Buhari Orders Reduction Of Recurrent Expenditure In 2016 Budget

Date: 03-08-2015 8:34 pm (8 years ago) | Author: Mister Jay Wonder
- at 3-08-2015 08:34 PM (8 years ago)
(m)

President Muhammadu Buhari on Monday ordered the National Planning Commission (NPC) to review the framework for 2016 national budget, with a view to reducing recurrent expenditure and subsequently prioritize developmental projects.

Buhari gave the order after a briefing from the Executive Secretary of the Commission, Dr Bassey Akpanyung at the Presidential Villa, Abuja.
The President told officials of Commission that capital projects must now be given the fullest possible priority, because Nigeria could not achieve real development without adequate investment in capital and infrastructural projects.

“In carrying out its role in surveillance of the economy, review and appraisal of policies, the Commission should devise a plan for a realignment of the budget, so that capital projects can be really prioritized,” the President directed.

The Executive Secretary of the NPC had informed the President that Nigeria’s planning system was beset by many challenges.
These challenges, he said, included the non-alignment of national plans with the annual budget and inadequate capacity in the departments of Planning, Research and Statistics in the various government ministries.

It would be recalled that on 11 April, Buhari said his administration will give priority to capital expenditure in national budgets to ensure the speedy development of the country.
“Over 90 per cent of Nigerian budget is on recurrent expenditure. There must be much money available for capital expenditure to provide more infrastructure in our industries that will attract investments and develop the country,” Mr. Buhari said.


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Posted: at 3-08-2015 08:34 PM (8 years ago) | Addicted Hero
- PoliticxGuru at 3-08-2015 08:38 PM (8 years ago)
(m)
good
Posted: at 3-08-2015 08:38 PM (8 years ago) | Hero
Reply
- beneno at 3-08-2015 09:27 PM (8 years ago)
(m)
oooooooh
Posted: at 3-08-2015 09:27 PM (8 years ago) | Addicted Hero
Reply
- winace at 3-08-2015 10:02 PM (8 years ago)
(f)
Dats one, I agree wit u grandpa
Posted: at 3-08-2015 10:02 PM (8 years ago) | Addicted Hero
Reply
- dareper at 3-08-2015 10:30 PM (8 years ago)
(m)
Ok
Posted: at 3-08-2015 10:30 PM (8 years ago) | Hero
Reply
- ak_4_real at 4-08-2015 03:02 AM (8 years ago)
(m)
Carry go baba! Whatever u say!
Posted: at 4-08-2015 03:02 AM (8 years ago) | Newbie
Reply
- jossy4reall at 4-08-2015 05:21 AM (8 years ago)
(m)
ok

Posted: at 4-08-2015 05:21 AM (8 years ago) | Hero
Reply
- dickman2 at 4-08-2015 06:32 AM (8 years ago)
(m)
because..he dont know what his doing..
Posted: at 4-08-2015 06:32 AM (8 years ago) | Addicted Hero
Reply
- dickman2 at 4-08-2015 06:33 AM (8 years ago)
(m)
because..he dont know what his doing..
Posted: at 4-08-2015 06:33 AM (8 years ago) | Addicted Hero
Reply
- dis4real at 4-08-2015 10:36 AM (8 years ago)
(f)
Hmmmmmn
Posted: at 4-08-2015 10:36 AM (8 years ago) | Upcoming
Reply
- edpete at 4-08-2015 11:01 AM (8 years ago)
(m)
Ok nice one
Posted: at 4-08-2015 11:01 AM (8 years ago) | Upcoming
Reply
- echeeche at 4-08-2015 04:21 PM (8 years ago)
(m)
Seen and waiting
Posted: at 4-08-2015 04:21 PM (8 years ago) | Hero
Reply
- steveoneal at 4-08-2015 05:04 PM (8 years ago)
(m)
Quote from: dickman2 on  4-08-2015 06:32 AM
because..he dont know what his doing..
There  is no single brain in your head. have you ever tet your iq level?i dont know is more stupid than you on this forum, you might probably be one of those illiterate  militants before being forced out of your hole.
Posted: at 4-08-2015 05:04 PM (8 years ago) | Gistmaniac
Reply

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