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2019 Budget: Buhari Preside Over Special FEC Session - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / 2019 Budget: Buhari Preside Over Special FEC Session (6822 Views)

Budget: Buhari Lists Projects From Which Cuts Were Made / 2018 Budget: Buhari, Osinbajo To Spend N1.3 Billion On Travelling / Osinbajo Back From UK, To Preside Over FEC Meeting (2) (3) (4)

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2019 Budget: Buhari Preside Over Special FEC Session by poscabafash: 11:30am On Dec 07
President Muhammadu Buhari is currently presiding over a special federal executive council (FEC) meeting aimed to finalise works on the 2019 budget.

Adebayo Shittu, communications, and Solomon Dalung, minister of sports and youth development, took the opening prayer.

The meeting is to exhaustively deliberate on the budget before transmitting it to the national assembly.

The council had in October approved the 2019-2021 medium term expenditure framework (MTEF) and fiscal strategy paper, and forwarded same to the national assembly for its consideration and approval.


Last month, Udoma Udoma, minister of budget and national planning, had announced that the federal government was considering a leaner 2019 budget of N8.6 trillion, which is leaner than the N9.1 trillion approved by lawmakers for 2018.

He explained at a consultative forum on the medium term expenditure framework (MTEF) and fiscal strategy paper (FSP) 2019-2021, that the decision was due to reduced government revenue projection for the year.

Udoma also said government planned to cut down the level of borrowing from N1.6 trillion in 2018 to N1.5 trillion in 2019, while the deficit component would be reduced from N1.9 trillion in 2018 to N1.6 trillion.

In spite of the recent oil output drop to about 1.9 million barrels a day, Udoma said government was optimistic, explaining that the 2.3 million barrels a day target was achievable with production rising to 2.15 million barrels a day and new oil productions being put into play.

Although a $50 per barrel oil price benchmark was proposed in the ERGP, the minister had expressed confidence that with a significant rise in the price above $80 per barrel currently, government has proposed a $60 per barrel oil price for the budget.

Udoma has added that N305 was proposed as exchange rate to the dollar, with government working to keep inflation down after slight increases in the last two months on the heels of 18 months consecutive decline.

On revenue, Udoma had said based on the oil price and oil production assumptions, government expected to generate about N3.6 trillion from oil, up by about N500 billion from last year’s figure.

About N6.9 trillion revenue is projected to be available to the budget in 2019.


http://www.nigerianeye.com/2018/12/2019-budget-buhari-preside-over-special.html?m=1

Re: 2019 Budget: Buhari Preside Over Special FEC Session by AccessME(m): 11:40am On Dec 07
Point of Correction
He is Jubril from Sudan Not Buhari
So, correct urself.

27 Likes 4 Shares

Re: 2019 Budget: Buhari Preside Over Special FEC Session by AccessME(m): 11:40am On Dec 07
Point of Correction
He is Jubril from Sudan Not Buhari
So, correct urself.

2 Likes

Re: 2019 Budget: Buhari Preside Over Special FEC Session by helinues: 11:49am On Dec 07
Only if our legislooters wont delay nor pad.

2 Likes

Re: 2019 Budget: Buhari Preside Over Special FEC Session by olatunji0607: 11:52am On Dec 07
And they call him Jubril from Sudan. Holy Ghost fire!!!!!

3 Likes

Re: 2019 Budget: Buhari Preside Over Special FEC Session by Noblex2011(m): 11:52am On Dec 07
Ok
Re: 2019 Budget: Buhari Preside Over Special FEC Session by sammyj: 11:53am On Dec 07
This government is some how slow in doing the right thing at the right time. Why wait till the very last quarter of the year before taking action. Hope our Legislooters does not follow the slow action !!! angry shocked
Re: 2019 Budget: Buhari Preside Over Special FEC Session by Afamed: 11:54am On Dec 07
AccessME:
Point of Correction
He is Jubril from Sudan Not Buhari
So, correct urself.
Is that all? Supporter of a fugitive Presidential candidate

6 Likes 1 Share

Re: 2019 Budget: Buhari Preside Over Special FEC Session by deafeyez: 11:55am On Dec 07
WOW
Re: 2019 Budget: Buhari Preside Over Special FEC Session by figment232(m): 11:56am On Dec 07
Na today this Useless govt dey hold NEC meeting?As usual nothing good would come out of it.Devilish govt.The senile idiot should just sign the Electoral bill.
Re: 2019 Budget: Buhari Preside Over Special FEC Session by semyman: 11:56am On Dec 07
AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.
Hide your shame, another mud loving in the offing very soon

