President Muhammadu Buhari orders reduction on recurrent expenditure in 2016 Budget.

President Muhammadu Buhari has ordered the National Planning Commission-NPC to go back to the drawing board and produce a framework for the 2016 budget that will reduce recurrent expenditure and prioritise developmental projects.

A statement issued by the Senior Special Assistant to the President, Media and Publicity, Garba Shehu, said Buhari gave the order after receiving a briefing from the Executive Secretary of the Commission, Bassey Akpanyung, at the Presidential Villa.

The executive secretary of the NPC had informed the president that Nigeria’s planning system was beset by many challenges which include the non-alignment of national plans with the annual budget and inadequate capacity in the Departments of Planning, Research and Statistics in the various government ministries.

Akpanyung had after his meeting with the president informed journalists that the president had directed the commission to identify core capital projects and concentrate on them instead of embarking on too many projects at the same time.

According to him, the core areas to be addressed are security, diversification of the economy, stabilising the polity, and focus on the micro-economic situation.

 



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