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#2016Budget: FG Unveils 34 Priority Projects - Politics - Nairaland

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#2016Budget: FG Unveils 34 Priority Projects by phemmyutd(m): 7:05am On May 05, 2016
President Muhammadu Buhari will today receive the clean copy of the 2016 budget from the National Assembly, just as the federal government has unveiled 34 strategic priority projects for this year.

Speaking to State House correspondents after the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo, minister of state for budget and national planning, Zainab Ahmed, alongside the minister of information, Lai Mohammed, minister of state for industry, trade and investment, Aisha Abubakar, minister of state for foreign affairs, Khadija Abba Ibrahim, stated they discussed the strategic implementation plan for the 2016 budget.

She said: “On the 2016 budget, I must say the executive and legislature have worked very hard in putting things together, reviewing the details of the budget and it is at its final stage; so maybe between today (Wednesday) and tomorrow, the National Assembly will start the process of transmitting the details to the president.

According to her, the Ministry of Budget and National Planning presented to council for discussion priority economic activities that the administration needs to undertake to ensure that the purpose for which the 2016 budget was made, which is to stimulate the economy, to create jobs for our teeming youths and to extend support to the poor and very vulnerable, is realised.

She said the ministry presented 34 strategic priority programmes that need to be realised within 2016, noting that each of these projects programmes has very clear deliverables and targets and indicators which will be measured to ensure that the respective ministries, departments and agencies (MDAs) deliver on the desired goals.

Ahmed disclosed that these 34 specific areas are grouped into four major objectives. The first is policy, governance and security; the second is diversification of the economy; the third is creating support for the poor and the vulnerable while the fourth is reflecting the economy through investment.

She stated that the paper was well received by council and that the 34 priority projects were approved for implementation.

According to her, the Ministry of Budget and National Planning has been given responsibility to track and report the performance of these key priority areas to the council on quarterly basis.

She said: “The 34 priority areas that we need to implement in 2016 are categorized into six thematic areas. There is policy, governance and security and one item from that is to achieve and maintain a capital spend minimum of 30 per cent on an annual basis starting from 2016.

“The objective of doing that is to reflect the economy and enhance employment generation capacity for the productive sector. Another area is to achieve an appropriate exchange regime; the Central Bank of Nigeria (CBN) is leading this particular action. The objective is to achieve a predictable exchange rate by the end of 2016.

“There is also a target for us to increase low interest lending to the real sector. The focus is to achieve an interest rate that is single digit, maybe nine per cent, and the purpose is to increase output and growth. Again the Ministry of Industry, Trade and Investment along with the CBN are taking action on this.

“We also have a target to maintain a stable debt management strategy so that we can optimise the local and foreign debts that we have and the Ministry of Finance and the Debt Management Office will be taking action on this.”

On the issue of diversifying the economy, she said the administration plans to implement measures to achieve self-sufficiency and become a net export of certain number of agricultural produce, the first one being rice.


“We plan to attain self-sufficiency in rice production by 2018, in tomato paste by 2016 and also increase local production of maize, soya beans, poultry and livestock. The deadline for these will be announced later in the year. The Ministry of Agriculture is still trying to work out details. It means we will stop importing and we will get to a point when we will start exporting.

“We also have plans to expand the agro-allied sector to intensify local production of cassava, cocoa, cashew nuts, fruits and sesame seeds and the Agric Ministry is also leading in that area.

“There is also plan to make use of 5,000 hectares arable land in 12 River Basin Development Authorities and to utilise 22 dams for commercial farming by prospective investors and the objective is to extend farming so that it can become an all-year round activity and that there is productivity all-year round.

She further announced a plan to implement a road map to increase private sector investment in tourism and sports “and the objective is to increase investment in the service sector thereby increasing job creation and youth employment.

“The power, rails and road are also very important priority area. There are a number of specific activities but one of them is to optimise up to 7,000 megawatts installed capacity and to ensure the associated infrastructure to ensure we transmit and distribute this capacity in the maximum operational level that is obtainable, and also to conclude the privatisation of NIPP plants and improve management and performance of TSA (Treasury Single Account). The Ministry of Power, Works and Housing is leading in this regard. The target deliverables is to increase the availability of power, thereby enhancing investment, productivity and employment and business growth in our country.

