The implementation of the 2016 budget will centre on 34 key programmes grouped under four thematic areas, the minister of state for Budget and National Planning, Zainab Ahmed, said on Wednesday. Premium Time reports.
The 34 priority areas were approved on Wednesday by the Federal Executive Council that was chaired by Vice President Yemi Osinbajo, the minister told journalists.
The presidency, she said, was expecting a final copy of the 2016 budget from the National Assembly for presidential assent “today or tomorrow”.
Mrs. Ahmed said the 34 programmes have clear deliverable targets and are grouped into security/policy governance, diversification of economy, succour for vulnerable Nigerians, and reflecting the economy through investments.
“We presented 34 strategic priority programmes that need to be realised within 2016. Each of these programmes have very clear deliverables and targets and indicators which will be measured to ensure that the respective Ministries, Departments and Agencies (MDAs) deliver on what we committed to implement,” she said.
“These 34 specific areas are grouped into four major objectives. The first is policy, governance and security, second diversification of the economy, the third is creating support for the poor and the vulnerable and the forth is reflecting our economy through investment.
“The paper was well received by council, we got some very positive comments and the 34 priority projects were approved for implementation. The Ministry of Budget and National Planning has been given responsibility to track and report on quarterly basis to the council on the performance of these key priority areas,” she said.
The 34 priority areas also targets to increase low interest lending to the real sector, she said, stating that the focus is to achieve an interest rate that is single digit to increase output and growth.