Budget: FG outlines 34 priority projects

The Federal Government has set out “34 strategic priority programmes and projects” that it intends to achieve beginning with the 2016 budget.
Minister of State for Budget and National Planning, Zainab Ahmed disclosed this to reporters after a cabinet meeting presided over by Vice President Yemi Osinbajo.

She said President Muhammadu Buhari was expected to receive the corrected version of the budget details from the National Assembly today or tomorrow.
Sources said the President would sign the budget immediately before he travels to France on Friday.
The minister said the 34 specific areas, which were grouped into four major objectives are governance and security; diversification of the economy; creating support for the poor and the vulnerable: as well as reflating the economy through investment.
She added that they were presented with “clear deliverables, targets and indicators to ensure that ministries, departments and Agencies deliver on implementation.”
According to the minister, the 34 priority areas needed to be implemented in 2016‎ are categorised into thematic areas are:
* To achieve and maintain a capital spend minimum of 30 percent annually with the objective to reflect the economy and enhance employment generation capacity for the productive sector.
* To achieve an appropriate exchange regime to achieve a predictable exchange rate by the end of 2016.
* To increase low interest lending to the real sector at single digit “maybe nine percent” in order to increase output and growth.
* (On diversifying the economy) To attain self-sufficiency in tomato paste in 2016 and rice production by 2018.
Nigeria spent $2.41 billion on rice importation between January 2012 and May 2015 and another $1bn on tomato paste importation.
*To increase local production of maize, soya beans, poultry and livestock and to stop import. The deadline for these to be announced later in the year.
*To expand the agro- allied sector to intensify local production of cassava, cocoa, cashew nuts, fruits and sesame seeds.
* To make use of 5,000 hectares arable land ‎in 12 River Basin Development Authorities and to utilise 22 dams for commercial farming.
Priorities under power, rails and road
*To optimise up to 7,000 megawatts installed capacity with the associated infrastructure in order to enhance investment, productivity and employment.
*To complete the Kaduna-Abuja-Ajaokuta ‎railway lines in 2016.
*To commence the construction of the Lagos - Kano standard gauge rail line and also to finalize the negotiation regarding the Calabar-Lagos rail line.
The objective of this is to increase availability of mass transit, to relief pressure on road infrastructure.
*To undertake the rehabilitation and construction of 31 major projects and restore the degraded sections of some major high ways and improve connectivity over a distance of 210,093 kilometres through public works maintenance, Public Private Partnership (PPP) and other interventions.
*To adopt and execute comprehensive national oil and gas policy which is supposed to be the road map for the petroleum industry development diversification as well as privatisation.
*Sets a three-year deadline to achieve self-sufficiency in refined petroleum products‎ and to become a net exporter of petroleum products.
*To push for the passage of the Petroleum Industry Bill (PIB).
*(Ease of doing business) Sets target to move 20 places up the ranking from 169 to 149 by fast-tracking business approvals, acquisition of land titles, issuance of visas for persons seeking to come into the country do business.
*To invest in the lives of our people by implementing various social projects covering health and education.
* Government to rehabilitate 5,000 primary health centres in 5,000 wards this year to deliver affordable health care services to Nigerians as close as possible to their homes.

http://www.dailytrust.com.ng/news/general/budget-fg-outlines-34-priority-projects/145448.html

Good move. Better late than sign trash CLUELESSLY!!

FTC

Thnk God!

ok.

This Mr president shaaa...

This man is lost in thought and doings...

God help 9ja

If he like make he sign, the country has been on autopilot since may 29 and that has made his presidency inconsequential, after all President bubu just came to enjoy the luxury of the presidential fleet .

My only annoyance is that the whole country is suffering from the foolishness of a few who made the difference in the presidential election result.

modelmike7:
Good move. better late than sign trash.

Na wa for u too o!
Na 8g u self de use.

Wait o, ds my Airtel de fall my hands tday o, i no fit make FTC!
Na wao.

OK, let him better do. we don't know how long he would stay in France

bonechamberlain:
OK, let him better do. we don't know how long he would stay in France

Allow baba to travel now that he can biko

It took buhari 4 months to appoint ministers, it took buhari 6 months to present a budget but it only takes buhari few hours to jet out of nigeria. Guess he'll be the first to make use of the budget money by using it to fuel his jet to fly to france and do nothing there

Ahmed0336:
Allow baba to travel now that he can biko

OK .. I no hold am, traveling is in him.

Primary health care? Men this guy remember primary health care. (Sobs) I love him. Do you know how regrettable it is for you to watch your own sick and dying in a remote area with no access to primary health care, we are not a country of humans if we do not have primary health care. Thank you Buhari and team even if you sign the budget in December it is better than previous ones signed in January. This budget should be called "the new dawn budget"

Like if you think the budget would be rubbish again!?

So he is travelling again. Baba safe journey O! As I said yesterday, another telenovela twist. He won't sign it on friday, when he comes back, he will say he has noticed some new anomalies and so will return it for round 3 of crosschecking by the NASS appropriation team. Senator Enang, I am not happy O!

Travel again? Come is this man joking with us or wot?. He better sit down here n let's suffer together. Sign the budget n run away to france? Something is wrong then. Thought wen one signs budget u should sit down n implement it ist b4 anytin.

mscheww and d zombies wil c it as an achievement just as d last month recieved salary..Dont u just hate this admin?!

Chia almost predict France as his next destination

France! Again....

What he is doing?

We are patiently waiting.... God bless Nigeria.

From research since when terrorist attack france their Abe not travel anywhere.

What is buhari looking just traveling to beg for money that we already have

Who knows the local juju that can work in keeping Buhari's bum-bum in Abuja? I go follow contribute the pay.

drtwist:
Chia almost predict France as his next destination

You don miss jackpot.

These were most of the promises dey made and we stil remember them.. Let dem jus get down to the business of actually doing these things so we don't get to hear excuses again...

The only part of this news I can comfortably believe is that he'll be travelling to France. For signing budget, the principle of 'seeing is believing ' shall be applicable. Implementation will also only be believed as it happens.

I can't quite figure out how he's wooing investors as they claim when we're still recording record breaking lows! Well, let's play the waiting game.

Our Visiting president...

junketer:
It took buhari 4 months to appoint ministers, it took buhari 6 months to present a budget but it only takes buhari few hours to jet out of nigeria. Guess he'll be the first to make use of the budget money by using it to fuel his jet to fly to france and do nothing there

Wailers! Una don show

Front page material.... I dey come

They dragged this budget thing for too long. Everything is complete waste if they don't implement properly.
The main point here is he is touring to France yet again.