Finance Commissioner Suleiman Abdu Kwari told the legislators that the presentation of the budget performance report “is in furtherance of the quest of the El-Rufai government to ensure accountability and transparency in governance”.
Reviewing the budget performance, Kwari recalled that the 2016 Budget is based on 60:40 expenditure profile for Capital and Recurrent. Key priorities for the budget are: Infrastructure, Healthcare, Security, Jobs and Agriculture with Education Sector being given the utmost priority.
Reviewing the budget performance, Kwari recalled that the 2016 Budget is based on 60:40 expenditure profile for Capital and Recurrent. Key priorities for the budget are: Infrastructure, Healthcare, Security, Jobs and Agriculture with Education Sector being given the utmost priority.
While the revenue dip has been a bit of a dampener, procurement processes for capital projects have dominated the first quarter as the government remains determined to fulfill its manifesto commitments. Capital spending in the first quarter amounts to an unprecedented N7bn, with N4.9bn going to the Education sector for school renovation, furniture, and uniforms, and almost a billion naira as payments for the Zaria Water Project.