She added that it was also the government’s priority objective to resolve all issues concerning gas pricing.

“The availability of gas is very key to the availability of power to the nation, so gas pricing is a priority and is currently being addressed and will be finalised and payment will be provided to the gas suppliers who are being owed significant amount of money.

“And also there is plan to conclude the road map of development, the objective of all of these is to increase investment, and gas peaks supply to the oil industry.”

The minister noted the administration’s commitment to reviving rail transportation in Nigeria.

She said: “There is also plan to complete the Kaduna-Abuja-Ajaokuta railway lines in 2016. We are also revising the National Rail Masterplan which is commencing construction of the Lagos-Kano standard Gauge Rail line and also to finalise the negotiation regarding the Calabar-Lagos rail line. Of course the objective of this is to increase availability of mass transit, to reduce pressure on road infrastructure. The Federal Ministry of Transport is leading in this regard working in collaboration with Ministry of Finance and Ministry of Budget and Planning to ensure the required funding is availed for this project.”

She also disclosed plans to rehabilitate and construct 31 major projects and restore the degraded sections of some major highways and improve connectivity over a distance of 210,093 kilometres through public works maintenance, Public Private Partnership (PPP) and other interventions.

Ahmed further spoke on the administration’s plans in the oil sector.

The minister said: The fourth thematic area which is oil and gas reforms. One of the key objective is to adopt and execute a comprehensive national oil and gas policy, which is supposed to be the road map for the petroleum industry development diversification as well as privation and also to adopt and execute a road map for the stoppage of gas flaring in our country.

“We are setting a three-year deadline to achieve self-sufficiency in refined petroleum products and to become a net exporter of petroleum products. The objective of this is to increase domestic supply of refined products and to reduce demand on foreign exchange for importing refined products in our country. The Ministry of Petroleum is pushing this. There is also a plan to push for the passage of the Petroleum Industry Bill (PIB) in conjunction with the National Assembly.”

She asserted that the administration was taking measures to improve the country’s poor status in terms of the ease of doing business.

“We are going to do this by implementing a number of measures specifically targeted at fast-tracking business approvals, acquisition of land titles, and issuance of visas for persons seeking to come into our country and do business,” she explained.

“The sixth area is the investment in the lives of our people by implementing various social projects covering health, education and the essence is to bring succour to the poor and vulnerable to achieve the targets set by the Social Protection Policy which is currently under production. Almost every ministry has a role to play in this.

“On health sector, we plan to rehabilitate 5,000 primary health centres in 5,000 wards in 2016. The objective is to deliver affordable health care services to Nigerians as close as possible to their homes.

“Let me emphasis that when we say we want to move towards a predictable exchange rate in the country; we are not planning to devalue the naira. The CBN and the money policy committee are working on this and will be concluded and made available to the country to enable users to be able to predict the exchange rate at any point in time.”


http://www.leadership.ng/news/523675/2016-budget-fg-unveils-34-priority-projects

9 Likes 1 Share

Re: #2016Budget: FG Unveils 34 Priority Projects by SeverusSnape(m): 7:06am On May 05, 2016
Don't forget to Pay your Charlatans their 5,000 stipend.

And provide those masquerade jobs.

23 Likes 4 Shares

Re: #2016Budget: FG Unveils 34 Priority Projects by DonBobes(m): 7:06am On May 05, 2016
FTC O!
Re: #2016Budget: FG Unveils 34 Priority Projects by DonBobes(m): 7:07am On May 05, 2016
SeverusSnape:
Good

Nawa for u o,
Na 8g u de use?

1 Like

Re: #2016Budget: FG Unveils 34 Priority Projects by dgr8truth(m): 7:08am On May 05, 2016
Whether they reveal 39 priority projects or 1 priority project, the truth is that we are only spending less than 30% of our 2016 budget on infrastructure out of a total of about 6 trillion naira. This is not good enough, this is what was obtainable during the era of PGEJ hence nigerians voted for change we expected such to reflect in the budget but sadly it did not and ended up as the budget of yam.

