FG Brainstorms on Modalities for Funding 2017 Budget

6
5253

• Constitutes committee to explore financing options

Omololu Ogunmade in Abuja

Five days after the National Assembly passed the 2017 budget, the Economic Management Team (EMT) chaired by acting President Yemi Osinbajo met in the Presidential Villa, Abuja, on Monday to discuss the modalities for funding the budget.

Although the National Assembly was yet to transmit the budget to the executive, the meeting was meant to brainstorm and strategise on how the budget would be implemented ahead of its transmission.

According to the acting president’s spokesman, Laolu Akande, the team explored available funding options for the budget ahead of its transmission to avoid delay in implementation after it is signed into law.

Against this backdrop, he said the team constituted a smaller committee saddled with the responsibility of exploring funding options for the budget.

“The EMT discussed the funding of the budget so that we can hit the ground running once we receive the budget formally and sign. That was what was discussed in relation to the budget – revenues, loans, etcetera.

“They are basically ongoing discussions. There is a smaller group in the EMT that is responsible for the funding of the budget and it was just an ongoing discussion,” Akande said.

The National Assembly had raised the budget of N7.2 trillion presented by President Muhammadu Buhari to N7.4 trillion, with the Appropriation Bill predicating funding sources on oil revenue pegged at N1.985 trillion; non-oil revenue at N1.73 trillion; and other federal government independent revenues sources.

The government had ahead of the presentation of the budget last year stated that Nigeria would borrow more from foreign sources than local sources to finance the budget, in order derive greater benefits from lower debt cost and consequently reduce pressure on its finances.

Members of the team are the Minister of Finance, Mrs. Kemi Adeosun, her counterparts in the Ministry of Budget and National Planning, Udoma Udo Udoma and Industry, Trade and Investment, Okechukwu Enelamah.

Other members of the team are the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele; Director-General of the Budget Office of the Federation, Mr. Ben Akabueze; Director-General of the Debt Management Office, Dr. Abraham Nwankwo; and other relevant government agencies.

  • Precious Marcel

    If you have ever wondered how to increase your man-hood size without pills and make the enlargement permanent.

    This Japanese made enlargement oil is the answer.

    “Here Is the Japanese Made Penis Enlargement Oil That I Used To Increase The Size Of My Penis…and has helped over 1,500 Nigerian men

    Believe me; I measured several times to make sure this was for real.

    I took out a measuring tape and measured my penis…It had increased from the tiny 3.7 inches to a surprising 5.6 inches… in less than 3 weeks!

    Now, I know you can’t wait to lay your hands on these GUARANTEED solutions…

    Hence, I’m ready to further make it easier and cheaper for you; if not for anything, to show you that the solutions actually work and will work for you guaranteed.

    We have Only 100 bottle pack of Libiron herbal capsule and MK Oil Available And Its Strictly First Come First Serve!

    If you are lucky enough to be among those that will order for It today Monday, May 15, 2017, you will pay just N16,000. But If you will be ordering from May 16, 2017…The price is N19,500 flat.. You can still enjoy N3,500 discount if you order today!

    The Libiron Herbal Capsule is N16,000 payment On delivery If you Order Today!

    Here is the break down of the price if you are ordering today

    Libiron Herbal Capsule only is N16,000

    2 packs of MK Oil only is N12,000

    So, if you order for the 2 solutions together today, you pay only N22,000 instead of N28,000 (that’s a extra discount of N6,000)

    if you order for the 2 solutions together today, you pay only N22,000

    Do you want to continue to suffer from the shame and frustration caused by premature ejaculation and small penis…when you can do something about it now?

    Or…Would you rather pay higher later… when you can easily get it for the low amount today?

    Of course, I know you will make the smart choice!

    So, you have to hurry up to be among the lucky few, and place your order NOW

    And to help you sweeten the deal am giving you an amazing bonus that you cant get anywhere else if you order today.

    Here’s how:-Once you place your order for both of them today at N22,000.You will also get the amazing product that cures STDs and other infections related to sex.

