The Federal Government has declared that delays in the passage of the 2017 Appropriation Bill by the National Assembly may stall the implementation of its Economic Recovery Growth Plan.
Minister of Budget and National Planning,
Udoma Udo Udoma, made the declaration while briefing State House Correspondents on the outcome of the Federal Executive Council meeting chaired by Acting President, Yemi Osinbajo.
President Muhammadu Buhari had presented 7.3 trillion naira budget estimate to the National Assembly last December with various Ministries Department and Agencies of government defending their individual budget proposals since then.
Nigeria’s government only on Tuesday released its economic growth and recovery plan with which it plans to pull the country out of recession after postponing its release several times.
Udoma, who briefed alongside the Ministers of Information, Culture and Tourism, Lai Mohammed and Federal Capital Territory (FCT), Mohammed Bello, explained that most of the initiatives to get the country out of recession have been outlined in the economic recovery plan for this year.
Udoma said he had briefed cabinet on the recently released National Bureau of Statistics 3rd Quarter GDP Report and the full report on 2016 as well as the release of the Economic Recovery Growth Plan.