The Buhari administration will target 100 per cent implementation of the 2016 budget despite its late signing into law, says the Minister of Budget and National Planning, Senator Udoma Udo Udoma.
The Minister told State House correspondents in Abuja on Friday 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,’’ he said.
He added that his ministry was setting up a monitoring committee for effective implementation of the 2016 budget.
Udoma also said that the 2017 budget will be submitted early to ensure its passage before the end of 2016.
"The ministry presented a memo to the Federal Executive Council (FEC) and got approval for a time table for the 2017 budget.
"So, as we are finishing with this budget, we are starting on 2017 and our intention is that the budget should reach the National Assembly early in October to give them enough time to pass the budget before the end of the year.
"As you know, the most important time, particularly for road construction is the dry season and if you can get the budget out in December you can now start early to implement.
"So, our intention, going forward, is to get us back to a situation where we can get a full January to December implementation for the budget and we are working with a time table to achieve this,’’ he said.
NAN
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