FG outlines 34 priority projects to achieve with the 2016 Budget … see full List

The Federal Government has set out “34 strategic priority programmes and projects” that it intends to achieve beginning with the 2016 budget.

Buhari-Ocholi

Minister of State for Budget and National Planning, Zainab Ahmed disclosed this to reporters after a cabinet meeting presided over by Vice President Yemi Osinbajo.

She said President Muhammadu Buhari was expected to receive the corrected version of the budget details from the National Assembly today or tomorrow.

Sources said the President would sign the budget immediately before he travels to France on Friday. The minister said the 34 specific areas, which were grouped into four major objectives are governance and security; diversification of the economy; creating support for the poor and the vulnerable: as well as reflating the economy through investment.

She added that they were presented with “clear deliverables, targets and indicators to ensure that ministries, departments and Agencies deliver on implementation.”

According to the minister, the 34 priority areas needed to be implemented in 2016‎ are categorised into thematic areas are:

* To achieve and maintain a capital spend minimum of 30 percent annually with the objective to reflect the economy and enhance employment generation capacity for the productive sector.

* To achieve an appropriate exchange regime to achieve a predictable exchange rate by the end of 2016.

* To increase low interest lending to the real sector at single digit “maybe nine percent” in order to increase output and growth.

* (On diversifying the economy) To attain self-sufficiency in tomato paste in 2016 and rice production by 2018.

Nigeria spent $2.41 billion on rice importation between January 2012 and May 2015 and another $1bn on tomato paste importation.

*To increase local production of maize, soya beans, poultry and livestock and to stop import. The deadline for these to  be announced later in the year.

*To expand the agro- allied sector to intensify local production of cassava, cocoa, cashew nuts, fruits and sesame seeds.

* To make use of 5,000 hectares arable land ‎in 12 River Basin Development Authorities and to utilise 22 dams for commercial farming.

Priorities under power, rails and road

*To optimise up to 7,000 megawatts installed capacity with the associated infrastructure in order to enhance investment, productivity and employment.

*To complete the Kaduna-Abuja-Ajaokuta ‎railway lines in 2016.

*To commence the construction of the Lagos – Kano standard gauge rail line and also to finalize the negotiation regarding the Calabar-Lagos rail line.

The objective of this is to increase availability of mass transit, to relief pressure on road infrastructure.

*To undertake the rehabilitation and construction of 31 major projects and restore the degraded sections of some major high ways and improve connectivity over a distance of 210,093 kilometres through public works maintenance, Public Private Partnership (PPP) and other interventions.

*To adopt and execute comprehensive national oil and gas policy which is supposed to be the road map for the petroleum industry development diversification as well as privatisation.

*Sets a three-year deadline to achieve self-sufficiency in refined petroleum products‎ and to become a net exporter of petroleum products.

*To push for the passage of the Petroleum Industry Bill (PIB).

*(Ease of doing business) Sets target to move 20 places up the ranking from 169 to 149 by fast-tracking business approvals, acquisition of land titles, issuance of visas for persons seeking to come into the country do business.

*To invest in the lives of our people by implementing various social projects covering health and education.

* Government to rehabilitate 5,000 primary health centres in 5,000 wards this year to deliver affordable health care services to Nigerians as close as possible to their homes.

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21 Comments

  1. Interesting! One area that needs to be considered in order to achieve all this is to acquire a central data system with information all Nigeria citizens. This should not be a form of useless plastic ID’s that have been issued in the past. They should come with chips that can reveal info of each individual. We shall begin to have true develpment, only when this is put in place. I don’t know of a single country that doesn’t have this, and has succeeded. It’s importance is invaluable.

  2. Great! My advice to you about this budget is that there should be mechanism through which these lofty interventions will be implemented to the letter for impactful economic development. Well done, Mr. President. I believe you can do it that is why we voted for you.

  3. This says a lot about the plans of this govt and we have waited long for it, I honestly pray they start asap as end of this month makes it a year since they have been in govt.
    The implementation of this budgets will definitely change the life’s of our people. Thumbs up.

  4. Good objectives. Nigerians love to talk. Focused implementation will be the litmus test of success. I hope the goals do not end up like OBJ’s 1978 Operation Feed the Nation, Shagari’s 1980 Green Revolution,and IBBACHA’s War Against Indiscipline (and Corruption). For some, ‘chopping’ is set to begin afresh once the budget is signed.

  5. Why are you still negotiating Calabar-Lagos Rail while others are being completed.
    All these Grammar to cover your wayo.

    China, Malaysia all developed without putting 666 chip in the body of their people. Your mobile phone number is enough identity with all the information they’ve been collecting. Stop suggesting wastage of our resources for stupid tracking fantasy projects.

    This Govt has been blowing grammar since before and during Chattam House. Today it’s one story of laws being abused or one bais or the other. or People being killed and buried in mass graves by those mandated to protect them.

  6. No budget has ever been spelt out this way in the last 16 years I know for sure APC will make the difference. By implementing this budget to the later. Sai Baba Buhari!!!

  7. Our problem has not been the ability to present and read fine budgets, the issue has always been with implementation. Hope this will be an exception after all these abnormal delays?

  8. On the long run. May te good Lord give APC and Mr. President the courage to implement it to the letter. We are watching and praying.

  9. This is an unmistakable announcement to all the thieves in the land to stay clear or go to jail.No attorney would be allowed to secure amnesty for traducers of Nigerian prosperity again.Legal sophistry may keep the cases pending for long but at the end Nigeria will prevail.
    “Though the wheel of justice grind slowly,they grind finally”

  10. Love to hear ,our prayer is that God will help Mr President and his team to implement these budget successfully .
    Sai baba set up monitoring team to ensure that they implement all the enumerated objective to the letter and any one found wanting should be dealt with immediately.

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