FG attributes procurement procedure, low revenue to delay in project execution

Federal government has said that talks to reach a truce between it and the National Assembly on gray areas in the controversial 2016 budget were still ongoing and as such, could not give a definite date to sign the approved copy from the legislature.
The government has instead set out a timetable for the submission of the 2017 budget, saying that the idea was to ensure early delivery of the document.
This came as the government also stated that there was no currency deal swap with the Chinese government.
The implication of the no-date-for-signing is that the hope of many Nigerians who were expectant that the 2016 budget would have been signed into law anytime soon had been dashed.
The decision for further negotiation with the federal lawmakers was taken at the Federal Executive Council, FEC, meeting which held on Wednesday at the presidential villa, Abuja, presided over by President Mohammadu Buhari.
Briefing State House correspondents at the end of the meeting, Minister of Budget and National Planning, Mr. Udo Udoma who was flanked by his colleagues in the Ministries of Petroleum Resources, Ibe Kachikwu, Power, Housing and Works, Babatunde Fashola, and Communication Technology, Adebayo Shittu, stated that ahead of the eventual signing of the fiscal document, the federal government had set up monitoring and evaluation mechanism to ensure that the budget was duly implemented.
Udoma also denied that the document was returned to the National Assembly for a fresh work on it.

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