Abuja - Secretary to the Government of the Federation (SGF), Babachir David Lawal, on Wednesday said Federal Government may not fully implement the 2016 national budget, Sun reports.
He said the projected revenues have dropped to between 50-60 per cent, a development he attributed to the activities of militants in the Niger Delta region.
The SGF made the disclosure when he appeared before a joint Senate committee on Ethics, Privileges and Public Petitions; Appropriation and Finance over his comments that the Federal Government might not implement constituency projects in the 2016 budget.
“As a government, constituency projects are championed by members of the National Assembly. Like the legislature, members of the executive are politicians who canvassed for votes. Lawmakers are aware that oil barrels had dwindled to about 800,000 per day. This has led to the inability of government to finance the budget. It is the duty of government to prepare the minds of Nigerians ahead that there will be challenges in implementing the budget.
“Government based its principle on zero budgeting this year. Funds will be released to finance key projects in line with the implementation plans of the government. I will explain why it will be hard for the government to implement the budget according to Naij.
- News 24