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LequteMan
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Vice-President Yemi Osinbajo on Monday in Ibadan announced that FG would in a few days’ time, begin the implementation of the 2016 budget.
According to him, the budget is not only ambitious in size but also more in its broad range of fiscal policies. He described it as the most ambitious in the history of the nation.
“The action points cut across six political ties of security, governance, economic diversification, power, road and rail, oil and gas, ease of investments and social investment,” he said.
Mr. Osinbajo said for the first time in three years, the nation would have 30 per cent of the budget going for capital expenditure, a percentage that was three times higher than the last budget.
He said the capital expenditure would take care of several aspects of infrastructure, particularly rail, road and power.
According to him, the rail link between Lagos and Kano as well as the one between Lagos and Calabar will be captured.
News Agency of Nigeria
According to him, the budget is not only ambitious in size but also more in its broad range of fiscal policies. He described it as the most ambitious in the history of the nation.
“The action points cut across six political ties of security, governance, economic diversification, power, road and rail, oil and gas, ease of investments and social investment,” he said.
Mr. Osinbajo said for the first time in three years, the nation would have 30 per cent of the budget going for capital expenditure, a percentage that was three times higher than the last budget.
He said the capital expenditure would take care of several aspects of infrastructure, particularly rail, road and power.
According to him, the rail link between Lagos and Kano as well as the one between Lagos and Calabar will be captured.
News Agency of Nigeria
