VIDEO: Full budget implementation not possible – Okonjo-Iweala

Channels Television  
Updated July 25, 2012

The Federal Executive Council (FEC) today (Wednesday July 25, 2012), confirmed that the implementation of the 2012 budget has reached 56% from 39% as at the end of May.

Briefing State House Correspondents at the end of the council meeting chaired by President Goodluck Jonathan, the minister of finance, Dr. Ngozi Okonjo Iweala said that the 56% represents 324 billion naira of the 404 billion so far released.

She stressed that the objective remains that president Goodluck Jonathan and the executive arm of government are on the same page with the National Assembly in the execution of the budget and the need to deliver on the development programmes of the country.

On the reports that the lower legislative chamber wants President Jonathan to implement the budget 100% before September or be impeached, she said that “there is nowhere in the country where budget is implemented 100% by September” insisting that from her experience the least any country has done is 80%.

The FEC said that there is no lack of effort on the part of government on budget implementation expressing the confidence that in the next few months both the National Assembly and Nigerians will say “yes a good effort has been made”.

 Director General of the Bereau for Public Procurement (BPP), Emeka Eze highlighted the challenges in budget implementation, saying that “all projects must go through a process of scrutiny by the BPP and this is time consuming” he explains.

The FEC  directed that henceforth in bilateral agreement with any country on issues of education beginning with Turkey, the Ministry of Education should ensure a proper need assessment that will enable Nigerian students go into areas of study that are of national priority.