11 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by luvinhubby(m): 7:08am On May 05, 2016
On paper, laudable but implementation is always the problem.

4 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by erusen: 7:09am On May 05, 2016
okay oya make una start work,one year already wasted giving f*cks

1 Like

Re: #2016Budget: FG Unveils 34 Priority Projects by Nobody: 7:09am On May 05, 2016
Good move. better late than sign trash cluelessly!!

4 Likes 1 Share

Re: #2016Budget: FG Unveils 34 Priority Projects by ckmayoca: 7:10am On May 05, 2016
Implement ohhhhhhh. We ve heard diversify more than the name buhari already.

2 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by Soulmate05(m): 7:24am On May 05, 2016
Sai Buhari!
This will not interest the wailing wailers..... bad market for the wailers.

18 Likes 1 Share

Re: #2016Budget: FG Unveils 34 Priority Projects by Pheals(f): 7:26am On May 05, 2016
See lies grin

1 Like

Re: #2016Budget: FG Unveils 34 Priority Projects by DONMAYOR19(m): 7:30am On May 05, 2016
Soulmate05:

Sai Buhari!

This will not interest the wailing wailers..... bad market for the wailers.

zombie na today u dey hear FG will do this, FG will do that after which they will come back and denied it. I wonder how people still jubilate on this apc led government when it is so glaring that they have nothing to offer other than to deceive their zombie supporters.

17 Likes 1 Share

Re: #2016Budget: FG Unveils 34 Priority Projects by Nature129(m): 7:34am On May 05, 2016
See how 2nd Niger Bridge has taken back stage in this administration. I'm sure that in 2018 they will commence work on it so that they can use it to campaign in 2019.

Jona no try at all. Smh

5 Likes 1 Share

Re: #2016Budget: FG Unveils 34 Priority Projects by GambaOsaka: 7:38am On May 05, 2016
luvinhubby:
On paper, laudable but implementation is always the problem.

This is a different ball game. The only thing that can impair the implementation is Corruption and you and I know that there's NO ROOM for that under Buhari.

9 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by luvinhubby(m): 7:43am On May 05, 2016
GambaOsaka:


This is a different ball game. The only thing that can impair the implementation is Corruption and you and I know that there's NO ROOM for that under Buhari.
Onye nene onwe ya akwukwo, o passia ! ( If you mark your exam papers, you will score 100%).
Let's wait for a different govt to come in to determine if Buhari is corrupt or not.

3 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by GambaOsaka: 7:47am On May 05, 2016
DONMAYOR19:
zombie na today u dey hear FG will do this, FG will do that after which they will come back and denied it. I wonder how people still jubilate on this apc led government when it is so glaring that they have nothing to offer other than to deceive their zombie supporters.

Chief !
These are not campaign promises but projects already articulated in the budget. The only thing that will impair the actualization is Corruption, but unlike during the days of your hero, there's no room for that now.

28 Likes 3 Shares

Re: #2016Budget: FG Unveils 34 Priority Projects by Nobody: 7:50am On May 05, 2016
Amazing prioritization
Re: #2016Budget: FG Unveils 34 Priority Projects by simongonner: 7:53am On May 05, 2016
I love it..nice one..
Re: #2016Budget: FG Unveils 34 Priority Projects by allthingsgood: 7:56am On May 05, 2016
DONMAYOR19:
zombie na today u dey hear FG will do this, FG will do that after which they will come back and denied it. I wonder how people still jubilate on this apc led government when it is so glaring that they have nothing to offer other than to deceive their zombie supporters.

Yet u came here to comment. If you have no faith in the nigerian govt, why bother commenting?? Smh

14 Likes 1 Share

Re: #2016Budget: FG Unveils 34 Priority Projects by obailala(m): 8:04am On May 05, 2016
These people should just get this budget passed and signed so we can get on with business.
Re: #2016Budget: FG Unveils 34 Priority Projects by obailala(m): 8:06am On May 05, 2016
allthingsgood:


Yet u came here to comment. If you have no faith in the nigerian govt, why bother commenting?? Smh
Dont mind those adults with infant brains. They make such comments hoping to drag more people into their sorry melancholic state of mind. Unfortunately for them, they their pointless comments only appeals to homosapiens of their kind, hence their frustration.

