FEC Approves Nigeria’s 2018 Draft Budget

The Federal Executive Council has approved the draft for the 2018 budget proposal.

This was announced on Thursday by the Minister of Budget and National Planning, Udo Udoma, after the FEC meeting at presidential Villa Abuja, the nation’s capital.

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Briefing State House correspondents on the outcomes of the meeting, 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.

Udoma said a date would be fixed in liaison with the National Assembly for President Muhammadu Buhari to submit the draft documents.

Mr. Udoma, however, 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.

Details later…

(Premium Times) 

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