• Saturday, April 20, 2024
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BusinessDay

2020 budget implementation comes under focus, as Buhari presides over 8th virtual FEC

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Cabinet members at the virtual Federal Executive Council, FEC being presided over by President Muhammadu Buhari will use the opportunities to present implementation plans for the recently signed N10.81trillion 2020 budget.

The revised budget which was signed into law last Friday and the Economic Sustainability Plan ESP contain the federal government actions response to the disruptive Coronavirus global pandemic that had seen Nigeria’s projected 2020 revenue fall by as much as 40%.

The virtual meeting , which is the 8th since the resumed meeting, of the Federal Executive Council (FEC) is currently holding inside the Council Chambers of the State House, Abuja.

Vice President Yemi Osinbajo, Secretary to the Government of the Federation Boss Mustapha, Chief of Staff to the President Ibrahim Gambari, National Security Adviser, Babagana Monguno and nine ministers are also physically present at the meeting.

The ministers at the Council Chambers include Lai Mohammed (Information and Culture), Zainab Ahmed (Finance, Budget and National Planning), Minister of State Budget and National Planning, Clement Agba, Abubakar Malami (Justice), Rotimi Amaechi (Transportation), Minister of State for Education, Chukwuemeka Nwajiuba, Minister of Environment, Muhammad Mahmood, Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar-Farouk, and Water Resources, Suleiman Adamu.
The Ministers are expected to brief on approvals and resolutions on the several memos at the end of their deliberations.

Head of Service of the Federation, Folasade Yemi-Esan and Other ministers are participating virtually from their respective offices in Abuja.

After the national anthem, a minute silence was observed in honour of former Minister of Works, Major-General John Obada (rted), who died on the night of Saturday, June 13, 2020, after a brief illness at the age of 81.

Obada acted as Chief of Air Staff (COAS) from 1970 to 1971, and was Federal Commissioner for Works and member of the Supreme Military Council.

He also served as the Commissioner representing Delta State in the Federal Revenue Mobilisation Allocation and Fiscal Commission in 2006.

The Major-General, who retired from the Nigerian Army in 1977, was born on April 4, 1939.
Until his death, Obada was the Chairman, Board of Trustees of the Urhobo Progress Union, the apex socio-cultural body of the Urhobo Nation.