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BREAKING News: FEC Approves Nigeria's 2018 Draft Budget During Aso Rock Meeting
Posted by Odinaka on Thu 26th Oct, 2017 - tori.ngThe President Muhamamdu Buhari-led Federal Executive Council, FEC, has approved the draft budget estimates for 2018.
National Security Adviser Babagana Monguno discussing with President @MBuhari at the start of the FEC Meeting, today.
— Presidency Nigeria (@NGRPresident) October 26, 2017
📷: @BayoOmoboriowo pic.twitter.com/wWp0bt3Cai
While briefing State House correspondents at the end of Federal Executive Council (FEC), meeting at the presidential villa, Abuja on Thursday, the Minister of Budget and Planning, Udoma Udoma, said that the FEC has approved the draft budget estimates for 2018.
According to Premium Times, the minister said the Council will liaise with the National Assembly to determine when the president will submit the draft estimates for the consideration of the two chambers.
Today's FEC is a Preview Meeting for the 2018 Budget. The plan is for speedy passage, to restore Nigeria's budget cycle to Jan—Dec. pic.twitter.com/WtRxMewdeP
— Presidency Nigeria (@NGRPresident) October 26, 2017
He declined to comment on the details of the approved budget, saying the Nigerian constitution only allows the president to give out the details and he will do so when the National Assembly is ready to receive the draft.
Thursday’s council meeting, postponed from Wednesday, was presided by President Muhammadu Buhari.
We'll bring you more details later…
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