3 Likes

Re: 2019 Budget: Buhari Preside Over Special FEC Session by semyman: 11:57am On Dec 07
AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.
If you have any of the persons seating in the meeting room with this Jubril from your ethic nationality and he is not able to raise a point of order, then your lineage must be so poor and deleted from progress

6 Likes 2 Shares

Re: 2019 Budget: Buhari Preside Over Special FEC Session by BlackPantherxXx: 12:01pm On Dec 07
See his mouth cheesy

Like he's addressing The Senate grin

1 Like

Re: 2019 Budget: Buhari Preside Over Special FEC Session by Chudi99(m): 12:02pm On Dec 07
Rubbish! what should be Paramount to the president right now is to sign into law, the Electoral Act Amendment Bill

2 Likes

Re: 2019 Budget: Buhari Preside Over Special FEC Session by kaluxy007(m): 12:02pm On Dec 07
Even in a meeting with his own Ministers he would still read a written note...


Oro Buha...Jubrin yi to sun mi o
Re: 2019 Budget: Buhari Preside Over Special FEC Session by awakeupcall4all(m): 12:02pm On Dec 07
shocked
Re: 2019 Budget: Buhari Preside Over Special FEC Session by Failtech: 12:02pm On Dec 07
HP Envy 15t For Sale, already in Lagos
Powerful i7 processor Quad Core
Whooping 8GB RAM
More than sufficient 1TB Hard Disc
Backlit keyboard
Windows 10
Still Very Neat
Price: 125k
Contacts on Signature

https://www.nairaland.com/4873310/hp-envy-15t-core-i7#73447843
Re: 2019 Budget: Buhari Preside Over Special FEC Session by beamtopola: 12:04pm On Dec 07
Government of looters by the looters. Niger delta money done suffer
Re: 2019 Budget: Buhari Preside Over Special FEC Session by semyman: 12:07pm On Dec 07
AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.
Buhari or Jubril; More preferrable to this

3 Likes

Re: 2019 Budget: Buhari Preside Over Special FEC Session by awakeupcall4all(m): 12:07pm On Dec 07
Enough of this nonsense please.....There is absolutely nothing like buhari again abeg.....That wicked mallam is gone has been replaced by an impostor with the cabal( Maman Daura, Abba Kyari, Babagana Kingibe and El rufia)fully in charge now toying with destinies of 200 million people...

God is about to destroy you all including the useless zombies amonsgt the living.. grin grin shocked

2 Likes 1 Share

Re: 2019 Budget: Buhari Preside Over Special FEC Session by Stalwert: 12:12pm On Dec 07
semyman:

If you have any of the persons seating in the meeting room with this Jubril from your ethic nationality and he is not able to raise a point of order, then your lineage must be so poor and deleted from progress

haba grin grin grin
Re: 2019 Budget: Buhari Preside Over Special FEC Session by ofiko123(m): 12:14pm On Dec 07
the question now is how will the 2019 budget help the common man on the streets...
Re: 2019 Budget: Buhari Preside Over Special FEC Session by quickberry2(m): 12:50pm On Dec 07
AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.

Dumbo

1 Share

Re: 2019 Budget: Buhari Preside Over Special FEC Session by duni04(m): 12:57pm On Dec 07
Governance is going on as usual irrespective of the fact that it's 2months to election. 2months before the 2015 elections, Jonatha on and Dasuki were moving billions of USD$ in bullion vans from the CBN to be distributed to the PDP. 2 months to the 2015 elections, diezani was busy using Fidelity bank to bribe INEC officials, Dasuki was passing money to everyone with a PDP cap. Fani kayode was collecting government money for pdp campaigns, Fayose, Omisore and koro were flying money in planes to bribe voters and distribute to their PDP people.
All that is not happening now! Nigerians should endeavour to remember where we're coming from. It's very important! So we don't allow Atiku and Saraki take us back there.

2 Likes 1 Share

Re: 2019 Budget: Buhari Preside Over Special FEC Session by alhassanyusuf29(m): 2:44pm On Dec 07
either way, we are fine as far as its not "ikechuku" grin cheesy
AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.

(1) (2) (Reply)

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