ECONOMY I Buhari Tenders 2018-2020 Expenditure Framework To NASS

Buhari Tenders 2018-2020 Expenditure Framework To NASS
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President Muhammadu Buhari of Nigeria has submitted the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP) to the House of Representatives in a bid to ensure the timely passage of the 2018 budget.

 
    Buhari

The Speaker, Mr. Yakubu Dogara read the correspondence from the President dated October 9, 2017 during the plenary session of the House on Tuesday 17th October 2017. The President, in the correspondence, said that the decision to submit the MTEF-FSP was in line with the provision of the Fiscal Responsibility Act 2007.

   Udoma

Similarly, President Buhari has expressed his desire to have the national budgeting process thoroughly reformed in a manner that would promote accountability, transparency and professionalism.

The President, who spoke in Abuja at the summit on inter-governmental/inter-party relations and the budget reform process for sustainable development in Nigeria, organised by the National Institute for Legislative Studies (NILS), represented by the Minister of Budget and National Planning, Udoma Udo Udoma, said that meaningful development could only be guaranteed in Nigeria when credibility is introduced to the budgeting process.

He acknowledged that conflicts between the Legislative and Executive arms of government were normal in a democracy setting.