Read What Minister Says 2016 Budget is Designed for..

The Minister of Budget and National Planning, Udoma Udo-Udoma has said that the 2016 budget was designed to create significant number of jobs to reduce unemployment in the country.
The Minister said this in a statement issued by Mr Salisu Haiba, Assistant Director in charge of Press in the ministry and made available to newsmen in Abuja on Tuesday.
According to the statement, Udo-Udoma made the statement in his presentation at the on-going National Economic Council’s Retreat entitled “Strategic Implementation Plan for the 2016 Budget of Change.”
The minister said that the 2016 budget was designed to deliver inclusive growth and create significant number of jobs to reduce unemployment/ underemployment, especially among the youths.
He said that the budget was designed to reflate the economy through government expenditure-led growth strategy with emphasis on infrastructure development
He added that it was also designed to cater for the poor and vulnerable through special social intervention programmes.
“The list includes building an economy that is less vulnerable to oil price shocks by creating a resilient diversified income base and creating an Efficient Public Financial Management System.
“It will increase revenue by broadening the tax base, as well as ensure efficient revenue collection, blocking leakages and reducing cost of governance through IPPIS and efficiency unit,’’ he said.
In addition, Udoma said that the budget would also cater for the poor and vulnerable through special social intervention programmes.
He explained that the Federal Government had designed a strategic implementation plan to ensure an effective implementation of the 2016 Budget of Change.
“ The implementation plan is simply a road- map of key macro –economic and sectoral policies and strategic targets for the 2016 Fiscal year,” he added.
The minister listed six major strategies in the implementation plan to include: policy security and governance, diversification of the economy and power.
Others, he said were rail and roads, Oil and gas reforms, ease of doing business and social investment.
He said that the states had key roles to play in ensuring effective implementation of the various policies, programmes and projects in the budget. (NAN)
Read What Minister Says 2016 Budget is Designed for.. Read What Minister Says 2016 Budget is Designed for.. Reviewed by Link Naija on 12:12:00 Rating: 5

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