Acting President, Yemi Osinbajo, yesterday hosted a cabinet retreat with members of the Federal Executive Council (FEC); Permanent Secretaries and heads of federal Departments and Agencies in attendance at the State House Conference Centre, Abuja.
The retreat focused on the implementation of the Economic Recovery and Growth Plan (ERGP) and the 2018 budget preparation process with the theme Building Synergy for Effective ERGP Implementation.
It came a day after the FEC approved the 2018-2020 Medium Term Expenditure Framework (MTEF) on which the 2018 Budget will be premised for presentation to the National Assembly against the deadline of this October.
The Minister of Budget and National Planning, Udo Udoma, told State House Correspondents at the retreat that it is intended to brief cabinet members about the linkages between ERGP and the budget.
“Basically, we have to keep on reviewing at every stage, so this is review about where we are, what needs to be done and what steps we need to take in areas that we need to fast-track.
“We need to review what we are doing at the stage of implementation. This was the purpose of the meeting. We are moving ahead in terms of the modalities that have been defined”, he stated.
This is not the time to actually say what stage and so on. We will be giving briefings and so on.”
On when the budget will be sent to the National Assembly, the Minister assured that it would be as soon as the National Assembly resumes from its break in September.
“Ours is to follow the Fiscal Responsibility Act which has some timelines and we are trying to keep strictly by those timelines.
“So, the budget will get to the National Assembly by October; that was our commitment.
“We will go all out to make that happen; we made a commitment that we will do that on our part and we intend to deliver on that commitment. This is a government that delivers on its promises”, Udoma said.