Senator Udoma Udo Udoma has aired his candid opinion on the controversial 2016 appropriation bill of President Muhammadu Buhari which has been a strong object of debates since its release.
Udoma Udo Udoma
The Minister of Budget and National Planning, Udoma Udo Udoma, has assured that the 2016 budget will be achievable in spite of falling oil price, according to Premium Times.
This is contained in a statement issued by the Director of Information in the ministry, Charles Dafe, in Abuja on Sunday. It said that the minister stated this when a delegation from the African Development Bank (ADB) visited the ministry.
The statement said that ongoing reform targeted at diversifying the revenue base of the country would guarantee the achievement of the budget.
“Our budget is achievable; we have ongoing reforms targeted at diversifying our revenue base away from single oil commodity economy.
“Our Minister of State for Petroleum, Ibe Kachikwu, is assiduously applying innovative financing in the oil sector to address any likely revenue gap from our projected oil revenue.
“Plugging leakages through zero tolerance to corruption, application of sound public financial management and improved revenue collection system are reforms targeted to achieve the budget,” it said.
The statement assured that the ministry would proactively plan, advice and monitor all matters relating to national development, adding that it would also ensure that vital development policies were properly implemented by all stakeholders.
It explained that 30 per cent of the budget allocated to capital projects was critical for the stimulation of economic development.