The Minister of Budget and National Planning, Sen. Udoma Udo Udoma,
has assured Nigerians of quick enactment of 2016 Budget by the
government.
The minister said that measures were being put in place by government
to resolve all pending issues delaying the passage of the budget at the
National Assembly.
He gave the assurance during his meeting with the State Commissioners
of Economic Planning and Chief Executives of state Planning Commissions
in Abuja.
According to him, the budget is well crafted and well cut out with a sole purpose of reviving the economy.
Udo Udoma said the budget was structured more on non-oil revenue,
adding that this was the first budget that would be funded more from
non-oil revenue.
The minister said that agencies of government that generate revenues
which are not being captured, will be captured to harvest resources and
also get more people to pay taxes to increase tax collection.
He said that there was a funding gap, hence the government had to borrow to bridge the gap.
Udo Udoma said that it was important to revive the state of the
country’s economy, adding that “we cannot afford to allow the economy to
come to crumble”.
Dr Adeyemi Dipeolu, the Special Adviser to the Vice President on
Economic matters, had earlier said that planning and budgeting functions
were very important in the development process of any economy.
Dipeolu said that this was essential as it helped to bring about
togetherness, coordination, harmonisation, strategic increase and
uncommon objective in an economy.
He expressed optimism that the forum would engender progress in the direction of state of the country’s economy.
Dipeolu called for active participation of all stakeholders in
providing favourable environment for successful transformation and
progress of the Nigerian economy.
Dr. Othman Ibrahim, the Commissioner of Budget and Planning in
Nassarawa State, also urged all stakeholders to put to practice all the
deliberations at the meeting.
The event was attended by commissioners, permanent secretaries and representatives of various states of the federation
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