15 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by johnmartus(m): 8:07am On May 05, 2016
Only God can help them Nigeria will great again

1 Like

Re: #2016Budget: FG Unveils 34 Priority Projects by Jesusloveyou(m): 8:27am On May 05, 2016
luvinhubby:
On paper, laudable but implementation is always the problem.
u saTANist wailers has be wailing over pmb blueprint, now u have it, the implementation wil never be a problem becos pmb is not like ineffectual buffoon. N.B- can somebody shout halleluyah today is my birthday

9 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by PHATE007(f): 8:33am On May 05, 2016
Make I buy land here... I dey come
Re: #2016Budget: FG Unveils 34 Priority Projects by Soulmate05(m): 8:41am On May 05, 2016
DONMAYOR19:
zombie na today u dey hear FG will do this, FG will do that after which they will come back and denied it. I wonder how people still jubilate on this apc led government when it is so glaring that they have nothing to offer other than to deceive their zombie supporters.
Wailer, wail no more, this is not a business as usual scenario.

6 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by luvinhubby(m): 9:03am On May 05, 2016
Jesusloveyou:
u saTANist wailers has be wailing over pmb blueprint, now u have it, the implementation wil never be a problem becos pmb is not like ineffectual buffoon. N.B- can somebody shout halleluyah today is my birthday


And up till now APC is still making promises of 'we will' when they have not fulfilled a single propaganda promises they made to ZOMBIES like you.

Talk is always cheap.

6 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by Mojoy88(m): 9:04am On May 05, 2016
Don't mind them.That is what happens when a country is being ruled and ruined by mediocres for 16 years. This is a new dawn, reason the budget is coming out this late. I don't care what they see. As for me, I see hope.
Soulmate05:
Wailer, wail no more, this is not a business as usual scenario.
This is what happens when a country is being ruled and ruined by mediocres for 16 years. This is a new dawn, reason the budget is coming out this late. I don't care what you see. As for me, I see hope.

8 Likes 1 Share

Re: #2016Budget: FG Unveils 34 Priority Projects by dondo83(m): 9:22am On May 05, 2016
dgr8truth:
Whether they reveal 39 priority projects or 1 priority project, the truth is that we are only spending less than 30% of our 2016 budget on infrastructure out of a total of about 6 trillion naira. This is not good enough, this is what was obtainable during the era of PGEJ hence nigerians voted for change we expected such to reflect in the budget but sadly it did not and ended up as the budget of yam.

what are you saying? past administration was spending less than 15percent on capital expenditure. Please dont compare the present budget to previous budgets , the difference is like day and night

7 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by malton: 9:24am On May 05, 2016
olafum1:
What is this govt landmark for the past one year?

It takes a lot of planning and strategizing to achieve landmarked heights.

You ought to understand that this isn't a competition but a journey home to setting things aright.

It takes a lot of time and detailing, but the end will justify the means.

We'll be alright!

9 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by olafum1(m): 9:28am On May 05, 2016
What is this govt landmark for the past one year?
Re: #2016Budget: FG Unveils 34 Priority Projects by Jesusloveyou(m): 9:49am On May 05, 2016
luvinhubby:



And up till now APC is still making promises of 'we will' when they have not fulfilled a single propaganda promises they made to ZOMBIES like you.

Talk is always cheap.
nawa for una oo, so u ipod don't know the difference btw electoral promise and govt blueprint

4 Likes

Re: #2016Budget: FG Unveils 34 Priority Projects by dgr8truth(m): 10:09am On May 05, 2016
dondo83:


what are you saying? past administration was spending less than 15 percent on capital expenditure. Please don't compare the present budget to previous budgets , the difference is like day and night

Why don't you post the figure, it will make more sense than to make it vague.

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