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FG begins preparation for 2018 budget

Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo on Tuesday in Abuja started preparatory activities for the 2018 budget based on the Federal Government’s Economic Recovery and Growth Plan.

Anchored by the Ministry of Budget and National Planning, the process is to ensure that the 2018 budget aligns with the provisions of the ERGP and is ready for presentation to the National Assembly by early October this year.

Osinbajo and the Minister of Budget and National Planning, Senator Udo Udoma, who addressed ministers, permanent secretaries and head of government agencies, spoke of the need to reinvigorate the budget preparation process and ensure that the 2018 and subsequent national budgets were ready for implementation by January of each fiscal year.

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