Economy

2018 budget: Buhari directs MDAs to activate the economy

Muhammadu Buhari, the President  of Nigeria has directed that urgent step be taken by all Ministries, Departments and Agencies (MDAs) to activate the nation’s economy following the signing of the 2018 budget into law.

The Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang, made the disclosure in an interview with journalists.

Buhari had, on June 20, assented to the N9.12 trillion budget with a reservation on the introduction of 6, 403 projects by the lawmakers amounting to N578 billion.

The Presidential Aide said work had already commenced on the implementation of the budget in order to boost the economy and create jobs.

‘’Mr President has directed that very immediate and urgent steps be taken so that the economy be activated, employment be created so that the market will be active and people can go around to buy what they need to buy.

‘’Therefore, those are the words of Mr President. We are not dwelling on any other matter rather than implementation,” he said.

On the controversy over the budget increase by the National Assembly, Enang said the Federal Government is only preoccupied with how to implement the budget.

‘’What you called the dispute on the budget, I want to say that President made observations from the budget, he did not raise objection.

‘’The President assented to the budget. The time we are now, we are working on the implementation of the budget. We are working on steps to raise fund for the budget.

‘’You know that the greater part of the budget is going to be funded by loan, because it is a deficit budget. And so we are working on modalities to make appropriate request before the legislature,” he said.

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