President Muhammadu Buhari directed the National Planning Commission (NPC) to reduce recurrent expenditure and prioritise developmental projects in the 2016 budget.
The Punch reports with reference to the presidential spokesman Garba Shehu that Buhari gave an order on Monday, August 3, following the meeting with the executive secretary of the Commission, Bassey Akpanyung, at the presidential villa.
The Nigerian leader urged the NPC to focus on the capital projects.
“In carrying out its role in surveillance of the economy, review and appraisal of policies, the Commission should devise a plan for a realignment of the budget so that capital projects can be really prioritised.”
Akpanyung, on his part, told journalists that he had informed the president that the body had a perspective plan, in compliance with the national vision 20:20:20. He added:
“Of course, we sought the president’s support for the articulation and finalisation of that document because his pronouncement on it will assist us in rapidly doing so.
“Planning, like I said will make it effective from 2016 to 2019. So, we should be working already very seriously to pick out the elements that will form the document
“The core areas: security, the areas of diversification, the area of restabilising the polity, the micro economic situation that are going to be addressed.
“Of course, we can’t forget the issues of unemployment, agric in the real sectors. These are the areas that will drive and ensure that the employment situation is improved upon and that will impart the poverty level.”
It should be recalled that speaking recently at the meeting with the Nigerian community in Benin Republic, President Buhari reiterated his commitment to cutting down the cost of governance by reducing the number of ministries, departments and agencies.