BY MBAKAAN KWEN,
The federal government yesterday said it would send the 2018 budget to the National Assembly at the beginning of October this year.
The Minister of Budget and National Planning Senator Udo Udoma disclosed this in Abuja during a public dialogue with top government officials, members of Civil Societies Organisation, and the Organised Private Sector among others on the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper.
He said the decision to submit the 2018 budget early was in line with provisions of the Fiscal Responsibility Act of 2007.
He said the early submission of the budget to the lawmakers would give them enough time to consider the fiscal document and pass it on time.
The minister said the overall goal of the government is to ensure that the country returns to a predictable budget year which would run from January to December.
Meanwhile, Nigeria and the United Nations (UN) yesterday signed a five-year Sustainable Development Partnership Framework (UNSDPF) (2018-2022) which is a successor programme to the current United Nations Development Assistance Framework III (UNDAF III) (2014-2017) in Nigeria.
The UNSDPF has three strategic priority result areas which are governance, human rights, peace and security; equitable quality basic services and sustainable and inclusive economic growth and development.
The Minister of Budget and National Planning, Senator Udoma Udo Udoma who signed on behalf of the Nigerian government noted that the process for development of the UNSDPF which crystallized in the signing of the document involved extensive consultations between the Nigerian government and the UN System and that the consultations allowed for sharing of experiences and for value addition to the development of the UNSDPF.
Senator Udoma told the UN team that his ministry is currently working on the implementation plan for the ERGP which has the key objectives of restoring growth, investing in our people and building a globally competitive economy; pointing out that the plan defines the country’s economic trajectory for the next four years and seeks to take the Nigeria economy out of recession unto a path of sustained, inclusive and diversified growth.