Nigeria (Blank NEWS Online) –
Nigeria’s Senate President, Bukola Saraki has called for the full implementation of the the N6.06 ensuring budget for the good of the electorate and to ensure national growth.
This is just as the Federal Government has assured that the President Buhari led administration would target 100 per cent implementation of the 2016 budget.
According to the Senate President, Bukola Saraki, “The most important part in the signing is the implementation, to ensure it is to the benefit of Nigerians who waited.
“So, you can see the interest of our people; so, the onus lies on all of us to ensure its implementation.
The Senate President added that the National Assembly would play its role to ensure that it flowed with the mood of the people and make sure that the budget would benefit the people.
He said that in the globe, the legislation on appropriation is the most important legislation, and that in all democracies, there had always been issues on passing budgets, policies and equity.
He said the document had continued to maintain the thrust of ensuring that a minimum of 30 per cent went into capital projects and facilitate the President’s policy on diversification for less reliance on oil revenue.
“These sort of challenges are there but we are all happy to see that we have passed a budget and that the President has signed and now it remains implementation.
“I want to assure Nigerians that it is our commitment to ensure that the budget is implemented.
“It is not just the assent, it is the implementation, that is where Nigerians see the benefit and let us focus on the good parts and place less emphasis on the bad which is now behind us.
“I want to ensure Nigerians that the benefits we expect from this budget will materialize,’’ Saraki added.
He also gave the assurance that the kind of delay experienced in 2016 would not recur as the process for 2017 appropriation bill would start earlier.
Meanwhile, the Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Friday said that in spite of the late signing of the 2016 budget, the administration would target 100 per cent implementation.
He said that the budget was anchored on 38 dollars per barrel of oil benchmark, adding that the projection was also based on 2.2 million barrels of crude per day production.
“Our aim will always be 100 per cent implementation. We know that because we started late we may not achieve it but 100 per cent achievement is our aim. We start with that aim because the budget is a law and we try to implement it as quickly as we can.”
Udoma disclosed that what was signed by the president was slightly lower than what he presented to the National Assembly, adding that revenue assumptions by the executive and legislature were the same as well as the size of the deficit.
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