{"id":69853,"date":"2019-10-15T19:15:06","date_gmt":"2019-10-15T18:15:06","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=69853"},"modified":"2019-10-15T19:15:06","modified_gmt":"2019-10-15T18:15:06","slug":"january-to-december-budget-cycle-will-bolster-investors-devt-partners-confidence-in-nigerias-economy-agba","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/other-news\/january-to-december-budget-cycle-will-bolster-investors-devt-partners-confidence-in-nigerias-economy-agba\/","title":{"rendered":"January to December budget cycle will bolster investors, devt partners’ confidence in Nigeria’s economy-Agba"},"content":{"rendered":"
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Minister of State for Budget and National Planning, Prince Clem Ikanade
\nAgba said that the mandate to return the country to the January-December
\nbudget cycle represented a great stride towards institutionalizing
\npredictions about the economic direction of Nigeria.<\/p>\n

Agba said that the new budget cycle would also bolster the confidence of
\ninvestors and development partners in Nigeria’s economy with concomitant
\ngrowth and development.<\/p>\n

In his closing remarks during the breakdown of the 2020 budget proposals
\nin Abuja on Monday, the minister assured Nigerians that the 2020 budget
\nwould sustain growth and galvanise job creation.<\/p>\n

He expressed confidence that with the continuous support for President
\nMuhammadu Buhari’s administration, “we will surmount the challenges to
\nthe attainment of the country’s God-given destiny as a nation.”<\/p>\n

He also said that there was a need to create a brand new paradigm in the
\nmanagement of our national economy through proper planning, stressing
\nthat “to pass the final litmus test, the country’s new push, coming on
\nthe heels of Mr President’s commitment to take 100 million Nigerians out
\nof poverty in the next 10 years, will be accountable and inclusive.”<\/p>\n

He further stated that the 2021 budgetary process would commence early
\nso as to ensure more engagements and achieve robust contributions in
\norder to have a better budget for the country.<\/p>\n

According to Agba “a team has been set up in the Ministry to look at the
\nnext successor plan to the Economic Recovery and Growth Plan (ERGP) and
\nthe Vision 2020, which would both come to an end in December next year.<\/p>\n

He noted that “the current budget is a derivative of the Economic
\nRecovery and Growth Plan (ERGP),” pointing out that “our focus is on the
\npriority areas.”<\/p>\n

On Nigeria’s infrastructure deficit, the Minister said that revenues
\ngenerated in the past were not effectively used, resulting in the huge
\ndeficit gap that existed and was evident in all sectors of the economy.<\/p>\n

Permanent Secretary (Special Duties) in the Ministry of Finance Dr
\nMohammed Kyari Dikwa, in his remarks, expressed optimism that the 2020
\nbudget, when passed, would lead to sustained growth and job creation.<\/p>\n

He urged all the Ministries, Departments and Agencies (MDAs) to
\nimplement the Integrated Payroll and Personnel Information System
\n(IPPIS) scheme in their various institutions.<\/p>\n<\/div>\n<\/div>\n

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Minister of State for Budget and National Planning, Prince Clem Ikanade Agba said that the mandate to return the country to the January-December budget cycle represented a great stride towards…<\/p>\n","protected":false},"author":1,"featured_media":69854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-69853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-news"],"yoast_head":"\nJanuary to December budget cycle will bolster investors, devt partners' confidence in Nigeria's economy-Agba - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/other-news\/january-to-december-budget-cycle-will-bolster-investors-devt-partners-confidence-in-nigerias-economy-agba\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"January to December budget cycle will bolster investors, devt partners' confidence in Nigeria's economy-Agba - 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