How we are tackling corruption, recession ― Budget Minister
The Minister of Budget and National Planning, Udo Udoma has highlighted the three main focal points of Buhari’s administration.
The minister stated the major areas while addressing State House correspondents after Wednesday Federal Executive Council meeting in Abuja.
According to the Udoma, the intensions of the government are clear and they are anchored on corruption, economy and security.
“Government came in with a clear mandate and a clear plan. If you remember it was on three principles: one, tackling corruption, restoring security and fixing the economy. As you know, we are still working on all the three. We were clear on what our plans were.
Udoma commended their achievement in the area of capital budget releases-in his words, “we are not doing badly right now”.
“However when you come and you implementing, you have to harvest and get all information that you actually need physically and see from it and get out what you want there. As regards budget releases, if you look the last five years, capital releases have never been released in full because of funding constraints. Actually, we are not doing badly right now in terms of capital budget releases”.
He is confident that with the patronage received from Eurobond and the relative stability in the Niger-Delta more moneys are expected to coming in.
“Because of the funding constraints, the budget has a deficit, I traveled with Minister of Finance and CBN governor to market out eurobond. As you can see, the Eurobond was oversubscribed by over 8 times, so the funds are coming in, there is more stability in the Niger-Delta, so more money are coming in”, he said.
Other issues considered at the meeting were the approval of N126 billion for the construction of 12-road-project across eight states and the approval of the National Health Policy.