    Bonus : “Togacin Broad Spectrum Antibiotic”

    The ultimate solution for stds like; stapph, gonorhea,clamdyia.

    The one reason why this is very important is that; most times premature ejaculation is always caused my infections. And without treating them you only sabotaging your efforts.

    Best part is that you get this 100 percent herbal antibiotic for free when you place order today.

    However, I must warn that ONLY those who place their order right away gets this STD killer “Togacin Antibiotic”. If you procrastinate further, you may not get it.

    So, this is a no brainer… Get the 2-in-1 solution now, get the extra FREE bonus.

    To erase the fear of been scammed we now offer Cash on delivery to any part of Nigeria.

    You will only pay when this product has been physically brought down to you face-to-face by our courier company. We call it ==> Pay on Delivery.

    How To Order
    Depending on the product that you are ordering for…

    *If you are ordering for only “Libiron “… indicate the code Libiron in your text message…

    *If you are ordering for only “Mk-oil”…
    indicate it “Oil” in your text message…

    *If you want to order for the 2 products together…
    text “BOTH”…

    Libiron ONLY – N16,000
    2 packs of MK Oil ONLY – N12,000
    Libiron + MK-OIL (BOTH)- N22,000

    Here’s what to send to us…

    1. Your Full Name
    2. Your Phone Number (s)
    3. Delivery Address
    4. Product Code (Libiron ,oil, Both)

    Send This Information as a text message to 08163251318 https://uploads.disquscdn.com/images/c8f34d39b936ac91c185f0b6170b5a0174f8b013b4816a3ea57a6892a2592697.jpg https://uploads.disquscdn.com/images/3265e941352409dc249fe8431a3489e205cf3e5ae8c52a084132658fede9b78d.jpg https://uploads.disquscdn.com/images/270c71f08beac942547a93a80c0d76a2de0041a6d721bbf97cf54f966d39e1f8.png

  • Daniel Obior

    An important part of the planning of the budget ought to have been the source of the funding, providing several scenarios. This administration has typically put the cart before the horse deciding on a N7 trillion budget, and only now considering how to fund it, when the budget has been passed. This is truly a dumb and incompetent government.

    • tunaik

      This same report stated that funding of the budgets have been clearly identified by both the Legislature and the Executive. So is this reporter that is confused or something?

      The National Assembly had raised the budget of N7.2 trillion presented by President Muhammadu Buhari to N7.4 trillion, with the Appropriation Bill predicating funding sources on oil revenue pegged at N1.985 trillion; non-oil revenue at N1.73 trillion; and other federal government independent revenues sources.

      The government had ahead of the presentation of the budget last year stated that Nigeria would borrow more from foreign sources than local sources to finance the budget, in order derive greater benefits from lower debt cost and consequently reduce pressure on its finances.

      • Daniel Obior

        The budget at this stage is specific. Granted there were in the past, broad indications on the possibilities of the funding, we ought to have the specifics at this stage, as it is already May. The truth of the matter is that the government does not know at this point where exactly the money will come from. If it had done its homework properly, the committee being created now ought to have had its results months ago.

      • walefromnigeria

        THe VP spokesman said it himself that they have setup a committee to explore funding options for the budget. So how has the reporter gotten anything wrong when he quoted the VP spokesman?

  • D a n g o t e-C e m e n t

    This is ťo ìnform thè general republic that Ďäñgoťé3x cement ïs nøw sôld díréct fròm thè fäctory for #1400 per bäg and #300 tó delìver per bäg,indìvìdual càn ořdér a mìñimum of 1OObägs, trailer load of 6OObàgs,träiler load of 900bägs trailer lòad of 14OObägs and abõvé contäct thé sälès Mr Ojekere on (0706538/3208) or assìstant säleś mänäger Mrs Märy on (0813206/6217) for ïnfo https://uploads.disquscdn.com/images/f086fd203e3b0e8aba03ca6f685b764080317b2dce10720e58a63ccccdc3e715.png