Friday, 19 February 2016

FG begins work on 2017-2020 medium term plan

The Federal Government has begun the process of developing the medium term strategic plan covering the 2017 to 2020 fiscal periods.

The Minister of Budget and National Planning, Senator Udo Udoma, stated this on Thursday in Abuja at a meeting with commissioners of economic planning from the 36 states of the federation.

He said the plan, which would be coordinated by the ministry, would also guide the preparation of the annual budget.

Udoma added that the medium term plan would integrate the interventions of the United Nations Sustainable Development Goals and the change agenda of the Federal Government, and would focus on six priority areas.

They are economic, social development, infrastructure, governance, environment, state and regional development.

The minister said, “The Federal Government is committed to institutionalising strategic planning and monitoring and evaluation system in the country. In this regard, the process of developing the successor medium term strategic plan 2017-2020 has commenced under the coordination of the Ministry of Budget and National Planning.

“I invite the ministries of economic planning in the states to work closely with the Ministry of Budget and National Planning on this important task of developing the successor medium term plan for the country.”

The minister allayed fears that the Federal Government might not be able to raise the required revenue to fund the N6.08tn budget, stating that it had developed innovative ways of generating revenue following the drop in oil prices.

Udoma expressed optimism that despite the controversy surrounding the 2016 budget, it would make significant impact on the economy.




Punch

No comments:

Post a Comment

Related Posts

Related Posts Plugin for WordPress, Blogger...