minister said the budget was structured according to the realities of the Nigerian economy; as the country could no longer continue to depend on only oil to fund its budget. Udoma said, “Our 2016 Budget is designed to have capital component of 30 per cent that will reflate our economy and provide Infrastructural growth for investors to leverage upon.”

Acknowledging the private sector as the engine room of development, Senator Udoma told the delegation that the present administration is fully committed to building an investment friendly environment for the organized private sector, which is part of why this year’s budget gave prominence to infrastructure development. He agreed that the private sector required sound and effective infrastructure to operate and assured that government was doing everything possible to ensure that the engine room of the economy runs smoothly.

This desire of government, he explained, was why it deliberately decided that this year’s budget must align with planning needs, pointing out that the structure of the budget is very good as it does not only address development needs but does not entirely depend on oil as its only source of funding. He assured that Government was fashioning out policies that would encourage export and domestic production in its determined effort to ensure that most of the things consumed in the country are produced in Nigeria.

Earlier, the national president of NACCIMA, Chief Bassey E. Edem had applauded the Zero-based budget system adopted by the Federal Government and particularly the diversification policy of the present administration. While stressing the need for a focused infrastructure development effort to better the state of roads, rail and electricity in the country, the NACCIMA president advised to give priority attention to agriculture and solid minerals development as these were capable of providing alternative sources of bulk income for the country.

http://www.vanguardngr.com/2016/02/2016-budget-presidency-nass-break-deadlock-as-vp-osinbajo-heads-monitoring-committee/

Great

Good!


"Budget mafia" , shame on you.

APC Budget of Fraud.

Shame on the criminal CHANGE.

Haters, get ready to wail some more!

Keneking:
Great

What is your operating system?

Bad news to the wailers. Watch how Buhari overcomes his many opposition inspired tantrum to rule the country well.

The storm will soon be over!
Sai Buhari the last hope of common man

The NASS headed by Saraki is not what Nigeria needs at this crucial moment.

Vetting and correcting wrong and/suspected allocations in a budget proposal is a primary responsibility of the Legislature in the first place. So, I don't see why the Senate needed to even return the budget. It only needed to do necessary amendments and pass it as amended.

This budget packs more drama than even telemundo! At this rate we may get to christmas day before it is finally implemented!








**sips breakfast gulder in furious anger**

Good development, but the budget Mafia must not go unpunished .

casket:
Good development, but the budget Mafia must not go unpunished .

Trust the president to bring them to justice.

As he once said, not that there won't be mistakes but he will take responsibility for such mostakes and implement necessary corrections.

Na only Osinbajo I trust for the entire govt

Make them do pass the budget abeg....

I hope the final document will make sense

hy

[s]

Firefire:
APC Budget of Fraud.
Shame on the criminal CHANGE.

Shame on you. No more free breads for you guys. You can wail till thy kingdom come

The truth of the matter is that the controversy arose because some people did not want to go with President Buhari’s Zero-budget having been used to the ‘envelop system”.

Can't APC make single statement without accusations and pointing fingers

Each time I hear about this scam, mutilated and devil lacerated latent crime infested budget I feel ashamed as a Nigerian. For the first time in history a government could not produce and defend a national budget. Anyway this is CHANGE!

Good.

This is important for them to perpetuate the atrocities they started since the budget presentation. Corruption in grand style

Fraudulent Budget!

Useless govt

Wch deadlock if I may ask. A padded n fraudulent budget dat has bn exposed alredy to all Nigerians. Unless u ll tel me it's sumtin related to d saraki saga then I ll say it's related. Aftr all dat hapnd, FG is telling us nothin is wrong wit d budget n d figures r still d same. Pls who is d govt fooling? So much for d change era. #ScamParty

Fire brigade service operators. Scammers!

Shows u r doubting ur masters wit dis 'great' trend of urs abi dem neva pay u

Keneking:
Great

At last, the good Nigerian who bought this fries deemed it fit to return the missing budget to the Senate

Sai baba

This is not d regime of ogogoro master.

:/