Friday, 18 December 2015

2016 Budget: Buhari Calls Off FEC Meeting At Last Minute

The emergency meeting of the Federal Executive Council which was summoned by President Muhammadu Buhari to consider the 2016 Budget has been postponed.

Buhari postponed the meeting at the last minute on Friday, December 18, The Punch reports.

The meeting had been scheduled for 10am at the Presidential Villa, Abuja and the ministers had arrived at the venue.

On their way to Council Chambers for the meeting, they were told by members of staff of the protocol unit that the meeting had been called off. Some did not believe the information and gathered inside the chambers’ Tea Room to discuss and find out the reason for the development.

Speaking to state house correspondents, Alhaji Lai Mohammed, the minister of information and culture said the meeting was postponed to allow them reflect some of the corrections made on the 2016 Budget proposal during a meeting of the National Economic Council which held on Thursday.

Mohammed said: “The meeting was not cancelled. It was postponed till Monday afternoon.”

READ ALSO: 2016 Budget: Buhari Holds Emergency FEC Meeting (Photos)

President Buhari is expected to present the 2016 budget to a joint session of the National Assembly on Tuesday, December 21.

When asked on Thursday whether the President will submit the budget personally to the National Assembly or send it through a minister as was done in the recent past, the Minister of Budget and National Planning, Senator Udo Udoma, said the details would be made public later.

The FEC at its last meeting on Monday, December 7, approved the sum of N6 trillion for the expenditure for 2016 budget under the Medium Term Expenditure Framework (MTEF). The meeting which began at about 3pm was presided over by President Buhari.