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Budget: Buhari Gives Ministers Marching Order

Lai-MohammedPresident Muhammadu Buhari has given members of the Federal Executive Council (FEC), made up of mainly ministers up to Monday to review the figures in the 2016 federal budget.
The budget is due to be presented to the joint session of the National Assembly in Tuesday by the President.
President Buhari put off the FEC meeting that was scheduled to hold today to enable the ministers re-jig their figures in the budget in the light of the new development in the global price of oil.
Speaking to newsmen shortly after the FEC meeting was aborted, the minister of information, Lai Mohammed confirmed that the FEC meeting has been postponed to Monday afternoon.
“The reason is that you know there was a meeting of the National Economic Council yesterday. At that meeting, many of the key cabinet members made presentations. “There were some fallouts from those presentations that will necessitate going back to the original document that should have been discussed today. So we were given time between now and Monday to go and re-jig our figures because when the NEC met, certain issues were thrown up that if they were not resolved, would distort the entire budget proposal.
“So we will all go back, each ministry will do its re-jig.” [myad]

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