President Buhari Slashes Recurrent Expenditure In 2016 Budget

President Muhammadu Buhari has ordered the National Planning Commission (NPC) to go back to the drawing board and produce the framework for a 2016 national budget that will reduce recurrent expenditure and prioritize developmental projects.
According to a statement signed by Garba Sheu, President Buhari gave the order after receiving a briefing from the Executive Secretary of the Commission, Dr. Bassey Akpanyung at the Presidential Villa.

“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 prioritized,” the President directed.

He said capital projects must now be given the fullest possible priority because Nigeria cannot achieve real development without adequate investment in capital and infrastructural projects.