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

Point of Correction
He is Jubril from Sudan Not Buhari
So, correct urself.

Point of Correction
He is Jubril from Sudan Not Buhari
So, correct urself.

Only if our legislooters wont delay nor pad.

And they call him Jubril from Sudan. Holy Ghost fire!!!!!

Ok

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 !!!

AccessME:
Point of Correction
He is Jubril from Sudan Not Buhari
So, correct urself.

Is that all? Supporter of a fugitive Presidential candidate

WOW

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.

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

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

Rubbish! what should be Paramount to the president right now is to sign into law, the Electoral Act Amendment Bill

Even in a meeting with his own Ministers he would still read a written note...


Oro Buha...Jubrin yi to sun mi o

Government of looters by the looters. Niger delta money done suffer

AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.

Buhari or Jubril; More preferrable to this

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..

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

the question now is how will the 2019 budget help the common man on the streets...

AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.

Dumbo

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.

either way, we are fine as far as its not "ikechuku"

AccessME:
Point of Correction

He is Jubril from Sudan Not Buhari

So, correct urself.