The President also hinted that some ministries and agencies will get less allocations in the 2017 budget than they received in 2016 while some will get more.
Speaking at the one day retreat on the economy on Thursday at the Presidential Villa, with the theme "Building Inter-ministerial Synergy for Effective Planning and Budgeting in Nigeria ,Buhari noted that the theme is very apt and timely, especially as the government is in the process of developing the 2017 Budget.
According to him, over the years, there has been a mismatch between planned targets and budgetary outcomes at the National and sectorial levels.
Buhari observed that the Federal MDAs have not also benefited significantly from working together and building consensus around common national objectives and this has impeded growth and development of the country.
Buhari said, "Given that this Retreat is a lead-up to the 2017 Budget, my expectation is that we will come out of the these sessions with a determination and common position on how to have improved synergy amongst the various Ministries and Departments for the effective formulation and implementation of the 2017 Budget.
"I also trust that the breakout sessions will enable you to discuss extensively amongst yourselves, the details of the four sub-themes and come up with practical solutions on the way forward in order to come out with a set of prioritized projects and programmes that will fit into the 2017 Budget.
"In this regard, let me inform you that because of the need to focus on our key priorities, some Ministries may get significantly less capital allocation than they received in 2016, while others may get significantly more."
Buhari noted that the retreat is coming at a critical time in the nation's economic history, when the Nigerian economy is in a recession, with significant downturn in performance in various sectors.
Source: http://allafrica.com/stories/201609160079.html
No comments:
Post a Comment