Connect with us

Economy

2020 revised budget: Buhari challenges MDAs on capital project delivery

Published

on

2020 revised budget: Buhari challenges MDAs on capital project delivery

President Muhammadu Buhari has challenged Ministries, Departments and Agencies to intensify capital project delivery efforts and fully cooperate with the Ministry of Finance, Budget and National Planning to achieve the laudable objectives of the revised 2020 Budget.


The president gave the challenge while signing the revised 2020 appropriation bill into law at the Presidential Villa, Abuja, on Friday.

Buhari also directed the Ministry of Finance, Budget and National Planning to ensure that all Ministries, Departments and Agencies receive at least 50 per cent of their amended capital budgets by the end of this month.

He noted with delight that already some progress were being recorded in the implementation of the Appropriation Act 2020.

Cue in audio – Buhari

“All Ministers are to ensure that their Ministries, Departments and Agencies intensify capital project delivery efforts and fully cooperate with the Ministry of Finance, Budget and National Planning to achieve the laudable objectives of the Budget.

“We have, nevertheless, made some progress in the implementation of the Appropriation Act 2020. As at 31st May 2020, the sum of N253.33 billion have been released for the implementation of capital projects.

“The Federal Ministry of Finance, Budget and National Planning is in the process of effecting budgetary releases that will ensure that all Ministries, Departments and Agencies receive at least 50 per cent of their amended capital budgets by the end of this month.

“The Appropriation (Repeal and Amendment) Act, 2020, that I have just signed into law, provides for aggregate expenditures of N10.81 trillion, which is an increase of N216 billion over the level of expenditure initially proposed in the 2020 Appropriation Act.’’

Cue out audio – Buhari

The president added that the 2020 Amended Budget underscored his administration’s firm commitment to effectively contain the spread of COVID-19 and protect the lives and livelihood of all citizens.

He, therefore, expressed the hope that with these budget amendments, as well as recently inaugurated N2.3 trillion Stimulus Programme, his administration was well-positioned to safeguard the economy.

“Considering recent budget implementation challenges, I have directed that efforts be made to ensure effective implementation of the Appropriation (Repeal and Amendment) Act, 2020 in order to realise its laudable objectives,’’ he added.

According to the president, the Minister of Finance, Budget and National Planning will provide further details of the 2020 Amended Budget.

He acknowledged the efforts of the Ministry of Finance, Budget and National Planning, particularly the Budget Office of the Federation, and everyone who collaborated and worked conscientiously to produce the revised budget.

President Buhari also thanked all Nigerians for their “understanding and unflinching support, especially during these difficult times.’’

Addressing State House Correspondents at the end of the event, Senate President Ahmed Lawan, said the National Assembly had to pass the revised budget without delay, in order to ameliorate the sufferings of Nigerians occasioned by the COVID-19 pandemic.

He also expressed the hope that the executive arm of the government would commence effective implementation of the revised budget.

NAN reports that the event was witnessed by Vice-President Yemi Osinbajo, Senate President Ahmed Lawan, Speaker Femi Gbajabiamila, Secretary to the Government of the Federation Boss Mustapha; Chief of Staff to the President, Prof. Ibrahim Gambari.

The Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State Finance, Clement Agba, Governor of Central Bank of Nigeria, Godwin Emiefile and Director General, Budget, Ben Akabueze were also at the event.

Edited By: Ismail Abdulaziz (NAN)

Ismaila Chafe: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Mosque reopening: EKiti Muslims to bring private praying mats, ablution kettles Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery U.S visa ban: Nigeria has substantially met demands, says FG Committee United States agency warns against toxic hand sanitisers Andreescu will not defend United States Open title Serena beats Venus to reach Lexington quarter-finals Gov. Umahi rejects Ebonyi’s transfer to Police Zone 13 Division UN Chief welcomes Israel, UAE peace agreement Caretaker committee promises better times for Anambra football stakeholders, unveils new FA secretariat NAPHER-SD identifies loopholes in sports industry policy draft, calls for review COVID-19: PTF working with partners to implement comprehensive response to virus How I survived COVID-19 — Foreign Affairs Minister Leipzig stun Atletico Madrid to reach Champions League last four Workshop identifies harmful impacts of Global Gag Rule on developing nations Okei-Odumakin mourns former US Ambassador, Walter Carrington Nollywood: Censors Board, stakeholders hold roundtable on policy for release of films Not the right time for me to return to Barca as coach, Xavi says Anambra monarchs protest suspension, say “nothing warrants it” Edo Election: Ize-Iyamu promises to harness solid minerals in Akoko-Edo COVID-19: Commission refunds 2020 Hajj intending pilgrims in Adamawa Edo 2020: Crowds at rallies thrill Shaibu Board decries increase in maternal, newborn mortality in Plateau FG will prosecute destroyers of Akanu Ibiam Int’l Airport fence – Minister   IPAC dissolves interim committee, fixes  Sept. 5 for election NiMet predicts cloudy, thundery activities Friday to Sunday Nigeria’s low COVID-19 cases due to low sample collection — NCDC Members pass vote of confidence in ALGON president, Kolade Alabi Osinbajo advocates purpose-built software for virtual court proceedings Oyo govt. to spend N5.5bn to remodel Salami Stadium Resurgence of COVID-19 on health workers worrisome — Minister NGO empowers 40 rehabilitated youths in Kwara LASG gives cash donation to victims of rainstorm in Badagry Left Handers Day: We are blessed, intelligent – Jos left handers Monarchs laud Buhari’s developmental efforts in South East UNnilag VC position not vacant – workers unions 684 evacuees test positive to COVID-19 — PTF FG begins reform of Calabar, Kano special economic zones PenCom mulls contributors RSA transfer window -Official Lagos Police College, LASCODA partner to promote coconut development MTN Nigeria lifts NSE market indices further by 0.38% Christian group urges FG to end banditry, kidnapping, others CAN announces intercessory prayer session over insecurity in Nigeria Banditry in Katsina will soon fizzle out – Sen. Barkiya TETFUND could perform well with available resources – Minister Gov. Diri urges Agip to relocate to Bayelsa Abia needs competent leaders, not zoning — Otti ActionAid Nigeria urges small-holder women farmers on NAIC facilities UK, Nigeria partner on regulatory reforms on right of way 38,000 vulnerable households to benefit from CACOVID relief items in Zamfara    FG inaugurates team on digital innovation for improved service delivery