The Minister of Budget and National Planning, Senator Udoma Udo Udoma has disclosed that the 2017 Budget would be submitted to the National Assembly by October this year.
The Minister stated this at the Town Hall Meeting and Policy Dialogue for Good Governance organized by the Federal Ministry of Information and Culture in collaboration with the Alumni Association of the National Institute of Policy and Strategic Studies (AANI), Tuesday, August 9, 2016.
According to the Minister, necessary consultations and framework for the 2017 budget are ongoing.
He pointed out that the early preparation and submission of the budget to the National Assembly would ensure the inclusion of every detail as well as ensure that there would be no reason for undue pressure and also to avoid the issue of delay in the presentation and implementation of the budget.
While speaking on the current economic situation in relation to the performance of the 2016 budget, Udo Udoma stated that, the government of President Muhammadu Buhari is using the 2016 budget to get the Nigerian economy back on stream
He revealed that government had already released N331.5billion to date as part of capital allocation of the 2016 budget to key ministries covering sectors that will turn around the economy.
Among the ministries that received the capital release are; Power, Works and Housing, Defence and Security, Water Resources, Transportation, Agriculture and Niger Delta.
He noted that the government Social Intervention Programme, was targeted at providing support to the poor and less privileged Nigerians, especially women and vulnerable Nigerians.