Saturday 20 February 2016

2016 budget does not exceed N6.08 trillion -- Lai Mohammed

lai mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, said on Saturday said that the 2016 budget was not padded because the total figure voted for all ministries had not exceeded N6.08 trillion.
Speaking with the News Men: He said  2016 budget has not be tampered with and he also stated that the budget did not exceed N6.08 trillion.

Here the full story:  This is the first time in the history of this country that a government will embark what is called zero based budget.
“Before now, the budget system was what was called an enveloped system. In an envelope system, there is no justification as to why we need N30 billion for a structure.’’
“This year, we decide that every ministry must have a zero based budget. In other word, you must justify and explain why you need N100 billion.
“This is very good system, the soft ware for it was also very different. The personnel were not used to it,’’
“Now, in the process we got to National Assembly. What the ministers do is to have a broad overview of the budget. The template used by the Budget Office is uniform for all ministers.’’

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