This is what you should expect from us in 2017:
Implementation of the public-private partnership models we have developed, to deliver critical Infrastructure in power, roads and rail
We will continue to confront the inherited issue of indebtedness to contractors & other third parties, & negotiate realistic payment plans
We'll continue our cost containment efforts. We've restricted travel costs, reduced sitting allowances,eliminated thousands of Ghost workers
One priority for us in 2017 is to bring about greater coherence between monetary, fiscal and trade policies.
We've tasked the Efficiency Unit of the Min of Finance to cut certain overhead costs by 20%, to free resources to fund capital expenditure.
Social Investments will continue to be a priority. #Budget2017 contains N100 billion seed money for the new N1 trillion Family Homes Fund
#Budget2017 contains N500bn for the Social Investment Prog we launched in 2016: School Feeding, GEEP, @npower_ng, Cash Transfer & others
The allocation for the Presidential Amnesty Programme has been increased to N65 billion in #Budget2017
#Budget2017 contains N50bn as the Fed Govt's Contribution for development/expansion of new/existing Export Processing & Special Econ Zones
The new Development Bank of Nigeria will soon start operations with US$1.3 billion focused exclusively on Small and Medium-Sized Enterprises
I have instructed that the Export Expansion Grant be revived in the form of tax credits to companies. N20 billion has been voted for this.
Infrastructure will be one of our biggest continuing priorities in 2017: Roads, Rail and Power projects.
#Budget2017 contains N213.14 billion as counterpart funding for the Lagos-Kano, Calabar-Lagos, Ajaokuta-Itakpe-Warri railway, and others
In 2016, we invested a lot of time on the paperwork for these rail projects—negotiating the most beneficial deal for Nigeria and Nigerians.
I must admit these negotiations took longer than expected, but I am optimistic that these projects will commence in 2017 for all to see.
The Minister of Budget and National Planning will provide a breakdown of the highlights of the 2017 Budget estimates I presented today.
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